Photo: Robert Verzo
Estate agents in the Philippines are increasingly targeting Qatari investors.
They are primarily focusing on resort and tourism-related real estate opportunities, as these are believed to have the strongest appeal.
A representative of the Association of Filipino Real Estate Executives in Qatar (Afreeq) told the Gulf Times that “such properties could always withstand any economic turmoil. Greece is a clear example. All of its beach front hotel accommodations remain to be at 98 per cent occupancy despite the country’s ongoing financial crisis”.
Indeed, the association is now actively courting Qatari businessmen, with plans to launch the first Philippine Property Investor Show in Qatar on 23rd and 24th October in Doha.
The event will include lectures and seminars from high-profile speakers, while 10 top developers from the Philippines will also attend.
Afreeq will be aiming to developer a range of B2B networking opportunities too.
“We are optimistic to receive the same cordial response from officials of the Qatar Chamber, as well as those from the Qatar-British and Qatar-Indian business communities,” the official added.
“The Philippines is the most affordable place to own luxury branded properties such as Milano, Versace, Missoni, and Trump. International icons such as Paris Hilton also have signature properties in the country.”
Indeed, the cost of property in the country is the third lowest in Southeast Asia at an average of QR8,666 per square metre (far below Singapore and Hong Kong’s QR133,333 per square metre).