Real Estate in San Juan, Philippines
Last updated on Jul 17, 2024
Summary: People living in San Juan, Philippines offer advice about real estate. How do you find a home in San Juan? Should you buy or rent? What is the cost of housing?
How do I find a place to live in San Juan?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in San Juan involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a larger house, depending on your needs and financial situation. Next, you should research different neighborhoods in San Juan to find one that suits your lifestyle and preferences. Some areas might be closer to work or school, while others might offer more recreational activities or a quieter environment. Once you've narrowed down your options, you can start looking for available properties. There are several online platforms where you can find listings, such as Lamudi, Property24, and OLX Philippines. These websites allow you to filter results based on location, price, size, and other factors. You can also hire a real estate agent to help you in your search. They can provide valuable insights about the local market and assist you in negotiating prices. Make sure to choose an agent who is licensed and has a good reputation. When you find a property you're interested in, arrange a visit to inspect it in person. Check the condition of the property, the amenities, and the surrounding area. If you're renting, ask about the terms of the lease and any additional fees. Finally, once you've found a place you're happy with, you can proceed with the necessary paperwork. This usually involves signing a contract and paying a deposit. If you're buying a property, you'll also need to secure a mortgage and handle the legal aspects of the transfer of ownership. Remember, finding a place to live can take time, so be patient and don't rush the process. It's important to find a place where you'll be comfortable and happy," said one person in San Juan.
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What is a typical expat home or apartment like in San Juan?
"A typical expat home or apartment in San Juan is often located in a secure, gated community or a high-rise condominium. These homes are usually spacious, with multiple bedrooms and bathrooms, a fully equipped kitchen, and a living room area. They often come furnished with modern amenities such as air conditioning, high-speed internet, and cable TV. Some may also have a balcony or terrace with views of the city or nearby green spaces. The buildings often provide a range of facilities such as a swimming pool, gym, and sometimes even a function room for events. They are usually located close to shopping centers, restaurants, international schools, and healthcare facilities for convenience. The architecture and interior design can vary, ranging from modern and contemporary to more traditional Filipino styles. Some expats may choose to add personal touches to make the space feel more like home. Despite being in the city, it's not uncommon for these homes to be surrounded by lush greenery, providing a sense of tranquility amidst the urban setting. Security is typically a priority in these homes, with 24/7 security services, CCTV cameras, and sometimes even a private guard. Despite being in a bustling city, these homes often provide a peaceful and comfortable living environment for expats," explained one person living in San Juan, Philippines.
What is the average cost of housing in San Juan?
If you are thinking about moving to San Juan, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in San Juan can vary greatly depending on the type and size of the property. For a standard family home, the cost can be quite high due to the city's popularity and high demand for real estate. Luxury properties and condominiums in prime locations can be particularly expensive. However, more affordable options can be found in less central areas or in the form of smaller apartments or townhouses. It's also worth noting that the cost of living in San Juan is generally higher than in other parts of the Philippines," said one expat who made the move to San Juan.
Should I buy or rent a home in San Juan?
If you have not spent a lot of time in San Juan, 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 San Juan, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in San Juan for a long time, 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 in the area for a long period or if you prefer not to have the responsibilities that come with homeownership. Renting can offer more flexibility, as it's easier to move if your circumstances change. It also means you won't have to worry about maintenance costs or property taxes, which are typically covered by the landlord. However, the rental market in San Juan can be competitive, and rental prices may be high depending on the area. It's also worth considering that when you rent, you won't see a return on the money you spend, whereas buying a home can be an investment that grows over time. In conclusion, both buying and renting have their pros and cons, and the best choice depends on your individual circumstances and goals. It's important to carefully consider your options and perhaps seek advice from a financial advisor or real estate professional before making a decision," explained one person living in San Juan, 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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