Boracay, Philippines Condotels
Having a property in Boracay is just like owning a piece of paradise. Boracay is one of the top tourist destinations in the whole of the Philippines. It also debuted at the number four spot in the finest beaches in the whole world. According to statistics there has been a significant increase of fourteen percent in the current year. This alone proves that the tourism in Boracay continues to thrive. Tourism is the main source of income for the province. This fact alone makes Boracay investments lucrative.
There are many properties in Boracay that people can invest in and they are guaranteed to be profitable. There are lands, commercial properties and condotels that people can consider buying for they are not just profitable but they are also a part of the paradise Boracay. Many people choose to have their vacations, birthdays, wedding and even their honeymoon in this island for it offers untouched and non-commercialized nature. Although there are a lot of businesses, accommodations, bars and restaurants found here, they had to go through the Department of Environment and Natural Resources that protect the Boracay surroundings. There a number of condotels that people who would want to invest can buy.
What is a Condotel?
A condotel is basically a hotel with condo units available for people who would want to would want to have full-service vacation home. When it is not being used by the owner, the hotel can have it rented out as one of the rooms according to the marketing and management. Owning such condo unit in the hotel is an investment which can be likened to buying stocks that pay dividends. Depending on the how many units you purchase or the dollar amount that you invest will receive a percentage of profits from the whole hotel or resort. Investors will earn a percentage of the profit of the whole resort whether the room is occupied or not.
Boracay is a small island with a real estate market that is booming. This real estate market has proven to be stable an unaffected by outside markets. People who are looking for a safe investment may be happy to take on buying a condotel in Boracay. Imagine having your own piece of paradise that will earn you profits whether your unit is occupied or unoccupied. You may take advantage of saving money for accommodations during your vacation and earn while you are away.
There are tourists who come to spend their vacation on the island whether it is the peak or the off-peak season. The tourism industry alone here demands a great number of lodgings to accommodate the visitors. When the owner is not one the tourists who demand such housing, other tourists will surely occupy your condo unit in the hotel. Many tourists are also looking for a full-service room. This is especially true for families, groups or wedding entourages who are going to stay in Boracay. This enables the investor to earn back the money spent on such investment in a short amount of time. This will give such investors a positive return of investment. So the question now is, why not get your own piece of the Boracay paradise and earn while you’re away?
Category: Boracay Investments
