
According to a Reuters Real Estate report, the number of Philippines properties being bought by Filipinos based in the U.S. and other countries has began to fall because of U.S. economic woes, but development continues to grow, as the shortfall is picked up by increasing sales to Filipino's from within the country.

As everywhere in the world, the credit crunch causes most people in most countries to tighten the grip on their pockets, the Philippines, well to be honest, Manila, money is being thrown about by the million.