In a recently published job survey by recruiting consultancy firm Poolia Parker Bridge, a shortage of qualified accountants was revealed throughout the United Kingdom. Accounting firms and other companies that hire qualified accountants revealed that while their initial recruiting efforts begin in the United Kingdom, the shortage of accounting professionals has required international graduate recruiting. Over the last five years, the number of accountants from continental Europe, North America, and Africa have increased steadily.
The reasons for this shortfall of accounting professionals are plentiful but complex. One of the main reasons why accounting graduates have decreased over the last five years is a response by university students to the post-9/11 downsizing of positions in accounting firms. Firm managers and executives felt that an economic recession was imminent following the terrorist attacks, requiring a preemptive move to save money. The resulting lack of positions resulted in an overabundance of accounting graduates who flocked to investment banking firms and financial companies who could use their skills. Accounting firms have had difficulties aligning their placement needs with a proper amount of regional university graduates.
The aforementioned move of accounting graduates toward investment banks and firms was due to more than the lack of available positions in accounting firms. The attraction of working for an accounting firm has decreased with increased corporate oversight, overreaching government legislation, and ramped up competition with other firms in the United Kingdom. As well, the wages and benefits provided through investment banking positions are often 25 to 50 percent higher than the average starting wage of 48,000 pounds per year at an accounting firm. While demand for jobs in accounting companies have decreased, positions in the investment and financial fields have become much more abundant.
Accounting firms that were part of the Poolia Parker Bridge survey have taken measures to increase the pool of qualified accountants available for their open positions. These firms have decided to expand their services from simple transactions to services like acquisitions and consultancy. This move is not only to attract creative and talented accountants who may be bored by the humdrum life of regular accounting but to expand lucrative corporate accounts. As well, accounting firms have expanded their recruiting efforts into broader financial fields with an eye toward training graduates in accounting. However, most accountants would agree that it takes at least six years of training and experience to become comfortable in the accounting firm environment. For this very reason, the most effective tool for accounting firms to keep their rosters full is to provide incentives and pay raises to current staff.
Beth Collingz, of PLC International Marketing Networks, Lead Marketing Partner with Pacific Concord Properties Inc., whom have Condo Hotel or ?Condotel? developments in the Philippine, and whom specializes in working with international clients in a recent conference with UK Investors held in Cebu, said: Since the Dollar value depreciated and UK Pound Sterling hit 92:1 on the Philippine Peso, my phone has been very busy with buyers from the UK interested in purchasing investment properties and holiday homes here in the Philippines.
A lot of this interest is being driven by relatively cheap market prices in the Philippines compared to Europe, especially UK Housing prices, and easy payment options available for our Condotel Developments, but there are other factors, too. Offshore Property Investors, Foreign baby boomers as well as overseas Filipinos, are looking for ways to maximize their return on investments as they approach retirement, and so are purchasing second homes, particularly Condotel Investments where they can use the Condo for vacations and rent it out through In-House Management when not using the unit thereby gaining rental incomes that on today's purchase prices, give a projected ROI on their investments of some 8-16% depending upon the mode of payment for the unit
Collingz, who also runs PLC Global Pinoy, an internet based marketing network specializing in Condotel Investments, indicated more than 85% of all sales in Metro Manila were to international clients. These international buyers know it's a buyer's market in the Philippines right now - there are a lot of properties available and fewer local buyers, Collingz said. I'm working with clients who are purchasing their second property with me. We also have referrals from many of our prior customers and new clients who have found us through our Web sites, lancastersuites.com and plcglobalpinoy.com which include a special section for international buyers
Another major driving factor in overseas property investments from the United Kingdom is UK Tax Payers taking advantage of tax incentives and Investing their Self-Invested Pension Plan [SIPP] In Philippine Condotel Investment Real Estate for Rental Income and Retirement said Collingz.
A Self Invested Pension Plan [SIPP] is a personal pension plan but with one very significant difference: administration is separate from investment content, giving the plan holder freedom to choose for himself and change the investments within it. The long-awaited rules on what savers can include in their personal pension plans were unveiled in April 2006 by HM Revenue & Customs. The Guidance Notes confirm that the Chancellor is permitting Self Invested Pension Plan [SIPP] holders to invest in hotels such as the Lancaster Brand of Condo Hotels in the Philippines. The only stipulation is that SIPP holders may not stay in their rooms. With more nights available for paying guests, this not surprisingly increases the room owners' returns. It is estimated there are now more than 70,000 plans holding over ?14bn.
A year or so ago, few people in the UK realized that they could manage their Pension Plan portfolios themselves, and even fewer knew that they could invest their SIPP retirement money in homes in the sun which now prove to be among the most popular potential investments to include in a SIPP
If you're considering using your SIPP to invest in real estate, there are some excellent reasons that you should choose Philippine Condotel Investment real estate to drive your retirement portfolio into high profit margins. The Philippines is ideal for this type of investment because a SIPP can establish title to a property in a country whose legal framework recognizes trusts and a SIPP is simply another form of trust.
Investing in foreign real estate is neither as risky nor as tricky as a lot of people would have you believe. While land and housing prices in the U.K. have soared astronomically in the past decade, the world real estate market is a far different story. It's still possible to buy a preconstruction Condotel suite at Lancaster The Atrium located in Metro Manila, Philippines, for less than GBP ?25,000.00
?The beauty of holding property in the Philippines is the low cost of property taxes and maintenance. A GBP ?25,000 Condotel suite will only set you back GBP ?100 in property taxes per year, and maintenance costs are similarly low. When you add in the tax-protected status of investments made in your SIPP, annual off plan property appreciation and the 8-16% returns through rental income through the Condotel advantage, you have an incredible ROI on a purchase of Philippine Condotel investment real estate enthused Collingz.
With preconstruction property in the Philippines appreciating at some 20% per annum not only do real estate investments look good but the rental income return in the Country is in excess of what many Pension Plans offer for the same or similar investment.
Many new investors are looking to replace failed pension plans and other future saving schemes with a solid investment in Real Estate. Clients are looking for investments that will give them an income for retirement as an alternative to traditional private pension plans that have failed. Most company pension plans are insufficient as are Government Pensions. Bank rates for Savings accounts are at record lows. Savvy investors are now looking for a more solid investment with potential for monthly income. Condotels in the Philippines fit the bill
This potential, high rates of rental returns from Condo Hotel Investments, up to 16% per annum, opens up a huge market not traditionally looked at by Real Estate Agents and Brokers whom all so often run around looking for normal residential profile buyers without looking at the by far bigger picture of investments, investing and retirement. "We're here to help our clients and advise them of emerging investment opportunities in the Philippines. Self-Invested Pension Plans and Lancaster Condotels, fit this bill exactly; adds Collingz.
Pacific Concord Properties, Inc., Flagship Lancaster Condo Hotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, is currently one of the hottest Condotel Investments in the Philippines. Lancaster - The Atrium is accepting Reservations for Studio, One, Two & Three Bedroom Suites adopting International Standard Escrow Trust Account Buyer Safe Easy Secure Payment Plans with 6 year interest free payment terms or up to 12 year "In-House" financing available, full condo ownership and minimum monthly maintenance fees, you really should take a moment to look at this Philippine Condotel Investment Opportunity said Collingz.
Both Rupal Patel & Plcmarketing are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Rupal Patel has sinced written about articles on various topics from Real Estate, Sales Training and Keyboard Synthesizer. Rupal Patel is the Marketing Manager of JustClick, the leader provider of .. Rupal Patel's top article generates over 14800 views. to your Favourites.
Plcmarketing has sinced written about articles on various topics from Banner Advertising, Investments and Property Investment. Further info regarding Condotel Investments in the Philippines, Lancaster Suites currently available suites, price and terms of payment can be found on the firms website.PLC International Marketing NetworksPacific Concord Properties Inc., Head OfficeShaw. Plcmarketing's top article generates over 74000 views. to your Favourites.