Tuesday, 19 June 2007

Am I Allowed to Buy Property in the Philippines?

To be able to buy property in the Philippines, you must be:

a) a Filipino Citizen OR
b) a natural-born Filipino Citizen who lost his/her Filipino citizenship through naturalization in another country OR
c) a Filipino by dual-citizenship OR
d) a foreign national married to a Filipino Citizen
For individuals classified under b, c or d, you may purchase a parcel of land not exceeding one thousand (1,000) square meters in area and for residential purpose only.

For foreign nationals, you can purchase:
a) House and Lot - provided the property is under the name of a company registered in the Philippines
b) Condominium Unit - you may purchase a condominium unit under your name

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