The Philippines are not the first choice for many when it comes to buying property, but the South East Asian nation is something of a hidden gem for potential off plan investors. The lack of huge tourism in the region, coupled with a strong, growing economy has left the country in the ideal position for a buyer to put their money into it – prices are still low, especially when compared to those in nearby countries, and the potential for returns on investment are fairly high. The country itself is one of stunning beauty, and the friendly people, low cost of living and great local cuisine just add to the list of reasons why the country should at least be looked at.

Manila is a bustling, hectic city and as such is one of the most popular to move to for both foreigners and Philippine natives. As a result, property here is more expensive than elsewhere on the islands – having said that, prices can be surprisingly low, with some decent flats in the city going for as little as £65,000 ($130,000). Whilst many of the properties are unlikely to be bona-fide bargains, they are certainly low in price and the potential to find a real gem is there. Elsewhere in the country property prices are generally lower, and the popular island of Cebu offers some wonderful opportunities at less of a cost than Manila’s properties.

Whilst the country isn’t totally politically stable, it is on track, and the economy has been strengthening with each passing year. Properties around the islands have seen huge growth in value, and the market is now worth billions of pesos – a great deal more than it was just a few years ago. With affordable prices, the Philippines offer a huge opportunity for any potential off plan investor looking to put their money into South East Asia. Those who cannot afford somewhere like Thailand, but still want to put money into the region should certainly look to these 7000-plus islands for inspiration.