Real Estate in Palawan Island, Philippines
Last updated on Nov 05, 2024
Summary: People living in Palawan Island, Philippines offer advice about real estate. How do you find a home in Palawan Island? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Palawan Island?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"To find a place to live in Palawan Island, you can start by researching online on websites such as Airbnb, Booking.com, and Agoda, which offer a variety of accommodations ranging from hotels, resorts, guesthouses, and vacation rentals. You can filter your search based on your preferences, budget, and desired location within Palawan. Another option is to join local Facebook groups or online forums dedicated to expats and travelers in Palawan, where you can ask for recommendations and advice on finding a place to live. You may also find listings for long-term rentals or house-sharing opportunities in these groups. Once you have shortlisted a few potential accommodations, read reviews from previous guests to get a better understanding of the quality and reliability of the place. If possible, contact the property owner or manager directly to ask any questions or negotiate the rental terms. If you are already in Palawan or planning a visit, you can explore the island and visit different neighborhoods to get a feel for the area and find a place that suits your needs. You can also ask locals for recommendations or check local newspapers and bulletin boards for rental listings. Finally, consider working with a local real estate agent who can help you find a suitable place to live based on your preferences and budget. They can also assist you with the rental process and provide valuable insights into the local housing market," explained one expat living in Palawan Island, Philippines.
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What is a typical expat home or apartment like in Palawan Island?
"A typical expat home or apartment in Palawan Island, is likely to be a comfortable and modern living space, often located in a secure and well-maintained residential area. These homes usually come furnished with essential amenities such as air conditioning, Wi-Fi, and cable TV. The living spaces may include a living room, dining area, kitchen, and one or more bedrooms with attached bathrooms. Some expat homes may also feature a balcony or terrace with a view of the surrounding landscape, while others might have access to shared facilities like a swimming pool, gym, or garden. The homes are often situated close to local shops, restaurants, and other conveniences, making it easy for expats to adapt to their new environment and enjoy the island's natural beauty and vibrant culture," said one person in Palawan Island.
What is the average cost of housing in Palawan Island?
If you are thinking about moving to Palawan Island, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Palawan Island, can vary greatly depending on the location and type of property. In general, you can expect to find affordable housing options, with monthly rental prices for a one-bedroom apartment in the city center ranging from $200 to $400, while outside the city center, prices may be as low as $150 to $300. If you're looking to purchase property, the average price per square meter can range from $500 to $1,500, again depending on the location and type of property," said one person in Palawan Island.
Should I buy or rent a home in Palawan Island?
If you have not spent a lot of time in Palawan Island, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Palawan Island, depends on your personal preferences, financial situation, and long-term plans. If you plan to stay in Palawan for an extended period and have the financial means, buying a home can be a good investment, as property values in the area are expected to rise due to increasing tourism and development. Owning a home also provides stability and the freedom to make changes to the property as you see fit. On the other hand, if you are unsure about your long-term plans or prefer flexibility, renting a home may be a better option. Renting allows you to explore different areas of Palawan without committing to a specific location, and it can be more cost-effective in the short term. Additionally, renting a home means you won't have to worry about property maintenance and other responsibilities that come with homeownership. Ultimately, the choice between buying and renting a home in Palawan Island depends on your individual circumstances and priorities. It's essential to carefully consider your options and consult with a local real estate expert to make the best decision for your needs," remarked one foreigner who made the move to Palawan Island.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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