Real Estate in El Nido, Philippines
Last updated on Oct 17, 2024
Summary: People living in El Nido, Philippines offer advice about real estate. How do you find a home in El Nido? Should you buy or rent? What is the cost of housing?
How do I find a place to live in El Nido?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in El Nido involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a simple room rental to a more luxurious villa or apartment. Next, you should research the different areas in El Nido. Some popular areas include the town proper, Corong-Corong, and Las Cabanas. Each area has its own unique vibe and advantages, so it's important to choose one that suits your lifestyle and preferences. Once you've decided on an area, you can start looking for available accommodations. There are several online platforms where you can find listings, such as Airbnb, Booking.com, and local real estate websites. You can also check social media groups or forums for expats living in El Nido, as they often share information about available rentals. When you find a place that you're interested in, contact the owner or property manager to arrange a viewing. This is a crucial step, as it allows you to see the place in person and assess its condition, location, and proximity to amenities. During the viewing, don't hesitate to ask questions about the property. You might want to inquire about the terms of the lease, the payment method, and any additional costs such as utility bills or maintenance fees. If you're satisfied with the place, you can proceed to negotiate the lease terms and sign the contract. Make sure to read the contract carefully and understand all the terms before signing. Finally, once the contract is signed, you can arrange for the move-in. You might need to hire a moving company or rent a vehicle, depending on the amount of stuff you have. Remember, finding a place to live in El Nido might take some time and patience, but with careful planning and research, you can find a place that suits your needs and budget," said one person in El Nido.
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What is a typical expat home or apartment like in El Nido?
"A typical expat home or apartment in El Nido, is often located near the beach, offering stunning views of the ocean and the surrounding natural beauty. These homes are usually designed to blend in with the tropical environment, featuring open layouts, large windows, and balconies to allow for natural light and fresh air. The interiors are often furnished with locally sourced materials, such as bamboo and rattan, giving them a rustic yet comfortable feel. Many expat homes also come with modern amenities like air conditioning, Wi-Fi, and fully equipped kitchens. Some may even have a small garden or a pool. Despite being in a relatively remote location, these homes are usually within easy reach of local shops, restaurants, and other amenities," said one expat in El Nido.
What is the average cost of housing in El Nido?
If you are thinking about moving to El Nido, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in El Nido can vary greatly depending on the type of accommodation. For a simple local house or apartment, the monthly rent can be quite affordable. However, for more luxurious villas or beachfront properties, the cost can be significantly higher. It's also important to note that buying property can be a complex process for foreigners due to local laws and regulations. Overall, while El Nido can be more expensive than other parts of the Philippines due to its popularity as a tourist destination, it is still generally more affordable than many Western countries," said one expat who made the move to El Nido.
Should I buy or rent a home in El Nido?
If you have not spent a lot of time in El Nido, 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 El Nido, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in El Nido for a long period, buying a home could be a good investment. Owning a property 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 long-term or if you prefer not to have the responsibilities and costs associated with homeownership. Renting offers more flexibility, as you can move more easily if your circumstances change. It also means you won't have to worry about property maintenance or unexpected repair costs. It's also worth considering the local real estate market in El Nido. If property prices are high and predicted to fall, it might be better to rent for a while and wait for a more favorable buying market. Conversely, if prices are low and expected to rise, buying could be a smart move. Lastly, consider your financial situation. Buying a home requires a significant upfront cost for the down payment, closing costs, and other fees. If you don't have enough savings or a stable income to comfortably cover these costs, renting might be a more financially prudent choice. In conclusion, both buying and renting have their pros and cons, and the best choice depends on your individual circumstances and goals. It's recommended to seek advice from a financial advisor or real estate professional before making a decision," said one person in El Nido.
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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