What You Need to Know Before Making a Move
The Philippines is a beautiful country with stunning beaches, vibrant cities, and affordable real estate. Many foreigners dream of owning a home or investment property here. But can you actually buy property as a foreigner? The short answer is YES—but with some rules.
In this guide, we’ll break down the legal ways foreigners can own property in the Philippines and the best options available.
Can Foreigners Own Land in the Philippines?
No, foreigners cannot directly own land in the Philippines. The law only allows Filipino citizens and corporations (with at least 60% Filipino ownership) to own land.
However, foreigners can own condominiums, buildings, or lease land for long-term use.
How Can Foreigners Own Property in the Philippines?
While land ownership is restricted, here are legal ways for foreigners to invest in Philippine real estate:
Buy a Condominium
Foreigners can own condos as long as foreign ownership in the building does not exceed 40%. Many condo projects in Metro Manila, Cebu, Davao, and other key cities offer units for sale to foreigners.
Why Choose a condo?
- Easier ownership – You fully own the unit.
- Great locations – Many condos are in business districts and near beaches.
- Low maintenance – Property management takes care of upkeep.
- Good investment – You can rent it out for income.
Long-Term Land Lease
If you want to build a house or business, you can lease land for up to 50 years (renewable for 25 more years). This is a great option for foreigners who want to stay long-term.
Set Up a Philippine Corporation
A business registered in the Philippines with at least 60% Filipino ownership can buy land. If you have a trusted Filipino business partner, this can be a way to invest in larger properties.
Marry a Filipino Citizen
If you are married to a Filipino, your spouse can own land under their name. However, you cannot legally claim ownership of the land. In case of separation, the land remains under the Filipino spouse’s name.
Can Foreigners Inherit Property in the Philippines?
Yes! If a foreigner legally inherits land from a Filipino spouse or relative, they can keep it. However, selling it later may have restrictions.
Can Foreigners Get a Mortgage in the Philippines?
Most banks in the Philippines do not offer home loans to foreigners, but some allow it if:
- You have a Special Resident Visa (like an SRRV for retirees).
- You are married to a Filipino citizen.
- You have permanent residency.
What About Buying Property as an Expat or Retiree?
If you are an expat or retiree, the Special Resident Retiree’s Visa (SRRV) allows you to stay in the Philippines long-term and invest in property (like a condo or leasehold land).
Final Thoughts: Is Buying Property in the Philippines Worth It?
Absolutely! While land ownership is restricted, there are still many ways to legally own property. Condos and long-term leases are the best options for foreigners.
Before buying, always:
- Check the developer’s reputation.
- Make sure the property title is clean.
- Consult a lawyer to review contracts.
- Good investment – You can rent it out for income.
Want to explore real estate options in the Philippines? Contact us today for expert guidance!
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