We have this trend of seasonal activity in the overseas property market over the last few years especially from UK market. Statistics from UK Estate Agents showed that from 2004 and 2006 the number of British people who owned a second home abroad soared from 550,000 to 800,000. With a further 5.5 million Brits estimated to be wanting to live abroad, UK buyers are increasingly being tempted by the different cultures, lifestyles and often improved standard of living that other countries, including the Philippines, can offer said Collingz .
Collingz said historical sales figures show that the number of people buying property in the Philippines has a significant peak in the early autumn as many people use their summer holidays to hunt for their ideal second home. Interest in buying abroad can quickly strengthen after a few weeks back in Europe as the days shorten and the weather takes a turn for the worse. PLC has been anticipating the arrival of the British overseas property buyer in the Philippines and sees the UK market, rather than the US, as the place to sell their Condotel units over the next 6 months. Our PLC Global property portal has already seen increased traffic...
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