Sponsored content by RLC Residences
RLC Residences’ MIRA is a solid investment choice for overseas Filipino families
The Philippines was Southeast Asia’s fastest-growing economy in 2023, according to McKinsey & Company. It added that most sectors flourished, with construction among those that recorded the highest growth.
For Filipinos in the UK, this is the time to invest in property in the Philippines with its continued economic expansion while securing long-term financial stability. Take for example MIRA by RLC Residences. This project by the residential division of property giant Robinsons Land has shown strong potential – given its almost sold-out status three months after its launch in April 2024.
Economic growth and stability
The Philippines has consistently demonstrated impressive economic growth, with a resilient gross domestic product showing steady yearly expansion. Supported by sound fiscal policies and proactive economic reforms, the country’s economy remains resilient despite global uncertainties. This stability provides a fertile ground for real estate investment, offering investors confidence in sustainable returns.
Transportation links and connectivity
Accessibility to transportation links plays a crucial role in enhancing property values and investment potential. Projects like the Estrella-Pantaleon Bridge, MRT-3 rehabilitation, and the Metro Manila Subway will improve connectivity and accessibility within the capital and beyond. Improved infrastructure boosts property appreciation and attracts more tenants and homeowners looking for convenience and accessibility.
MIRA’s prime location at Cubao, Quezon City, ensures that everything a family needs is within reach. The property is within the heart of the metro, with nearby transportation hubs that make key central business districts easily accessible.
High property appreciation and rental opportunity
Philippine property has shown robust appreciation rates, particularly in key urban centres like Metro Manila. Colliers Philippines reported a below 17% rental vacancy rate in Metro Manila in 2023 – indicating the need for more consumer rental supply in the market.
For Filipinos in the UK who intend to rent out their units at MIRA, RLC Residences offers comprehensive support through innovative digital platforms.
For example, the myRLCHome app allows unit owners to manage their properties seamlessly, even from abroad. They can file maintenance requests, pay dues, monitor billing, and secure necessary permits online, ensuring their investments are well-maintained and operational.
The RingRob Concierge app is a convenient way for homeowners to arrange essential services remotely. They may schedule water deliveries and book housekeeping, laundry, and other services.
These digital tools enhance convenience, even while the homeowners are overseas, and provide peace of mind to investors, knowing their properties are in capable hands.
Strong property market demand, especially among family builders
Robust demand driven by various factors characterises the Philippine property market. Cultural preferences, such as strong family orientation and demographic dynamics, heavily influence the market. There is a significant trend towards properties that cater specifically to growing households and overseas Filipino workers investing in homes designed for family living. Top-tier educational institutions in Metro Manila are also a major draw for families who prioritise their children’s education. Proximity to reputable schools increases the desirability of residential properties.
Market trends further support this demand, reflecting a preference for well-located properties with access to amenities and essential services. The appeal extends beyond mere housing; it encompasses community living and convenience, making properties like MIRA more attractive.
MIRA offers a blend of comfort, functionality, and community-oriented features that resonate with the evolving preferences of Filipino homebuyers and investors. The property has family-centred amenities, such as wide open spaces, swimming pools, a Learnscape, Glamping Nooks, an onsite clinic, a pet park, and a multipurpose court.
In this dynamic environment, developments prioritising quality of life and future-proofing, such as MIRA, stand out as compelling investment opportunities for those looking to secure their financial future in the Philippines.
If you are interested in investing in a home at MIRA, you may directly contact any RLC Residences International Marketing Team representative in the UK via IMServices@robinsonsland.com. You may also visit rlcresidences.com or RLC Residences’ official social media pages.
