Tag Archives: The Philippines

A Foreigner’s Guide to Property Loans & Financing in the Philippines

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Philippines is a one of the favorite spots among foreign retirees and investors who wish to buy property in Southeast Asia. It’s one of the fastest growing countries with a young population, we’ve seen many foreign corporations move in over the years.

When many investors look for property, they also want to know what financing options they have. Even if some are able to afford to buy property with cash, it can be a better option to leverage some of the money by applying for a loan.

In this guide, I explain what it takes to get a property loan in the Philippines as a foreigner.

Can foreigners get property loans in the Philippines?

It was virtually impossible for foreigners to get property loans in the Philippines previously. Similar stories have heard of in other developing countries like Vietnam and Cambodia, just to mention a few.

With an economy that’s growing with 7% yearly, and a property market that’s hot among foreign investors, banks have become a bit more relaxed and you have a handful of options to choose among in the Philippines. Unfortunately, many of the banks require that you have a visa status, where a tourist visa is not accepted.

Common visas (or residential status) accepted when applying for loans often include:

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Top Property Management Companies in the Philippines: The Ultimate Guide

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Philippines is becoming an increasingly popular destination for foreign investors. It’s not rare that Chinese investors buy as many as 50-100 units, some also decide to go for a handful of villas.

Naturally, you need a property management company that can take care of the properties for you. In this article, I list some of the most popular property management companies in the Philippines.

Introductory remark

The companies are listed in a random order.

Manila

Below I’ve listed property management companies located in Manila.

1. Santos Knight Frank

Santos Knight Frank was established by Rick Santos in 1994 in Manila as a full-serviced real estate agency. In 2017, the firm formed a partnership with one of the oldest and largest global real estate consultancy- Knight Frank and rebranded as Santos Knight Frank. The London-based consultancy has more than 400 offices in more than 60 countries. Santos Knight Frank has more than 1200 staffs on the team and was recently recognized as Philippines’ best real estate agency at the Asia Pacific Property Award.

Services offered

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Top Conveyancing Lawyers in the Philippines: A Complete Guide

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There are a number of conveyancing lawyers who operate in the Philippines, I bet they are (and will be) busy in the coming years, as the Philippines continue to be a sought after place for foreign buyers.

But there are many pitfalls you can stumble upon, hiring a local conveyancing lawyer should one of your top priorities. You rarely find summarized information about the top conveyancing lawyers, therefore I decided to write this article where I list some of the most popular firms.

Let’s take a look.

Introductory remark

The firms are listed in a random order.

1. Picazo Buyco Tan Fider & Santos

Picazo Buyco Tan Fider & Santos is a full service law firm based in Manila. The law firm was founded 25 years ago, and considered as one of the most well established law firms in Manila.

The team at Picazo Buyco Tan Fider & Santos consists of dozens of partners (31), special counsels, senior associates, and junior associates. In total, they have more than 50 lawyers.

The partners at Picazo Buyco Tan Fider & Santos are senior bar members, with co-founder Mr. Antonio A. Picazo also a member of Philippines bar since 1964. He also co-founded other law firms like Cayetano Bautista and Reyes in 1983 and worked as General Counsel at Union Bank of Philippines.

The company provide legal services to mostly corporate clients, as many financial institutions, large banks, real estate developers, and many other multinational companies are on their client list.

Services offered

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Top Real Estate Agencies in Manila: A Complete Guide

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Metro Manila is huge in terms of population and size, to many people’s surprise, Manila just make up a small part of this metropolitan area. With a rapidly growing economy, foreigners and especially Chinese investors are pouring in to buy properties.

You’ll be able to find most of the multinational and a number of local real estate agencies, who are ready to cater both locals and foreigners. It’s not rare that people buy a multiple amount of properties (referred to as bulk purchases), to compensate for lower rental yields.

In this article I list some of the top real estate agencies you can find in Metro Manila.

Introductory remark

The real estate agencies are listed in a random order.

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Top Real Estate Agencies in the Philippines: A Complete Guide

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Do you plan to buy property in The Philippines?
Click here to get in touch with an experienced agent

The Philippines grows fast and I often get calls from people who have either bought or are interested in buying properties there. You’ll be able to find a number of real estate agencies, both international and local, who help foreigners to find properties.

It’s not easy to find summarized information about their management, what properties and services that they provide, what achievements they’ve made over the years and more.

Therefore, I’ve written this article where I present some of the most popular real estate agencies in the Philippines. Let’s have a look.

Introductory remark

The real estate agencies are listed in a random order.

1. Marsh Real Estate Agency

Marsh Real Estate Agency was founded in 2007 and is run by Rossanna (Anna) Marie Nisperos (currently serving as Owner & CEO) and Douglas (Doug) J. Marsh (acting as COO and Managing Director).

Property types

Include both commercial and residential real estate, for example:

  • Condos
  • Apartments
  • Houses
  • Office space

Services offered

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Buying Property in Davao: The Definitive Guide

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The Philippines is on the rise and one of the fastest growing countries in Southeast Asia.

You’ve probably heard of Manila and Cebu, but there a number of other cities in the Philippines that grow even faster, where the real estate markets are pointing upwards.

A few people have heard about Davao, one of the biggest cities in the Philippines, where more and more investors and developers look for opportunities, maximizing yields and profits.

In this article, I explain the crucial information you need to know when buying property in Davao.

Davao real estate market

With an economic growth that’s been stretched to almost double digits, Davao is one of the fastest growing places in the Philippines, naturally, this has affected the property market positively.

Yes: the country’s economy is one of the regions fastest growing. And with much investment in infrastructure, the entry of foreign companies and a focus shifting from the capital Manila, smaller places like Davao, Iloilo and Bacolod will reap their gains.

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Top 10 Property Developers in The Philippines: A Complete Guide

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With a rapidly growing economy, the Philippines (and mainly Manila) has become a construction site, increasing the revenues for many local developers.

It doesn’t matter if you want to buy off-plan or a property in an existing project, it’s always important that you get a good knowledge about the biggest and most reputable developers beforehand.

Problems with financing, late completions or developers who delays submissions of ownership certificates are some issues both you and I want to avoid.

In this article, I present the biggest and most reputable property developers in the Philippines.

1. Ayala Land, Inc.

Ayala Land, Inc. is one of the largest and fastest growing real estate developers, with its headquarter located in the famous business district, Makati.

It’s a real estate division of Ayala Corporation, which is a century-old company, but have operated independently since 1988. So: they have a long history and experience under their belt.

In 2016, it was the second largest in terms of yearly revenue and its net income reached almost PHP 21 billion (around USD 400 million). That’s a 15% increase compared to 2015, these numbers speak for themselves.

Property types

Ayala Land is involved in land bank management, build and manage shopping centers, hotels and resorts.

Most importantly, they also build many residential buildings, focusing on condominiums and housing projects.

Prices & areas

a. A house in Anvaya Cove (Morong) is available for PHP 6 million (around USD 120,000) and more

b. A condo in Arbor Lanes in Taguig is available for PHP 13 million (around USD 250,000) and more

c. A lot in Elaro in Calamba is available for PHP 15 million (around USD 300,000) and more

d. A house with lot in The Courtyards is available for PHP 20 million (USD 400,000) and more

Current projects

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How to Buy Property in Palawan: By Jonabe V. Daquer (interview)

Suggestion: Watch the 5 minutes video tutorial before reading this article

Palawan is one of the most beautiful islands in the world, located in the Western parts of the Philippines.

As many retirees, especially from the US, decide to go to the Philippines, Palawan is definitely a point of interest.

Here, you’ll not only have the option to buy a house, condo or land, but also parts of islands (sounds amazing, right).

Today, I have Jonabe V. Daquer with me, the founder of Palawan Real Property, to explain the details you need to know before buying property in Palawan.

It’s one of the biggest real estate agencies in Palawan that helps both locals and foreigners.

Jonabe, can you tell us about yourself and your current business in Palawan?

Yes, I’m Jonabe V. Daquer, 32 years old, a licensed real estate broker and founder of Palawan Real Property. I was born and raised here in Palawan and I lived here my entire life. I’m in love in this place because it’s a paradise!

I started the business with my brother, Jeb and my common law husband, Voltaire. We built this Real Estate Agency to help clients get the property they need, reduce hassle, making the purchase headache free.

My mother is the one who thought me the real estate industry and she is part of the team as a consultant for property documentation. At the time we started, basically no one had an office to help clients not only to buy properties, but sellers who wanted to sell their property.

So, that’s how Palawan Real Property was born.

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Buying a Condo in Cebu: A How To Guide

Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in The Philippines?
Click here to get in touch with an experienced agent

If you ever plan to visit the Philippines, you’ll probably see that Manila, Palawan (El Nido), Cebu and Boracay are the most popular areas.

The 1st choice for many foreigners is Cebu.

Compared to Manila, Cebu has 167 islands located in the region, making it a great place for scuba diving, golf and other activities.

There are also many direct flights from countries like Korea and China.

Many cities in Cebu are urbanized, developed and caters locals and foreigners who are engaged in commercial trade and other businesses.

It’s “cleaner” and more relaxed, suitable for families, retirees and people who want to be close to the golf courses.

Not to neglect, Cebu has the biggest harbor after Manila and many travelers need to make a transit here, before continuing to any of the beautiful islands in the region.

Thanks to this, Cebu offers a great amount of condos to foreign buyers.

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Buying a Condo in Manila: A Complete Guide

Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in The Philippines?
Click here to get in touch with an experienced agent

The economy is growing fast in the Philippines, not to forget in Manila.

With a rapidly increasing population and a middle class that’s growing, there will be a bigger demand for property as well.

As the property prices surge in other states and cities in the region, foreign investors from mainly Singapore, Hong Kong and Mainland China have decided to buy a Manila condo.

A big chunk of Americans has also understood that they can enjoy a great quality life in this city.

With cheap dining, shopping and close access to beautiful islands and golf courts, it’s not hard to understand why.

In this article I explain how you can buy a Manila condo.

Manila’s property market

While landed houses are a common option in other Philippine regions, condos are outperforming the other property types in Manila.

You’re probably most interested in condos too, as foreigners aren’t allowed to own land in the Philippines.

The fact is that many foreigners seek convenience and a place to store some of their savings, making a condo purchase the number one option.

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