I just flew to Sydney over the weekend, and in the process I took the opportunity to talk to people about my new 'Buying Philippine Property' book. It was probably feedback I should have sought before righting it, and it was not totally unexpected. But it did focus my mind on the market for this book and the fact I had covered the required issues. I identified the following groups:
1. Business foreigners - I did not talk or identify this category among the people I spoke to.
2. Single foreigners who came to the Philippines for girls. I suspect a lot of these guys when they are not with girls, are complaining to other guys about how bad the girls are. Not unexpected when you are 20-40 years older than your GF. These people are generally on tourist visas and far dominate. Comments from this group are basically - they wouldn't trust buying property in the Philippines because they are cheats. Well in as much as these 'guys' are here for short term relationships, in a poor country, and much older than their partners, this is not surprising too anyone. Mind you there are ways they can buy property with protective measures, even it not in their name. They can of course buy condos in their name. I can offer assistance to these people in terms of identifying how to buy and how to identify fake partners for the innocent among you. I have lived in several Asian countries and dated numerous. More importantly I have analysed those relationships.
3. Coupled foreigners who are living or visiting the Philippines in relationships based on respect I would expect to have more favourable comments to make about Filipinos and buying property in the Philippines. That's not to say they should not take precautions. I identify those options in the book as well as strategies and property values, to assist people make those choices.
Another negative comment from a person was that he knows a number of people who had trouble selling a property in the Philippines. One of those who was screwed perhaps. Well if there is no market for these properties clearly that is an opportunity to buy properties at distressed prices. If someone is making a huge loss, then someone can make a huge gain. The logic of pundits is rarely critically appraised. It pays to break it down. Mind you its true enough. There are plenty of sharks trying to rip people off buying property in the Philippines. They are readily identified and avoided though. I do provide suggestions on that note.
Of course the other big market for property is Filipinos, OFWs/expats and balikbayan. I did not however talk to this group since they were not readily evident. They tend to have different reasons for buying, eg. Easier to blend in, greater local support, etc.
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Andrew Sheldon www.sheldonthinks.com
1. Business foreigners - I did not talk or identify this category among the people I spoke to.
2. Single foreigners who came to the Philippines for girls. I suspect a lot of these guys when they are not with girls, are complaining to other guys about how bad the girls are. Not unexpected when you are 20-40 years older than your GF. These people are generally on tourist visas and far dominate. Comments from this group are basically - they wouldn't trust buying property in the Philippines because they are cheats. Well in as much as these 'guys' are here for short term relationships, in a poor country, and much older than their partners, this is not surprising too anyone. Mind you there are ways they can buy property with protective measures, even it not in their name. They can of course buy condos in their name. I can offer assistance to these people in terms of identifying how to buy and how to identify fake partners for the innocent among you. I have lived in several Asian countries and dated numerous. More importantly I have analysed those relationships.
3. Coupled foreigners who are living or visiting the Philippines in relationships based on respect I would expect to have more favourable comments to make about Filipinos and buying property in the Philippines. That's not to say they should not take precautions. I identify those options in the book as well as strategies and property values, to assist people make those choices.
Another negative comment from a person was that he knows a number of people who had trouble selling a property in the Philippines. One of those who was screwed perhaps. Well if there is no market for these properties clearly that is an opportunity to buy properties at distressed prices. If someone is making a huge loss, then someone can make a huge gain. The logic of pundits is rarely critically appraised. It pays to break it down. Mind you its true enough. There are plenty of sharks trying to rip people off buying property in the Philippines. They are readily identified and avoided though. I do provide suggestions on that note.
Of course the other big market for property is Filipinos, OFWs/expats and balikbayan. I did not however talk to this group since they were not readily evident. They tend to have different reasons for buying, eg. Easier to blend in, greater local support, etc.
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Andrew Sheldon www.sheldonthinks.com
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