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Real Estate in Moalboal, Philippines | Digital Nomad Exchange
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Real Estate in Moalboal, Philippines

By Betsy Burlingame

Last updated on Nov 07, 2024

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

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How do I find a place to live in Moalboal?

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

"Finding a place to live in Moalboal 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 beachfront villa. Next, you should research the different areas in Moalboal. The town is divided into several barangays or neighborhoods, each with its own unique characteristics. Some popular areas include Panagsama Beach, known for its vibrant nightlife and diving spots, and White Beach, which is quieter and more residential. Once you have a clear idea of where you want to live, you can start looking for available properties. There are several online platforms where you can find listings, such as Lamudi, Dot Property, and Property24. These websites allow you to filter results based on location, price, and type of property. In addition to online listings, you can also contact local real estate agents. They have extensive knowledge of the local market and can help you find properties that match your criteria. Make sure to communicate your needs and preferences clearly to your agent. When you find a property you're interested in, arrange a viewing. This will give you a chance to inspect the property and the surrounding area. Pay attention to the condition of the property, the availability of amenities, and the overall atmosphere of the neighborhood. Before signing a lease or purchasing a property, make sure to read the contract carefully. If you're not familiar with Philippine real estate laws, consider hiring a lawyer to review the contract. Finally, once you've found your ideal home and everything is in order, you can proceed with the necessary paperwork and payments. Remember to keep all receipts and documents for future reference," said one person in Moalboal.

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What is a typical expat home or apartment like in Moalboal?

"A typical expat home or apartment in Moalboal, is often located near the beach, offering stunning sea views. These homes are usually fully furnished, featuring a mix of modern and traditional Filipino design elements. The living area is spacious, often with an open-plan layout that includes a dining area and a fully equipped kitchen. Bedrooms are comfortable, often air-conditioned, and come with ample storage space. Bathrooms are usually equipped with hot and cold showers. Many homes also have outdoor spaces like balconies or patios, perfect for relaxing and enjoying the tropical climate. Some properties may also include amenities like a private pool, garden, or access to a community clubhouse. Security is typically good, with many homes located within gated communities. Despite being in a relatively rural area, these homes often have reliable internet access, making them suitable for remote work," said one person in Moalboal.

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What is the average cost of housing in Moalboal?

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

"The average cost of housing in Moalboal can vary greatly depending on the type of accommodation. For a simple, local-style house or apartment, the monthly rent can be quite affordable. However, for more luxurious villas or beachfront properties, the cost can be significantly higher. On average, one might expect to pay a moderate amount for a decent house or apartment in Moalboal. It's also important to note that buying property can be a complex process for foreigners in the Philippines, so many choose to rent instead," said one expat in Moalboal.

Should I buy or rent a home in Moalboal?

If you have not spent a lot of time in Moalboal, 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 Moalboal, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Moalboal for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and gives you a sense of stability and permanence. On the other hand, if you're unsure about your long-term plans or if your financial situation is unstable, renting might be a better option. Renting offers more flexibility as you can easily move if your circumstances change. It also doesn't require a large upfront investment like buying a home does. Consider the cost of living, property prices, and rental rates in Moalboal. Also, think about the responsibilities that come with owning a home, such as maintenance and repairs, property taxes, and homeowners insurance. Renting is generally less of a hassle as the landlord typically handles most of these issues. Lastly, consider seeking advice from real estate professionals or financial advisors who are familiar with the Moalboal market. They can provide valuable insights and help you make an informed decision," said one person in Moalboal.

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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