Home Philippines Buying a Condo in the Philippines

Buying a Condo in the Philippines

If you’re thinking about buying a condo in the Philippines do plenty of research before parting with your hard-earned  cash. Since the steady growth of the Philippines’ real estate market in 2001, buying a condominium has become very popular with many expats around the world. There is now a huge demand for both commercial as well as residential condo properties in this part of South East Asia.

condominiums in the Philippines
Photo by Patrick Roque

Foreign property demand has made buying a condo a viable investment, which according to local real estate experts is set to continue for the time being. There are many reasons why people choose to buy a condo in the Philippines such as:

  • Low cost of living
  • The warm tropical climate
  • The friendly people

Unlike a house or a land property in the Philippines, a condominium is a unit which a foreign person can own individually.  Foreign ownership in the Philippines can be extremely complicated so it’s a good idea to use the services of professional real estate companies.  They can provide you with everything to do with condos to buy in the Philippines so your investment is protected by law.

Why buy a condo?

You should consider carefully why you wish to buy a condominium. Maybe it’s an investment opportunity for the future or a place to live all year round in this beautiful part of the world. Condominiums certainly provide the kind of flexibility that you can’t find elsewhere. If you’re looking for an affordable, cost-effective residence, then buying a condo in the Philippines is your best option.

Of course, it’s important to take into consideration your short-term and long-term needs. Have a think about your lifestyle, are you thinking about getting married, are you planning to move on in the future and what will happen to the property when you die? Condominium real estate specialists can help you with any queries or questions you may have about buying a unit in the Philippines.

Location can be the key factor when selecting your unit. At the end of the day, where you choose to live will shape the lifestyle that you have. The great news is, there is an extensive range of condo options to choose from in:

  • Makati
  • Claveria
  • Quezon City
  • San Jose Del Monte

Reputable online condominium consultants can provide you with many existing units currently on the market as well as pre-selling condos which are readily available. Cheaper options are not always the best, especially when it comes to location, living space and onsite communities. With this in mind, find out more about building services and facilities. Have a chat with local real estate brokers who can provide you with an in-depth guide regarding every aspect about buying a condo unit in the Philippines.

Always use the services of the professionals

With any type of major property investment, it always pays to use the services of the professionals especially when buying in a foreign country.

 

This piece is provided to you by Dot Property, a real estate listing website offering top quality condo choices to anyone considering buying a property in the Philippines. 

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