A huge 97 per cent of Filipinos quizzed in a new survey said they were optimistic that the quality of life in their home country is going to improve.
The findings of the survey, which was conducted by New Perspective Media, organisers of the annual Philippine Property and Investment Exhibition, come just days after a special report by 7DAYS revealed that the majority of Filipinos in the UAE feel new president Rodrigo Duterte is doing a good job.
The Philippines was the second fastest-growing economy in Asia in the second quarter of 2016, growing by 7 per cent compared to the same period last year, followed by China (6.7 per cent) and Vietnam (5.6 per cent). India registered the highest growth at 7.1 per cent.
In the new survey, 1,000 respondents were questioned, with 90 per cent saying now is the best time to invest in Philippine property. Property topped the list of preferred investments for 80 per cent of the respondents, while 20 per cent opted for the stock market, business start-ups, mutual fund, bonds and other investments.
Further, 97 per cent of respondents said they expect the quality of life in the Philippines to improve. Asked to describe the investment and business environment in the Philippines, 93 per cent said the situation is improving, two per cent said it is deteriorating; and five per cent said they do not see any change.
Karen Remo, Managing Director of New Perspective Media, said: “A vast majority of the Filipinos in the UAE are confident in the improving investment scenario in the Philippines.
“This is an affirmative boost to the new administration of the Philippines as the economy’s growth registers stellar performance in recent months. Our survey supports the increasing appetite of the Filipinos and the international community to invest in real estate.
“This is in response to the positive forecasts of good investment returns in the Philippines, which is now being considered the Asia’s rising tiger.”
The Philippine Property and Investment Exhibition will be held on September 23 and 24 at the JW Marriott, Dubai.