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TheMoveChannel.com | Philippines Property News

Welcome to TheMoveChannel.com Philippines News Homepage, where you can keep up with all the latest Philippines property news, covering a range of property investment, real estate industry and personal finance news topics. If you like our news, why not sign up to one of our newsletters or RSS feeds and read it every day!

World's most dangerous tourist attraction

 

Desperate for an adrenaline rush, visitors are flocking to the site of one of the world's most active volcanoes - and risking their lives in the process - so just what is it about these danger zones that prove such a pull for the punters?...

The Mayon Volcano in the Philippines has been slowly erupting for the past two weeks and locals have been advised to steer clear. The majority of the villagers living in its foothills -some 50,000 people - have been evacuated.

But, whilst one lot of people head away from the danger, another group edge ever closer. In a bid to get close to the spectacular flow of lava emanating from the volcano, thousands of tourists have entered the area and local hotels are fit to bursting. More than 2,400 visitors are flocking into Mayon in Albay Province each day to watch the lava flowing from the volcano.

Latest Philippines News

Property investors, many of them from overseas, are continuing to buy in the Philippines despite rising prices, experts point out.

2011 was a landmark year for the Philippine overseas property sector according to a report this week from the country's BusinessMirror.

The Philippines-based developer Megaworld Corp has had an excellent 2012, emerging as the country's largest builder of residential condominium units with a massive pipeline in place for the next 5 years, according to research from the consultancy Colliers International.

House prices in the country are rising again, as buyers become optimistic about the Philippine economy.

The world's housing markets had a weak third quarter of 2011, according to the latest survey of worldwide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries (out of the 44 for which quarterly house price statistics are available) and rose in only 19.

The Philippines is a "fantastic" market for regional tourism, but it is still missing out on the opportunity to corner a large share of the market due to lack of intermodal transport accessibility, a visiting travel technology solutions expert said.

The real estate boom that the country has been experiencing these past few years is expected to continue through 2012, according to real estate advisory firm CB Richard Ellis Philippines.

The Philippino Bureau of Internal Revenue (BIR) upped its VAT thresholds this week on residential land and property transactions.

Paris Hilton has launched a beach club in the Philippines. The millionaire ventured into the real estate market last week, meeting with a developer in Manila to design a new a beach club.

Alejandro Doron, one of Manila's many dwarves, hopes to escape daily harassment and ridicule by starting a dwarf-only community on a plot of land in Manila

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