Suggestion: Watch the 5 minutes video tutorial before reading this article
The Philippines has become a preferred destination when foreign investors buy real estate in Asia. It’s not strange as it has low living costs, cheap real estate, many long-term visas, and a quickly growing economy with preferable demographics.
Still, investing in real estate in a developing country like the Philippines always bring some risks. You must have a good knowledge of local regulations beforehand.
In this article, you’ll learn about foreign property ownership regulations, property taxes, visa options, and which places should be of interest when you buy real estate in the Philippines.
Can foreigners buy property in the Philippines?
The Philippines is similar to other Southeast Asian countries in terms of foreign property ownership. Here, individuals can buy and legally own condominiums and houses, but not the land that these structures are built on. Simple as that.