INVESTORS are bullish on the Philippines and its property market as it is seen as a safe haven amid geopolitical and economic challenges in other parts of the world, according to Santos Knight Frank Chairman & CEO Rick Santos.

Santos Knight Frank recently launched in the Philippines The Wealth Report 2019, the flagship publication of the company’s global partner.

According to The Wealth Report, Manila outperformed 99 other markets on the Prime International Residential Index with 11% growth in prices last year.

Knight Frank’s commercial real estate research noted Manila has a competitive edge in office lease rates across Asia Pacific, having one of the lowest gross effective rents during the early part of this year.