Previously, investors flocked to buy beach properties on Phuket and Bali but now, as one of the most beautiful beach destinations in the world, Boracay real estate is on the rise amongst astute international investors.
Once a sleepy paradise with little more than a handful of ramshackle beach huts, Boracay has grown into a stylish tropical retreat. It has become one of Asia's hottest holiday destinations, attracting a global mix of visitors to its idyllic shores. A gem of an island, Boracay was named Best Asian Beach Destination in TripAdvisor’s Travelers' Choice Awards 2014.
Boracay’s attractiveness lies in its incomparable beauty, with gorgeous white powdery sand beaches, clear aquamarine waters, swaying palms, and water sports such as scuba diving and kite boarding. There are also wonderful restaurants, a vibrant nightlife and a world-class, 18-hole par 72 golf course designed by Graham Marsh.
A good Boracay property is ideal as an investment because of growing tourism demand.
Enjoying a year-round tourism season, Boracay is the jewel in the Philippines' tourism crown. The unspoilt tropical island attracts discerning international visitors, as well as the wealthy and ever-growing group of middle class Filipinos – primarily from Manila, which is just 45 minutes to an hour away by air – who visit the island several times a year on public holidays.
Boracay’s Caticlan Airport offers many regular daily flights to Manila, while a second island airport, Kalibo, has direct services to Singapore, seasonal flights to Hong Kong and daily charters to Korea, Taiwan and China. Europe and America have direct flights to Manila and from there the journey to Boracay is a short and very convenient 45-minute flight. Island airport modernisation is in the works with new and frequent flights expected in early 2016 between Boracay and Shanghai, Seoul and Tokyo.
The increased ease of access to Boracay will have a significant effect on tourist numbers. Arrivals in 2014 totalled 1.4 million and this figure is expected to reach three million once expansion facilities are in place.
Add this unprecedented influx of well heeled leisure seekers to an island that is already maxed out for a decent proportion of the year, and add on top of that an already acute shortage of luxury accommodation along with competitive prices, and you have a very compelling property investment proposition.
The time is regarded right for investment into Boracay property for sale – the island is well established with a very well established tourism track record, and yet real estate prices have yet to take into account the island's transition to a luxury second home destination complete with an international airport.