Mabuhay! Welcome to the Philippines
The Republic of the Philippines is an archipelago with more than 7,100 islands
that offers diverse attractions — mountains and volcanoes, bays and lakes,
uncrowded beach coves, world-class resorts, and picturesque towns and villages
with their old churches and ancestral homes. The Banaue rice terraces, built by
the Ifugaos mountain tribe more than 2,000 years ago, has been called the eighth
wonder of the world. Fresh seafood and tropical fruits, colorful festivals, and
the legendary hospitality of the Filipino people complete the tropical setting.
The Philippines is currently celebrating the centennial of its independence,
after centuries of Spanish and American colonization, whose influences on the
culture are still recognized in Latino attitudes and traditions (the Philippines
is the only predominately Catholic nation in Asia) and the wide-spread use of
English (the Philippines is the fourth-largest English-speaking nation in the
world). The Philippines recently celebrated the centennial of its independence,
after centuries of Spanish and American colonization, whose influences on the
culture are still recognized in Latino attitudes and traditions (the Philippines
is the only predominately Catholic nation in Asia) and the wide-spread use of
English (the Philippines is the fourth-largest English-speaking nation in the
world).
Real Estate in the Philippines
The real estate sector was severely hit by the Asian monetary crisis in 1997.
Increased prices for construction materials, coupled with a decline in the
number of prospective buyers, caused many developers to stop building new
projects. Existing projects are still being sold and an all out effort is being
made to attract purchasers from among Filipinos living abroad and foreign buyers.
About ERA in the Philippines
ERA was the first international real estate franchise to have offices in the
Philippines, beginning in 1994. Today there are independently-owned ERA offices
in many of the major cities, who are ready to provide you with friendly help in
finding a home to purchase or lease or professional assistance in commercial
investment. |
