Philippine beachfront properties

Having a vacation home near the beach must be a dream for anyone whose idea of summer fun involves sand and surf. Aside from being comfortable enough to hang out in a place that is truly yours, it also saves you money in the long run, as it would mean no more staying in hotels or inns. And for the business-minded buyer, you can turn your vacation property into a money-making investment by renting it out when you are not using it.

The Philippines has a lot of noteworthy beaches and islands, so there is definitely no shortage of properties that will let you walk barefoot on powdery sand anytime you want. From a private home in an exclusive development in Bataan to a resort in Bohol, here are some beachfront properties at MyProperty that you can actually buy, whether as an end-user or an investor.

Find out more through link below:

http://www.myproperty.ph/blog/feature-stories/buy-philippine-beachfront-properties

 

5 Best Places to Buy a House and Live Outside Metro Manila

Metro Manila continues to be the major center for business and investment in the Philippines. Its consistent and relentless progress attracts investors, labor forces, and people who want to live where the action is present and success is evident. However, the growth of the metropolis also has downsides.

The explosion of population in Metro Manila could be acknowledged as the reason for the prevalence of informal settlers, the heavy traffic that eats time, and the higher cost of living due to high demand and low supply of goods. More so, the region is slowly turning into a completely modern district that leaves no opportunity for greenery. Thus, pollution in many kinds, if ignored, is likely to become more significant and dangerous. The neighborhoods, though abundant in life and activities, often could no longer provide a relaxed community.

Residents of Metro Manila can now transfer to nearby cities that provide comfort and security. Avoid the awful traffic, the overcrowded MRT, and the loud neighbors. You do not have to go far from Metro Manila to experience a better quality of life.

Hoppler have listed 5 Best Places to Buy a House and Live Outside Metro Manila. Find out more through link below:

https://www.hoppler.com.ph/blog/real-estate-investment-tips/5-best-places-to-buy-a-house-and-live-outside-metro-manila

6 Ways to Be Successful in Your Rental Property Business

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The most common pitfall for not-so-successful landlords is how some do not approach property rental as a business. Some treat it more like a hobby where extra income can simply be had, when in order to be really successful, it has to be run like a real company.

Get to learn more on how to be successful in your rental property business from tycoon.ph through link below:

http://tycoon.ph/rental-property-business/

Can Foreigners Own Property in the Philippines?

If you are a foreigner and wondering if you can own a property, below is an article from hoppler.com that can help you answer your questions about owning a property in the Philippines. 

By Fudge Tajar

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More and more foreigners are now becoming interested in buying properties in the Philippines because of many factors like: our tropical climate, the warmth of the Filipinos and great opportunities for investments. On the other hand, many people are still not sure whether foreigners can own property in the country. The answer is yes, foreigners may own real estate property in the Philippines, but they are not allowed to buy and own land. Foreign ownership of property in our country is not absolute and subject to restrictions.

Non-Filipinos may purchase and own condominium units built on Philippine soil. The ownership of condominium units is still subject to a 40% restriction for foreigners because a condominium project is similar to a corporation set up where 60% must be owned by Filipinos. Although it is clear from our laws that foreigners are not allowed to own land and their ownership of other forms of real estate properties is limited, these rules are subject to certain limitations.

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Foreigners may acquire and buy real estate property in the Philippines under the following conditions:

1.) The property was acquired under the 1935 Constitution.
2.) Acquiring real property through hereditary succession.
This means that a person (not Filipino) inherited the property or land which may have been acquired under the 1935 Philippine Constitution.

3.) Not more than 40% of the units of a condominium project.
4.) If the property was bought by the owner when he or she was still a natural born Filipino citizen but subject to the restrictions provided by law.
5.) For former natural born citizens, the ownership of an urban land shall be limited to 1,000 square meters while for rural land, it must not exceed 1 hectare and must be used exclusively for residential purpose in accordance with Batas Pambansa Bilang 185.

For married couples under this rule, one or both may own land as long as the total area of the combined property shall not go beyond the maximum limit.

For Filipinos who married a foreigner, Philippine citizenship is not automatically relinquished. Under Article IV Section 4 of the Philippine Constitution, “Citizens of the Philippines who marry aliens shall retain their citizenship, unless by their act or omission, they are deemed, under the law, to have renounced it.” An example of renouncing Philippine citizenship is when a spouse would swear allegiance to become a citizen of the spouse’s country. Any person although married to a foreigner can buy and own land in the Philippines for as long as they have not renounced said citizenship. They may acquire and own land without restrictions since they are deemed to have retained their citizenship.

6.) Under the Dual Citizenship Law of 2003, natural born Filipinos who eventually lost their Philippine citizenship to another country because of naturalization may regain their Filipino citizenship after swearing allegiance to the Philippines. After the reacquisition of the Philippine citizenship, they are again considered as citizens and may own real property without any constraints.
7.) Foreigners may own houses or building but not the land where the structures are built on. A foreign individual or corporation may only lease and not own Philippine land. Such lease shall be in a long-term contract which must be good for 50 years and after which, the rent is renewable every 25 years.
There has been a long-standing debate whether Philippine laws should be changed to accommodate and expand foreign ownership in the country. Most of the advocates of the proposal are arguing that lifting the restrictions on foreign ownership would eventually result in more investments from overseas. However, those who are against it would dispute such claims stating that business ventures from foreign investors are not dependent on property ownership and invoke the importance of national patrimony. Given the mentioned restrictions on foreign ownership of land, do you think it is enough to preserve our national patrimony? And given that some of our neighboring countries such as Malaysia, Taiwan, Singapore, and Thailand opened up and allowed foreigners to own land in their territory, do you think that the Philippines should do the same?

Read more : https://www.hoppler.com.ph/blog/featured-articles/can-foreigners-own-property-in-the-philippines