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Real Estate in Dumaguete City, Philippines | Digital Nomad Exchange
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Real Estate in Dumaguete City, Philippines

By Betsy Burlingame

Last updated on Jan 10, 2024

Summary: People living in Dumaguete City, Philippines offer advice about real estate. How do you find a home in Dumaguete City? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Dumaguete City?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Dumaguete City involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from apartments, condos, houses, or even dormitories if you're a student. Next, you can start your search online. Websites like Lamudi, Dot Property, and Rentpad have listings for Dumaguete City. These sites allow you to filter by property type, price range, and location. You can also check local classified ads in newspapers or online platforms like Craigslist or Facebook Marketplace. Another option is to hire a local real estate agent. They have extensive knowledge of the area and can help you find a place that suits your needs and budget. Make sure to communicate your preferences clearly to them, such as preferred neighborhoods, proximity to amenities, and whether you want a furnished or unfurnished place. Once you've found potential places, arrange for viewings. This will give you a chance to inspect the property, check its condition, and see the surrounding area. Don't forget to ask about the terms of the lease, including the duration, payment terms, and any additional fees. Lastly, once you've chosen a place, you'll need to secure it by signing a lease agreement and paying any necessary deposits. Make sure to read the lease agreement thoroughly and understand all the terms before signing. Remember, finding a place to live can take time, so it's best to start your search well in advance of your planned move," remarked one member in Dumaguete City.

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What is a typical expat home or apartment like in Dumaguete City?

"A typical expat home or apartment in Dumaguete City, is often located in a secure and peaceful neighborhood. These homes are usually fully furnished, featuring a living room, dining area, kitchen, and one or more bedrooms. The kitchen is typically equipped with modern appliances such as a refrigerator, stove, and sometimes even a dishwasher. The living room often has comfortable seating, a television, and sometimes even a home entertainment system. The bedrooms are usually spacious, with air conditioning units, comfortable beds, and ample storage space. Some homes may also have a study or home office, especially for those who work remotely. Bathrooms are typically modern and clean, with hot and cold showers. Many expat homes also have outdoor spaces like a balcony or a small garden, providing a place to relax and enjoy the tropical climate. Some apartments or homes may also have access to shared amenities like a swimming pool, gym, or barbecue area. The homes are often located close to local amenities such as supermarkets, restaurants, and schools. Some are even within walking distance to the beach or have a sea view. Despite being fully furnished and conveniently located, these homes are often quite affordable, making Dumaguete City a popular choice for expats. In terms of design, many homes blend modern and traditional Filipino styles. They often feature high ceilings, large windows, and tiled floors to keep the home cool in the tropical heat. Some homes may also incorporate local materials such as bamboo and native hardwoods in their design. Overall, a typical expat home in Dumaguete City offers a comfortable and convenient living environment, blending modern amenities with local charm," said one person in Dumaguete City.

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What is the average cost of housing in Dumaguete City?

If you are thinking about moving to Dumaguete City, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Dumaguete City can vary greatly depending on the location, size, and type of property. For instance, a modest house in the city center may cost around PHP 3-5 million, while a luxury home in a prime location can go up to PHP 15-20 million. Renting a one-bedroom apartment in the city center may cost around PHP 10,000-15,000 per month, while a similar apartment outside the city center may cost around PHP 5,000-10,000 per month. However, these prices can fluctuate based on market conditions and other factors," explained one person living in Dumaguete City, Philippines.

Should I buy or rent a home in Dumaguete City?

If you have not spent a lot of time in Dumaguete City, 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 Dumaguete City, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Dumaguete City for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting might be a better option if you're not planning to stay in the city for more than a few years. Renting offers more flexibility, as you can move without the hassle of selling a property. It also doesn't require a large upfront cost, unlike buying a home which often involves a significant down payment. Financially, you need to consider your ability to afford the ongoing costs associated with each option. Buying a home involves not only the mortgage payments but also property taxes, insurance, and maintenance costs. Renting, while not building equity, can sometimes be cheaper on a month-to-month basis and the landlord is typically responsible for maintenance. In terms of lifestyle, owning a home can offer a sense of stability and the freedom to customize your living space. However, it also comes with the responsibility of maintenance and repairs. Renting can offer a more carefree lifestyle with less responsibility, but with restrictions on what you can do with the property. In conclusion, the decision to buy or rent a home in Dumaguete City, Philippines, should be based on your financial situation, long-term plans, and personal preferences. It's important to weigh the pros and cons of each option before making a decision," said one person in Dumaguete City.

About the Author

Betsy Burlingame 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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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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