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Philippines has become a prime destination when investors buy real estate in Asia.
It’s not strange as it has low living costs, cheap real estate, a number of long-term visa options, a quickly growing economy, and promising demographics. Yes, it almost sounds a bit overwhelming.
Still, buying real estate is one of the biggest decisions people make and always come with some risks. This is especially the case for developing countries where laws can be fuzzy and change fast.
Thus, it’s important that you have a good knowledge about local regulations beforehand.
In this article, you’ll learn about foreign property ownership regulations, property taxes, visa options, and which places that should be of interest when you buy real estate in the Philippines.
Can foreigners buy property in the Philippines?
Philippines has many similarities to other Southeast Asian countries in terms of foreign property ownership regulations.