Welcome to ALDANMAR PROPERTY & BUSINESS LISTINGS, PUERTO GALERA

 

PHILIPPINES REAL ESTATE

 

Acquiring a land and later on build your ideal house is everybody’s dream.  However, if you are a foreigner, by law you are not allowed to acquire a land in the Philippines. A foreigner may own a land in any of the following below:

• Lease the Property – If you wish to rent a land, you can lease a public or private land for a long-term contract for an initial of 50 years with an automatic renewal of 25 years.
• Marrying a Filipino Spouse- This is the easiest and simplest way in owning a land.  Your Filipino spouse will be the one to purchase the land that you desired.
• Inheritance of the land if your spouse dies- It means that when your Filipino spouse dies, you as the natural heir and your children if you have one, will succeed as the legal owners of his or her estate.
• Having a Filipino partner- Make sure that your partner can be trusted and will not take advantage of you.  Having a Filipino partner is another option in acquiring land here in the Philippines.  Wherein your partner will own 51% or more of the property and the remaining percent will belong to you. 

On the other hand, a foreigner can own condominium units you may own 100% of the unit but not more than 40% of the whole condo project.  Foreigners owning a house or building in the Philippines is legal as long as the foreigner does not own the land on which the house is build.  In addition, there are also pension houses available that give a comfortable and relaxing accommodation.  And most of the pension houses give affordable rates. 

For further information and/or advice about property or business opportunities anywhere in the Philippines, please go to our contact page and fill the form.