For most foreigners who want to live in the Philippines, they rent the house or apartment they live in. Since the law does not permit a foreigner to purchase real estate, renting is the most common way to go. Yes, if you wife is a Philippine Citizen you can legally purchase property in her name, […]
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.
A few years ago I had an interesting experience when renting a house. I got angry about the way the whole thing went down, but in the end, I learned a number of important lessons that I need to remember in the future. Let’s have a look at how the whole thing went down. After […]
Today, I learned something very important. It is also very good news from my perspective. We have talked a number of times on this blog about the (in)ability of foreigners to own land in the Philippines. It has always been my understanding that under no circumstances can a foreigner own land in the Philippines. The […]
Do you ever dream of owning your own island? Imagine living out in the middle of the ocean with no neighbors within earshot! Of course, any person who has a love for the island, for the tropics and such have all had this thought at one time or another in their lives, right? I know […]
As many of you may have seen a few days ago, when I made a post on the blog about housing options the question came up about how to control squatters if you buy property and are not present in the Philippines. Well, I am certainly not an expert, but let me tell you about […]
I got a question in my e-mail box this morning, and it is one that really fits in with this blog. Let’s take a look and see what the e-mail said: Hi Bob – my wife and I were planning to move to the Philippines and rent a house there, maybe buy one later. A […]