The U.S. real estate market may be struggling, but the market remains very healthy in other parts of the world. For instance, Ayala Land in the Philippines reported a 24% rise in quarterly profits as the robust economy drove home purchases, according to the GMA Network.
The Philippines is currently one of the fastest growing economies in Southeast Asia, with an annual growth rate of 6.1% during the first half of the year. These results were driven largely by strong private and public consumption that helped boost the service sector.
Investors looking to capitalize on this growth may want to consider the iShares MSCI Philippines Investable Market Index Fund (EPHE).