What do I need to know when buying property in Philippines?
When we asked expats what advice they would give a foreigner before buying a property in Philippines, they said...
"Research on the ground. Listen for dogs next door (oh there will be!). Roosters (not if but how many and how far away!?). Obviously crime (Iloilo is very cool in that department). Use a lawyer, check title, make sure you are buying in the name of a Filipino (foreigner cannot own land here which is why they can own condos). DO NOT expect the process to be fast or "like home". You aint in Kansas Toto," explained one expat living in Iloilo, Philippines.
"Live in the Philippines a minimum of ONE YEAR and be certain this is for you before making any decisions. Personally, I have been here 3 years plus and have not yet made that leap of faith of making a purchase. My sense is that contrary to the propaganda of a booming world economy, reality and basic economic math, relative to national debt levels says this is the crest of the wave, beware the forthcoming financial tsunami," said another in Palawan, Philippines.
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It's impossible to confuse citizenM with any other hotel. We don't look or sound like anyone else. Bold, vibrant, and artistic - that's us. Our rooms cater to modern travelers - enormous ultra-comfortable beds, unlimited free Wi-Fi and 24/7 food and drinks always waiting at canteenM. And best of all, our ambassadors are every guest's best friend.
CitizenMIt's impossible to confuse citizenM with any other hotel. We don't look or sound like anyone else. Bold, vibrant, and artistic - that's us. Our rooms cater to modern travelers - enormous ultra-comfortable beds, unlimited free Wi-Fi and 24/7 food and drinks always waiting at canteenM. And best of all, our ambassadors are every guest's best friend.
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Other Questions:
- What do I need to know before retiring in Philippines?
- How do I meet people in Philippines?
- What is life like in Philippines?
- Is there a lot of crime in Philippines?
- Is there a lot of diversity? Are people in Philippines accepting of differences?
- What are the schools in Philippines like?
- Is the cost of living in Philippines high?
- What advice do you have for expats having a baby in Philippines?
- What are healthcare services like in Philippines?
- Is the cost of living in Philippines high?
- What type of recreational facilities are in Philippines?
- What is the weather like in Philippines?
- Are there good restaurants in Philippines?
- Where will I buy groceries and do other shopping in Philippines?
- What are the visa & residency requirements in Philippines?
- Are healthcare and health insurance expensive in Philippines?
- What do I need to know when buying property in Philippines?
- Are foreigners allowed to own property in Philippines?
- What appliances are typically included in a rental?
What do I need to know when buying property in Philippines?
If you live in Philippines, newcomers to Philippines would love to hear your answer to this question:
About the Author
Betsy Burlingame is one of the founders of InternationalTravel.ai and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and InternationalTravel.ai, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
