2010, the Chinese Year of the Tiger, calls for resilience. From 2007 to 2008, we have all been beaten with the mortgage crisis in the United States which has stirred a ripple across the Atlantic and even affecting rich Middle East cities such as Dubai and King Khalid Military City. But Southeast Asia has never been affected with the mortgage crisis many thanks to financial reforms which have been instituted in the region after their own 1997 economic crisis. That is why the ideal place to buy and sell real estate is in Southeast Asia. And the number one country candidate to be just that is in the Philippines. The Philippines prides itself as having a low cost of living yet the housing sector here has been in consistent full boom since more than a decade ago. High-end subdivisions are sprouting in every urban city and new cities are created because of that. Condominiums are likewise sprouting, mostly patterned after American architecture and interior design. So Americans and Westerners from Scandinavian and Mediterranean countries will really feel at home here.
Even South Korean tourists – who have to acclimate – have fell in love with the Philippines because of the hospitality of the people as well as the low cost yet high quality of living in the country. So if you are planning to sell your P5-million house for example, it can easily be sold to a foreign tourist within two weeks in instant cash because real estate is in demand here.
One of the most ideal places to live in the Philippines is located in the southern part of the archipelago, Cagayan de Oro. It is the most peaceful city in the country and naturally, it is also ideal as well since it is not located in a fault line and it is shaped like a basin so it is protected from typhoon onslaughts.