Showing posts with label Eligibility to Buy Property in the Philippines. Show all posts
Showing posts with label Eligibility to Buy Property in the Philippines. Show all posts

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