Property and Real Estate

For savvy investors, choosing the right beach front property can pay big dividends. Many professional scuba divers know where to look for suitable properties to invest in since they had been to these places in their numerous dives. The ideal real estate should be close to swimming areas where local and foreign tourists like to spend their vacations. This way, offering scuba diving lessons or snorkelling lessons to beginners is just a logical step for budding entrepreneurs. Beach front properties no longer come cheap nowadays due to demand from investors and hoteliers alike. Famous resort islands such as Boracay in the Philippines saw real estate prices go up steadily.

Dream House

There are many foreign nationals who had invested heavily in Boracay Island. This is because of the island’s fine white sand and good diving sites nearby. In fact, Boracay is third only to Phuket in Thailand and Bali Island in Indonesia in terms of popularity. A lot of foreign tourists who visit the Philippines make it a point to hop to Boracay during their stay in the country. However, it is good to seek legal advice before buying beach front properties because most shoreline properties are considered inalienable and therefore not for sale. They can be occupied through long-term lease contracts with the local government unit in the area in addition to seeking approval from central authorities that issue environmental clearance certificates (ECC). This certificate is to show that structures do not harm the environment and that environmental protection laws are being followed.