Property for sale in Philippines
The Philippines is a Southeast Asian country located in the Western Pacific and includes more than 7,000 islands. The capital, Manila, is famous for its promenade and for Binondo, the centuries-old district of Chinatown. Intramuros is a city surrounded by walls from the colonial period. It is the heart of the historic centre of Manila and houses the seventeenth-century Baroque Church of San Agustin, and Fort Santiago, a historic citadel and military prison.
The Philippines is the only state in Southeast Asia (besides Singapore) that does not have land borders with other states: in the north it is separated from Taiwan by the Luzon strait, in the west it is washed by the South China Sea in the direction of Vietnam, south-west from the Sulu sea to Borneo, south from the Celebes sea that separates it from the other islands of Indonesia and east from the Philippine sea.
There are also advantages and disadvantages if you want to buy a property for sale in the Philippines.
The Philippines has attracted over 5 million visitors in the last year. But the Philippines does not just attract tourists. In this country there is a large community of expats benefiting from the low cost of living, the beautiful beaches, the wonderful flora and fauna, the tropical climate and the ever kind and friendly inhabitants. According to studies in the field, it is estimated that to live well in the Philippines, about 900 Euros per month are needed, including food, activities, health insurance and housing costs.
Like everywhere else in the world, accommodation is what most of the budget requires. Many expats prefer to stay in rent, but it is often cheaper to buy a property for sale in the Philippines, especially if you plan to stay in the Philippines for more than a few years or if you want a second home there. In general, foreigners cannot own land in the Philippines, but can own a residence.
Like anywhere else in the world, the cost of property for sale in the Philippines varies greatly depending on location, size, condition and characteristics. In any case, however, you can expect prices much lower than what you would pay in a Western country. Once you have chosen the area where you would like to buy the property for sale in the Philippines, we advise you to get help from experienced real estate agents who can show you various properties, help you narrow down your choice and guide you throughout the project.