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Real Estate in Siargao Island, Philippines | Expat Exchange
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Real Estate in Siargao Island, Philippines

By Betsy Burlingame

Last updated on Nov 12, 2024

Summary: People living in Siargao Island, Philippines offer advice about real estate. How do you find a home in Siargao Island? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Siargao Island?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"To find a place to live in Siargao Island, you can start by researching online on websites such as Airbnb, Booking.com, and Agoda, where you can find various accommodation options like hotels, resorts, guesthouses, and vacation rentals. You can also join Facebook groups dedicated to Siargao Island, where locals and expats often share information about available rentals and accommodations. Another option is to visit local real estate agencies or ask for recommendations from friends or acquaintances who have visited or lived in Siargao. Once you have shortlisted a few options, make sure to read reviews and compare prices before making a reservation. If possible, visit the island and explore different areas to get a feel for the neighborhoods and find a place that suits your preferences and budget," said one person in Siargao Island.

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What is a typical expat home or apartment like in Siargao Island?

"A typical expat home or apartment in Siargao Island, is likely to be a comfortable and modestly furnished dwelling, often featuring a blend of traditional Filipino and modern design elements. These homes are usually constructed with locally sourced materials such as bamboo, wood, and nipa palm, giving them a distinct tropical island feel. They often have open living spaces, allowing for natural ventilation and plenty of natural light. Many expat homes also come with basic amenities such as a kitchen, bathroom, and one or more bedrooms. Some may even have a small garden or outdoor area for relaxation and socializing. Due to the island's popularity among surfers and tourists, it is also common to find expat accommodations located near popular beaches, surf spots, and local attractions," remarked one foreigner who made the move to Siargao Island.

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What is the average cost of housing in Siargao Island?

If you are thinking about moving to Siargao Island, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Siargao Island, can vary depending on the type of accommodation and location. For a budget traveler, affordable guesthouses and hostels can be found for as low as $10 to $20 per night. Mid-range hotels and resorts may cost around $30 to $60 per night, while luxury accommodations can go upwards of $100 per night. Long-term rentals for apartments or houses can range from $200 to $1000 per month, depending on the size and location of the property," remarked one foreigner who made the move to Siargao Island.

Should I buy or rent a home in Siargao Island?

If you have not spent a lot of time in Siargao Island, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Siargao Island, depends on your personal preferences, financial situation, and long-term plans. If you plan to stay in Siargao for an extended period and have the financial means, buying a home can be a good investment. Owning a property allows you to build equity, customize your living space, and potentially earn rental income if you decide to rent it out when you're not using it. Additionally, Siargao is a popular tourist destination, so property values may appreciate over time. On the other hand, renting a home in Siargao offers more flexibility and fewer responsibilities. If you're unsure about your long-term plans or don't want to commit to a large financial investment, renting allows you to experience living on the island without the commitment of homeownership. Renting also means you won't have to worry about property maintenance, taxes, and other expenses associated with owning a home. Ultimately, the choice between buying and renting a home in Siargao Island depends on your individual circumstances and preferences. Consider factors such as your financial stability, long-term plans, and desire for flexibility when making your decision," remarked one member in Siargao Island.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, 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.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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