The article discusses the potential impact of allowing foreigners to own land in the Philippines, focusing on foreign direct investment and the real estate market. It emphasizes that 100% foreign ownership of land may not necessarily attract foreign capital and could have minimal impact on property values. Atty. Jojo advocates for a balanced approach, considering economic benefits and potential drawbacks.
Impact of Credit Rating Downgrade on a Country’s Economy and Real Estate Industry
This post emphasizes the significant impact of a credit rating downgrade on the real estate industry in the Philippines. It outlines how higher borrowing costs, reduced demand for real estate, liquidity constraints, and stalled development projects are some of the consequences.
Unlocking Success: Why Registering with the BIR is Non-Negotiable for New Real Estate Salespersons
The post outlines the requirements for new real estate practitioners to register with the BIR in compliance with the National Internal Revenue Code. It details the steps and documents needed for registration, emphasizing the importance of tax compliance and its impact on national development. Atty. Jojo stresses the significance of adhering to tax laws for new real estate salespersons.
Maragondon, Cavite: Unveiling the Hidden Gem for Real Estate Investment and Nature Exploration
Maragondon, part of Cavite's Metro Tagaytay, offers a rich mix of history, natural beauty, and cultural heritage. It played a significant role in the Philippine Revolution and features attractions like Mount Pico de Loro and Balayungan Falls. The municipality presents opportunities for real estate development, including heritage tourism resorts, agricultural estates, eco-tourism lodges, residential subdivisions, and commercial centers. Its unique characteristics make it an appealing investment prospect for 2024.
Reminders as 2024 Rolls In
The post emphasizes the importance of regulatory compliances for real estate service professionals, including the need for Professional Tax Receipts, BIR registration renewal, and DHSUD accreditation. Atty. Jojo, a real estate attorney and broker, urges practitioners to adhere to these requirements to maintain legal compliance and professional identity in the industry.
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