Real Estate in Davao, Philippines
Last updated on Aug 25, 2024
Summary: The average cost of a nice 2 bedroom home in Davao, Philippines is around $50,000 USD, while a nice 3 bedroom home can cost around $70,000 USD. These properties typically include a living room, kitchen, and bathrooms, as well as a balcony or terrace. Amenities may include air conditioning, a swimming pool, and a garden. Foreigners are allowed to own property in Davao, but there are certain restrictions. For example, foreigners are not allowed to own land, but they can own condominiums and other types of real estate. An expat looking to buy a home in Davao should start by researching the local real estate market and getting in touch with a local real estate agent. It is also important to visit the area and get a feel for the neighborhoods and the local culture. The most desirable neighborhoods in Davao include Matina, Buhangin, and Lanang. These areas are known for their vibrant nightlife, shopping, and dining options, as well as their proximity to the city center.
How do I find a place to live in Davao?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Davao is to search online for rental listings. There are many websites that offer listings for apartments, houses, and other types of rental properties in Davao. Additionally, you can search for rental listings in local newspapers and classifieds. You can also ask friends and family who live in Davao for recommendations. Finally, you can visit the area in person and look for “For Rent” signs," remarked one foreigner who made the move to Davao.
"We found a corner 2br condo (pool) on facebook under Davao House Rent. The neighborhood is central to most things; malls, easy taxi service, resto’s, Security is a must. Remember expats cannot own land. That is important if you are going to build," explained one person living in Davao , Philippines.
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What is a typical expat home or apartment like in Davao?
"Expat homes and apartments in Davao are typically modern and comfortable, with air conditioning, cable TV, and internet access. Many expats choose to live in gated communities, which offer a range of amenities such as swimming pools, gyms, and playgrounds. Expat homes and apartments in Davao are usually located close to shopping malls, restaurants, and other attractions. The city is also known for its lush green spaces, so many expats choose to live in areas with easy access to parks and nature reserves," said one expat in Davao.
"Fairly typical for city life; 2br condo, weight room, pool, kiddie pool, wifi, AC, hot water, furnished, elevators. Most expats have either a decent condo with amenities, build/buy a house or rent in subdivisions. Some choose the subdivisions with clubhouse and pool. Those are more room, usually also furnished with wifi. We had a house for a year. It was nice but more money and it usually takes a car. That means driver's license at the DMV (LTO here), insurance, repairs, gas and all the other goodies. You can taxi anywhere in Davao for $5. It's a consideration," remarked one member in Davao .
What is the average cost of housing in Davao?
If you are thinking about moving to Davao, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Davao varies depending on the type of housing and location. Generally, the cost of renting an apartment or house in Davao is relatively affordable compared to other cities in the Philippines. Prices for a one-bedroom apartment in the city center can range from around 8,000 to 15,000 Philippine Pesos per month, while prices for a three-bedroom apartment in the suburbs can range from around 10,000 to 20,000 Philippine Pesos per month," said one expat who made the move to Davao.
"Housing costs run about 40% of US prices and are usually furnished with linens and silverware (flatware). Most have a few cups and plates to get you going, a rice cooker, micro, fridge and a pot and pan are almost always included! We buy a few things as we need them," explained one foreigner living in Davao , Philippines.
Should I buy or rent a home in Davao?
If you have not spent a lot of time in Davao, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Davao can be a great investment. The city is known for its low cost of living and its vibrant culture. The real estate market is also relatively affordable, making it a great option for those looking to purchase a home. Renting a home in Davao can also be a great option, as it allows you to experience the city without the commitment of buying a home. Additionally, renting can be a great way to explore different neighborhoods and find the perfect place to call home. Ultimately, the decision to buy or rent a home in Davao will depend on your individual needs and preferences," said one person in Davao.
"Bought a nice 2 bedroom home, but the title had liens dating back to 1965 so it was not conveyed. We have a lawyer working on that who will petition the court to expunge these encumbrances and issue a new clean title," said one expat who made the move to Prudential Village, Daliao, Davao City.
What do I need to know when buying property in Davao?
When we asked expats what advice they would give a foreigner before buying a property in Davao, they said:
"When buying property in Davao, it is important to research the area and the local market to ensure you are making a sound investment. It is also important to understand the local laws and regulations regarding property ownership and taxation. It is also important to have a clear understanding of the title and deed of the property, as well as any restrictions or encumbrances that may be attached to the property. It is also important to have a clear understanding of the costs associated with the purchase, such as closing costs, taxes, and fees. Finally, it is important to work with a reputable real estate agent or lawyer to ensure the process is handled properly," explained one foreigner living in Davao, Philippines.
Are foreigners allowed to own property in Davao?
When we asked expats what advice they would give a foreigner before buying a property in Davao, they said...
"Yes, foreigners are allowed to own property in Davao. The Philippine Constitution allows foreign nationals to own real estate in the Philippines, provided that the land is acquired through hereditary succession or through a purchase from a Filipino citizen. Foreigners may also own condominium units in the Philippines, provided that the total foreign ownership of the condominium project does not exceed forty percent (40%) of the total capitalization of the project," explained one person living in Davao, Philippines.
What appliances are typically included in a rental?
We asked foreigners in Davao what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Davao typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a microwave, air conditioner, and water heater. Furniture may also be included in some rental properties," wrote one expat who made the move to Davao.
Additional Information about Searching for a Home in Davao:
We asked foreigners in Davao what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Davao by looking online for real estate listings, contacting local real estate agents, and searching for expat-specific resources such as expat forums and websites. Additionally, expats can ask other expats who have already moved to Davao for advice and recommendations," explained one person living in Davao, Philippines.
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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