Philippines Ranks As One Of The World’s Top Retirement Destinations

It was said that it’s more fun in the Philippines and it was proven because not only the young tourist who are seeking for adventure who come but also for the foreign retirees who is trying to have privacy in their old age.

Ireland-based website International Living  has ranked the Philippines 15th place of 22 for the World’s Top Retirement Havens for 2013 with the score of 79.5% in the Retirement Index.  This score is based on their eight categories which are so essential for retirees, including discounts and other benefits. Residential real estate, retirement benefits, entertainment and amenities, ease of integration, cost of living, health care, climate and retirement infrastructure are also included. In their previous list, there were only 19 countries and the Philippines is not included.

BPO as the Property Driver in Philippines

The Business Process Outsourcing (BPO) industry in the country is continuing to rise, and  demand for commercial and office space is also growing.

Vice President Jejomar C. Binay, chairman of the Housing and Urban Development Coordinating Council (HUDCC) said that they expect the Philippine real estate firm to rise  further because of the BPO industry’s speedy growth and of course there will also be demands for residential units that are close to employment sites.