Thailand
Ease foreign ownership rules
Ease foreign ownership rules
THURSDAY, 30 JUNE 2016 – A relaxed foreign ownership rule needs to be implemented for the Philippine property sector to benefit from the Brexit victor, a real estate analyst said.
In a text message, KMC Mag Group head of research Antton Nordberg noted a possible capital spillover to emerging markets, including the Philippine, as Britain leaves European Union (EU).
“. . . After the investors have reassessed the current situation, I believe there will be more capital spillover moving to emerging markets such as Philippines,” Nordberg said.
In a research note, Colliers International Asia said the Brexit victory would probably make Asia Pacific (APAC) investment properties more attractive.