Burris Cummings

Beth Collingz, Overseas Sales Director, PLC International Marketing Networks, whom are the lead marketing partners for the Lancaster Make of Condotels in the Philippines, said the amount of people buying abroad increases by around 30 % in the autumn months.

We have this pattern of seasonal activity within the overseas property market during the last couple of years particularly from UK market. Statistics from UK Estate Agents confirmed that from 2004 and 2006 the amount of British individuals who owned a second home abroad soared from 550,000 to 800,000. With a further 5.5 million Brits believed to be planning to live abroad, UK buyers are increasingly being persuaded from the different countries, routines and often increased standard of living that other countries, such as the Philippines, can provide said Collingz

Collingz said historical sales figures show the number of people buying property in the Philippines has a significant peak in the early autumn as many people use their summer vacations to hunt for their ideal second house. Interest in buying abroad can easily enhance after having a couple weeks back in Europe as the days shorten and the temperature takes a turn for the worse. PLC has been expecting the arrival of the British overseas house customer in the Philippines and sees the UK market, instead of the US, as the place to sell their Condotel products over-the next 6 months. Our PLC Worldwide property site has observed enhanced traffic for September from UK consumers and estate agents who want to obtain or market our Lancaster Brand of Condo Hotel bedrooms to your UK market.

UK Tax Payers will also be taking advantage of tax incentives and Trading their Self-Invested Pension Plan [SIPP] In Philippine Condotel Investment Real Estate for Retirement and Rental Income. Collingz explained that the Self Invested Pension Plan [SIPP] is a personal pension plan but with one very important difference: government is distinct from investment material, providing the plan owner freedom to change the assets within it and choose for herself. The long-awaited regulations about what savers may include in their individual pension plans were introduced in April 2006 by HM Revenue & Customs. The Guidance Notes confirm that the Self Invested Pension Plan [SIPP] allows members to invest in hotels such as the Lancaster Make of Condo Hotels in the Philippines. The only condition is that SIPP members might not remain in their areas