Ongoing Saga of our Davao Lot Continued from the previous article. When we finally got over there to inspect our lot and find the corner survey pegs, it was time to set out for the house we had planned. The logic of the larger than usual lot came to light when it was decided that […]
Property Ownership in the Philippines
A big discussion on this website over the years has been focused on whether it is best to buy property or rent property when living in the Philippines. There are advocates for either side of the argument.
Foreigners are not allowed to own real property in the Philippines. So, you cannot buy land here if you are not a Natural Born Philippine Citizen. Now, if your spouse is a Filipino, then you can own a house here, although it will not be in your name, only in your spouses name. That can present an entirely different set of problems, but does offer a potential solution.
Foreigners CAN, however, own a condo unit, so that is another thing to keep in mind.
On the other hand, rental prices are very reasonable in the Philippines, so you can often rent for less than buying.
The archived articles below explore the subject and will help you understand the dilemma.
If you are looking for property rent or to buy in the Philippines, you can check our Real Estate Section to find the property that is right for you.
Today we have a Guest article which was submitted by Nick Young. Nick submitted this article using our Article Submission Form. If you would like to submit an article, please use the form and we’ll be glad to publish your article on the site too! I call it a saga because it has been a saga and it […]
I’m going to assume there are none, and with that I have no problem. But it just doesn’t seem to matter to anyone, The rich guy builds the nice place with all the Pinoy Gingerbread decorations and the house next door is an unpainted square hollow block home yet they are neighbors who still get […]
It was a long hard road, but we found a house to move into. The house we first found when we came here was a good home for a time, but we quickly realized that it was simply too small for our lifestyle. Could we change our lifestyle? Sure, but why should we if it […]
My wife and I have been looking for a new home to rent. The one we live in now is ok, but it has some issues that, over time, cause us grief unnecessarily. The house we are currently renting is elevated due to being in a lower area. When it was built, rather than having […]