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Tag: Buying Property in the Philippines

Thinking of Buying Property in the Philippines

If you are a foreigner living in the Philippines sooner or later your mind will turn to buying property in the Philippines. I am no expert on the subject and I still rent but after two years here, I am now seriously contemplating all of my options. Those options are to carry on renting or buy a condo or a house. First, a few general observations. By European or American standards, land and homes are still cheap here. For example, about US $100,000 will get you a nice 2-bedroom loft condo on 2 levels with balcony in Bacolod. For much less, it is possible to buy a 3-bedroom, 2-story, 2 bathroom house in a Bacolod sub-division for about US $33,000. You can add a substantial…

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