Are foreigners allowed to own property in Philippines?
When we asked expats in Philippines if foreigners are allowed to own property, they answered...
"Yes, foreigners are allowed to own property in the Philippines. The Philippine Constitution allows foreign nationals to own real estate in the country, provided that the land is acquired through hereditary succession or by purchase of a condominium unit. However, foreign nationals are not allowed to own land directly, and must instead enter into a lease agreement with a Filipino citizen or corporation. The lease must be for a period of at least fifty years, with an option to renew for another twenty-five years," said a member in Philippines.
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"Yes, there are restrictions. As a foreigner you can not own property in your name directly. However, you can own a condominium with the added advantage of obtaining Special Resident Retiree's Visa (SRRV) as a result of a qualified investment. Do research this option. Note: YOU NEED NOT MARRY TO STAY IN THIS COUNTRY!!!," remarked another expat who made the move to Palawan, Philippines.
Other Questions:
- What do I need to know before moving to Philippines?
- How do I find a place to live in Philippines?
- What is a typical expat home or apartment like in Philippines?
- What is the average cost of housing in Philippines?
- Should I buy or rent a home in Philippines?
- What should I pack when moving to Philippines?
- What cultural faux pas should I try to avoid making in Philippines?
- Why do people move to Philippines?
- What are healthcare services like in Philippines?
- What are medical services in Philippines like?
- What are typical rents in Philippines?
- What appliances are typically included in a rental?
Are foreigners allowed to own property in Philippines?
If you live in Philippines, newcomers to Philippines would love to hear your answer to this question:
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.