Boracay is a unique island. As a foreigner, you can avail of all the comfort of home: fast internet, HD satellite TV, fine wine, cold cuts and fine cheese. There are a large number of very good restaurants, bars, clubs. There is a large expat community and a new International school. Life is simple and luxurious at the same time.
For the owner who does not live permanently on the island, Property Management services are available. This means your villa is always looked after in your absence.
Boracay Real Estate boom started in 2006. Real Estate prices increased by over 50% in less than 2 years. In the second part of 2008, the prices stabilised as the number of buyers decreased due to the world economic crisis. The number of houses/condo/units for sale also decreased due to a moratorium on new construction permits.This was to upgrade the infrastructure of the island to accomodate all this expansion. From July 2009, we see an increase in buyers activity and the Real Estate value is already increasing in 2010.
Tourism on the island is also on the increase. Over 900,000 visitors are expected in 2011, a 15% increase from 2009. Boracay Island is becoming a sought after destination!