Real Estate in Malapascua, Philippines
Last updated on Jul 05, 2023
Summary: People living in Malapascua, Philippines offer advice about real estate. How do you find a home in Malapascua? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Malapascua?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Malapascua involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a simple room in a guesthouse to a luxury villa. Next, you should research different areas of Malapascua. The island is small, but the atmosphere can vary from one area to another. Some areas are more touristy, while others are quieter and more residential. Once you have an idea of where you'd like to live, you can start looking for specific accommodations. Websites like Airbnb, Booking.com, and Agoda can be useful for this. They allow you to filter results based on your preferences and read reviews from previous guests. If you're planning to stay for a longer period, you might want to consider renting a house or apartment. Websites like Lamudi and Dot Property list long-term rentals in the Philippines. Another option is to contact local real estate agents. They can help you find available properties and negotiate the rental agreement. Visiting Malapascua in person before you move is also a good idea. This allows you to see different areas and properties for yourself. You can also talk to locals and expats about their experiences living on the island. Finally, once you've found a place you like, make sure to thoroughly read the rental agreement before signing. It should clearly state the rent, deposit, length of the lease, and what's included in the rent. If anything is unclear, don't hesitate to ask for clarification," said one expat who made the move to Malapascua.
Get Quote
Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
Get Quote
What is a typical expat home or apartment like in Malapascua?
"Expat homes or apartments in Malapascua, are typically designed to provide a comfortable and tropical living experience. They are often located near the beach, providing stunning views of the ocean and easy access to the island's main attractions. These homes usually have a spacious living area, a fully equipped kitchen, and one or more bedrooms with air conditioning. The architecture often incorporates local materials and design elements, such as bamboo and nipa palm, to blend in with the natural surroundings. Many homes also feature outdoor living spaces, such as balconies or patios, where residents can relax and enjoy the island's warm climate. Some expat homes may also have modern amenities like Wi-Fi, cable TV, and hot water showers. Despite being on a relatively remote island, these homes are often located within walking distance of local shops, restaurants, and dive centers," remarked one member in Malapascua.
What is the average cost of housing in Malapascua?
If you are thinking about moving to Malapascua, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Malapascua can vary greatly depending on the type and location of the property. For a modest house or apartment, one might expect to pay a few hundred dollars per month. However, for more luxurious accommodations or properties with beachfront views, the cost can easily climb into the thousands. It's also worth noting that buying property can be quite expensive, with prices for a decent-sized home often starting in the high five-figure range," said one person in Malapascua.
Should I buy or rent a home in Malapascua?
If you have not spent a lot of time in Malapascua, 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 Malapascua, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Malapascua for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and gives you a sense of stability and permanence. On the other hand, if you're not sure about your long-term plans or if you're only planning to stay in Malapascua for a short period, renting might be a better option. Renting offers more flexibility as you can easily move if your circumstances change. It also means you won't have to worry about property maintenance and other responsibilities that come with homeownership. Financially, you'll need to consider whether you can afford the upfront costs of buying a home, such as the down payment and closing costs. Renting usually requires less money upfront, but you won't build equity over time. You should also consider the local real estate market in Malapascua. If property values are rising, buying a home could be a good investment. However, if the market is unstable or if property values are falling, renting might be a safer choice. Lastly, consider your lifestyle and personal preferences. Some people prefer the freedom and flexibility of renting, while others prefer the stability and potential financial benefits of owning a home. It's important to weigh all these factors before making a decision," said one expat in Malapascua.
About the Author
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.