Pros and Cons: Foreign Property Ownership in the Philippines

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The Philippine property market is seen as a strong demand for foreign buyers. Despite this, the Philippines still does not allow foreign ownership of real property; foreigners, however can purchase condo units as long as foreign ownership in a single project does not exceed 40 percent.

But for some established property markets, foreigners have freehold ownership of the real estate for more investment and wealth to come in.

Get the full article from Lamudi, to read on and learn the advantages and disadvantages of allowing foreign property ownership in the country.

Read More: http://www.lamudi.com.ph/journal/pros-cons-foreign-property-ownership-philippines/

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