Nizam on Philippines property investment:

• (Nizam) Prop is long term investment. Wait 10Y and you are likely to see positive return.
• (Nizam) Local Income is low and rising
• (Nizam) Growing population
• Young population -> growing workforce, more families

Obviously your property should be reasonably mid-market. Luxury properties may have a low correlation with economic growth.

English speaking workforce is a good sign that the country is open and connected and ready to do business with the world. It also shows the education system is effective because it takes a lot of effort to train enough English teachers.

Foreign investment in infrastructure is another sign of confidence. However, I feel foreign property buyer would represent hot money which could flee.