From World Heritage listed rice terraces to sprawling mega-cities white sand beaches and more than 7,000 islands, the Philippines is home to around 100 million people.  Although there are more than 100 cultural minority groups throughout the country, English is one of the two official languages, alongside Filipino. There are many opportunities for investment. The country is a major producer of agricultural products, as well as automotive, aerospace and electronics parts and has a highly skilled and educated population. If you’re looking to move or interested in finding out more about investing in Philippine real estate, SCHWARTZWILLIAMS has the details.

Buying property in the Philippines
Foreigners are able to own property in the Philippines under certain circumstances, though they are not permitted to own land. Condominiums may be purchased by foreign nationals up to a maximum of 60 per cent of a building. For more detail, read our article here.

Renting property in the Philippines
A variety of accommodation styles are available in the Philippines, from high-rise condominiums to gated houses. Both long-term and short-term options are available. We’ve got the details on lease terms, service providers and more here. 

Property taxes in the Philippines
We recommend seeking professional taxation advice before purchasing real estate as transaction costs in the Philippines are relatively high. These costs include transfer taxes, notary fees, title registration fees, stamp duties, and capital gains tax among others. Our overview can be found here.

Obtaining finance in the Philippines
It can be difficult for foreign nationals to find banks in the Philippines to provide finance, as foreigners are not permitted to own land. However, foreigners are able to own residential condominiums, so long as Filipinos own 60% or more of the building. For a look at where to start your mortgage search and what to expect from both local and offshore financial institutions, click here. 

Philippines real estate glossary
English is one of the official languages of the Philippines, which makes investing there easier than it otherwise might be. However, unfamiliar terms and abbreviations may be used within the property market. Our glossary outlines some of the common terms. 

Source: KMC MAG Group Savills Investment and Country Guide Philippines 2016

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