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Real Estate in Subic Bay, Philippines | Expat Exchange
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Real Estate in Subic Bay, Philippines

By Betsy Burlingame

Last updated on Nov 10, 2024

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

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How do I find a place to live in Subic Bay?

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

"Finding a place to live in Subic Bay involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a larger house, depending on your needs and financial situation. Next, you should research the different neighborhoods in Subic Bay to find one that suits your lifestyle and preferences. Some areas may be closer to the beach, while others may be closer to the city center or have better access to public transportation. Once you have a general idea of where you'd like to live, you can start looking for specific listings. There are several online real estate platforms that you can use to find properties in Subic Bay, such as Lamudi, Dot Property, and Property24. These websites allow you to filter listings by location, price, size, and other features. In addition to online listings, you may also want to consider hiring a local real estate agent. They can provide valuable insight into the local market, help you negotiate prices, and guide you through the process of renting or buying a property in the Philippines. Before making a decision, it's important to visit the property in person. This will give you a better sense of the property's condition, the neighborhood, and the proximity to amenities like shops, restaurants, and schools. Finally, once you've found a property you're interested in, you'll need to go through the process of signing a lease or purchasing the property. This typically involves negotiating the terms, paying a deposit or down payment, and signing a contract. It's recommended to have a lawyer review the contract to ensure that your interests are protected. Remember, finding a place to live in Subic Bay, like in any other place, can take time and patience. But with careful research and planning, you can find a home that suits your needs and budget," said one expat in Subic Bay.

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William RussellWilliam Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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What is a typical expat home or apartment like in Subic Bay?

"A typical expat home or apartment in Subic Bay, is often located in a secure and well-maintained residential area. These homes are usually spacious, with multiple bedrooms and bathrooms, a living room, a dining area, and a fully equipped kitchen. Some homes may also have a private garden or a swimming pool. The interior design often combines modern and traditional Filipino elements, with comfortable furniture, air conditioning, and high-speed internet. Many expat homes are situated close to amenities such as international schools, supermarkets, restaurants, and healthcare facilities. Some apartments may also offer stunning views of the bay or the surrounding greenery. The buildings often provide additional facilities like a communal swimming pool, a gym, and 24/7 security services," explained one expat living in Subic Bay, Philippines.

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

Learn MoreGet Quote

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

Learn MoreGet Quote

What is the average cost of housing in Subic Bay?

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

"The average cost of housing in Subic Bay can vary greatly depending on the type and size of the property. For a standard one-bedroom apartment in the city center, the monthly rent can be quite affordable. However, for larger, more luxurious properties or those with a sea view, the cost can be significantly higher. If you're looking to buy property, a typical house in Subic Bay can also range from relatively inexpensive to very costly, depending on its location, size, and amenities. It's always best to research and compare prices from different real estate agencies to get a better understanding of the housing costs in Subic Bay," said one expat who made the move to Subic Bay.

Should I buy or rent a home in Subic Bay?

If you have not spent a lot of time in Subic Bay, 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 Subic Bay, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Subic Bay for a long time, buying a home could be a good investment. Owning a property allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting might be a better option if you're not planning to stay in Subic Bay for a long period. Renting offers more flexibility, as you can move without the hassle of selling a property. It also allows you to avoid the costs and responsibilities that come with homeownership, such as maintenance, repairs, and property taxes. If you're uncertain about your future plans or financial stability, renting might be the safer choice. It's also worth considering that the real estate market can be unpredictable, and there's no guarantee that a home in Subic Bay will increase in value. In conclusion, both buying and renting have their pros and cons, and the best choice depends on your individual circumstances and goals. It's recommended to seek advice from a financial advisor or real estate professional before making a decision," said one expat in Subic Bay.

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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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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