Not only is the Philippines being Southeast Asia’s second most populous country with over 100 million people – it’s also among the region’s fastest growing.

Because of this, the nation will see its economic and political sway rise more than perhaps any of its neighbors. Investors are flocking to the Philippines to profit from its immense growth potential.

Why should you buy real estate in Philippines? First, they enjoy a rare combination of skilled, English-speaking labor and lower wages.

Multinational firms can hire English-speaking workers while spending less here than almost anywhere else on the planet.

This has led to foreign business choosing to invest in the Philippines property market over other countries in Asia. Especially tech firms looking for English-speaking support and call center staff.

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Vietnam, for example, also benefits from its low wages as China’s increase. Yet their talent pool isn’t as vast nor as fluent in English when compared to the Philippines.

Secondly, the Philippines sees an unusually high amount of offshore remittances. Many skilled English-speaking workers have successfully found employment in higher-paying countries such as the United States and Australia.

These overseas foreign workers (OFWs) send money back to the Philippines every month to help support their families, which, in turn, also helps boost the local economy.

Last year, a record of approximately US$40 billion was sent from these overseas workers into the Philippines. That is certainly not a small amount and is considered a lifeline that helps millions of families in the country stay afloat.