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Overseas Property News
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Five star luxury in Boracay for £70,000
Country: Philippines
4 June 2008
Sanson & Dunne MLC is currently selling off-plan apartments in The Pearl, a 5-star development, located on Boracay island in the Phillipines, with prices starting from €88,000 (approx £70,000).
Although Boracay remains rather underdeveloped, there is a golf course in existence, while the island is also home to the White Beach, which is considered by many to be the best beach in the world.
Property prices on the island are currently recording double-digit growth, while rental yields of around 10% are achievable, according to Gavin Dunne director of Sanson & Dunne.
Dunne told Homes Overseas online: “This will be the only five-star residential resort on the island. There will be 180 residential units in total, offering investors and second homeowners a modern luxurious apartment and a great investment. We anticipate high rental yields and strong capital growth over the next few years, while finance, at a rate of fifty percent loan-to-value will be available to purchasers upon completion of the development in September 2010.”
Some properties in Philippines
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Price: £52,000
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Type: New Home
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A limited release of just 30 hotel suites in this superb development within 20 mins of Cebu Airport offering guaranteed rentals that achieve annual yields of 15%. The project we are advised is government bonded and 60% non status finance available
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View details | Enquire further
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Price: £73,349
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Type: Apartment
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An excellent fully managed "turnkey" investment project situated on this highly regarded golf course, set on the stunning island of Boracay in the Philippines, offering minimum guaranteed returns of 12-14% with non status finance & optional personal
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View details | Enquire further
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Price: £110,940
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Type: New Home
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A superb development of 195 units conveniently located for international airports in a fast developing market that offer guaranteed rentals achieving annual % yields in excess of 20% the project we are advised is government bonded with finance at
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View details | Enquire further
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