In my years of living in the Philippines, I had never heard much about banks giving mortgages, so I assumed that they were quite rare. I knew that they did exist to a point, because if you go in local bank branches they always have a bulletin board with lists of houses that have been […]
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.
Yesterday I had the pleasure of meeting a reader of this site for lunch. For now, I am not going to say his name, since I want to write about our conversation a little bit. Also, I want him to realize that I am not being critical of him at all, but rather just wanted […]
Ok, so yesterday in part 1 of this 2 part series, I told you about how we have moved between a number of different locations in General Santos and Davao since living in the Philippines. I explained to you why I thought that renting was a good idea, and I also told you that in […]
On this blog, I have long advocated renting your house first when you move here. Why? Isn’t it a waste of money to rent? Actually, it is not, and we’ll talk about that later in this post. But, putting money issues aside, do you realize how advantageous renting can be? It can really give you […]
Documentary Changes to Deeds of Sale for Foreign nationals who jointly purchase real easte with Filipino Citizens Bob mentioned recently some really good news about visa issues, I just wanted to tell you about something I saw recently, I was only just made aware of this, the documents for our land title have recently been […]
On this blog, I have long advocated that you should move here, rent a place for a period of at least a couple of years, and don’t make a major commitment until you have time to adjust and evaluate your preferences. Heck, you may well decide that this place is not what you expected and […]