Disclaimer: By posting on this web site it is accepted that you have agreed to our Terms. Please DO NOT publish copyrighted material/pictures without the owner’s permission, you are liable for any costs incurred.


Results 1 to 9 of 9
  1. #1
    Respected Member
    Join Date
    Jan 2010
    Posts
    4,314
    Rep Power
    98

    Buyiing a house in the Philippines?

    This is a long way off yet, but just wondering what is the process and what are the pitfalls of a Brit buying a house in the Phil's?


  2. #2
    Trusted Member stevewool's Avatar
    Join Date
    Feb 2010
    Location
    derbyshire
    Posts
    18,980
    Rep Power
    150
    Quote Originally Posted by Englishman2010 View Post
    This is a long way off yet, but just wondering what is the process and what are the pitfalls of a Brit buying a house in the Phil's?
    hi again i too was thinking this but after so long i feel its best to rent long term


  3. #3
    Respected Member jimeve's Avatar
    Join Date
    Jun 2007
    Location
    Bolton,lanc's uk
    Posts
    1,623
    Rep Power
    74
    Quote Originally Posted by Englishman2010 View Post
    This is a long way off yet, but just wondering what is the process and what are the pitfalls of a Brit buying a house in the Phil's?
    Be very very careful. for a start you can't buy land in the Phills. thru your spouse yes. get a lawyer, buy only land that has clean title make sure it has right of way. pit falls to many to mention.


  4. #4
    Respected Member
    Join Date
    Jan 2010
    Posts
    4,314
    Rep Power
    98
    Quote Originally Posted by jimeve View Post
    Be very very careful. for a start you can't buy land in the Phills. thru your spouse yes. get a lawyer, buy only land that has clean title make sure it has right of way. pit falls to many to mention.
    That's what I was expecting
    But TBH, places in the provinces are only about the same price as a decent used car is over here, and my view is that I write off the value of a car over 3 or 4 years, so if a house can be bought that cheaply it's not really a lot to lose if it all goes wrong.
    I have no plans to live out there for at least 15 years, and even then it would only be for 4 or 5 months of the year as my kids are over here and there is no way I could earn anything like the amount I earn in the Uk. I'm only even considering it as a long term investment, and to give me a base to stay the 3 or 4 times a year I plan to go over there.
    I agree that renting is probably a better proposition, but was just curious to find out how easy/difficult it is to buy.


  5. #5
    Respected Member jimeve's Avatar
    Join Date
    Jun 2007
    Location
    Bolton,lanc's uk
    Posts
    1,623
    Rep Power
    74
    Quote Originally Posted by Englishman2010 View Post
    T but was just curious to find out how easy/difficult it is to buy.
    like I said foreigners can't buy land, only condos. your Philipa wife can thou.

    buying a house throu your Philipa wife is easy. hope this helps


  6. #6
    Respected Member
    Join Date
    Jan 2010
    Posts
    4,314
    Rep Power
    98
    Quote Originally Posted by jimeve View Post
    like I said foreigners can't buy land, only condos. your Philipa wife can thou.

    buying a house throu your Philipa wife is easy. hope this helps
    It does, thanks. No prospect of that yet, not for a couple of years at least.


  7. #7
    Moderator fred's Avatar
    Join Date
    Feb 2006
    Location
    South,North East,somewhere.
    Posts
    11,433
    Rep Power
    150
    We have a few properties here..Never had a problem but that might have something to do with my wife that knows the procedures and how to do land searches/ checks etc with the DENR/BIR etc.
    We have bought tax declaration (which we have since got clear title to/ as well as titled land..Buying a titled lot is by far the safest way to go as there will be no future claims etc.


  8. #8
    Moderator fred's Avatar
    Join Date
    Feb 2006
    Location
    South,North East,somewhere.
    Posts
    11,433
    Rep Power
    150
    Oh BTW.. You may not be able to own land here but you can do the next best thing if you want security and control of your house and lot..
    You can lease titled land for 25 years renewable for another 25 years..
    We are considering leasing 150/250 sqr mtr lots to foreigners here in Bohol..
    It was just an idea I had but I have been getting quite a lot of interest from foriegn residents here since mentioning it.
    Im surprised that these deals are not usually offered throughout the Philippines?


  9. #9
    Banned
    Join Date
    Jan 2009
    Location
    Middle England
    Posts
    1,522
    Rep Power
    0
    In regards to buying land/property/business I would only consider if I was to raise a family there, something that could be passed onto the kids. I've heard a few stories of problems down the line (not just in PI) when property was bought in the wife's name and things went pear-shaped down the line. Also heard a few success stories though, and they're always the ones who do everything by book and have been in the country for quite awhile.


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Buying a house in the philippines??
    By Relofils in forum Introduce Yourself
    Replies: 2
    Last Post: 1st April 2009, 12:36
  2. Replies: 20
    Last Post: 30th June 2008, 21:28
  3. House prices in the Philippines!
    By Eljohno in forum Loose Talk, Chat and Off Topic
    Replies: 3
    Last Post: 1st April 2008, 18:45
  4. house & lot in iloilo city philippines
    By nuevedos in forum Job Info/Help
    Replies: 3
    Last Post: 28th June 2005, 10:05

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Filipino Forum : Philippine Forum