The Philippine property industry is aggressively tapping the Filipino-American sector. Property developers are clearly focusing their advertising campaigns on areas with a great number of overseas Filipinos.
The economies of Filipino-Americans and the remittances of additional overseas Filipino workers (OFWs) have been touted to fuel the foreseen growth in the property industry. Click This Link to get more information about real estate business in the Philippines.
Aside from greater sales figures, the rise in property investments has spawned jobs for construction workers and indirect laborers and generated economic linkages with other industries, like the furniture and appliance makers.
Fil-Am investors are now more confident as well of improvements in the Philippines partially due to their contributions.
The government is at the forefront of this initiative to pull Fil-Am investments. In May 2006, it spearheaded the “Bayan Ko, Bahay Ko” roadshow that brought together the representatives of the nation’s top property developers to key US cities in a bid to promote real estate development in the Philippines.