New homes in Philippines

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The Milano Residences
New construction apartment in Makati, National Capital Region (Philippines)

Price to be consulted

Azure Urban Resort Residences
Real estate development in Parañaque, Región de la Capital Nacional (Philippines)

Price to be consulted

Trump Tower Manila
Real estate development in Makati, National Capital Region (Philippines)

Price to be consulted

Want to sell? Advertise your real estate developments

Overview of the Philippines

The Republic of the Philippines is an island nation consisting of an archipelago of 7,107 islands located southeast of Asia.

The Philippines is considered as the only Hispanic country in Asia, after nearly four centuries of Spanish colonization.

It has a rich fauna and flora, both in rainforests and in the sea, with dolphins, whales, dugongs and the second largest coral reefs in Asia, with exotic fish and sea turtles. That is why the Philippines is in the list of diverse countries.

The local climate is hot, humid and tropical. The annual average temperature is about 26.5 ° C. It is a territory suffering from typhoons, but usually only go through the northern islands from July to October.

Real estate investment in Philippines

Currently, the number of property investors in the Philippines continues to grow steadily due to the high profit potential offered by real estate investment market in this country.

The features of real estate are very attractive qualities that ensure viable opportunities for rent.

Also, when buying a home in the Philippines can enjoy tax benefits (which vary by type of housing).

Foreign nationals and or corporations can own 100% of a Philippine condominium or town home.

Foreigners are not allowed to buy private land, residential home with land lot and or commercial building with land lot ownership in the Philippines because they are regarded as national assets.

Only Filipino citizens and corporations (at least 60% Philippine-owned) are entitled to acquire land in the Philippines.

However, through certain loopholes including marriage, through a lease or incorporation the foreign national can buy and take ownership of the property.

Owning of houses or buildings is possible as long as the foreigner does not own the land on which the house is build. The land can be leased by the foreigner on a long term contract, and the house can be legally his.

Useful links

• Official Gazette of the Republic of the Philippines
• Department of Tourism Main Portal

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