Philippines
Should I buy or rent a home in Philippines?
If you have not spent a lot of time in Philippines, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"I am renting with an eye on building something on leased land. It is made difficult, mostly by cheap available rents," remarked another expat who made the move to Cebu, Philippines.
"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," explained one expat living in Davao, Philippines.
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SJB GlobalSJB-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. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Other Questions:
- What do I need to know before retiring in Philippines?
- How do I meet people in Philippines?
- What is life like in Philippines?
- Is there a lot of crime in Philippines?
- Is there a lot of diversity? Are people in Philippines accepting of differences?
- What are the schools in Philippines like?
- Is the cost of living in Philippines high?
- What advice do you have for expats having a baby in Philippines?
- What are healthcare services like in Philippines?
- Is the cost of living in Philippines high?
- What type of recreational facilities are in Philippines?
- What is the weather like in Philippines?
- Are there good restaurants in Philippines?
- Where will I buy groceries and do other shopping in Philippines?
- What are the visa & residency requirements in Philippines?
- Are healthcare and health insurance expensive in Philippines?
- What do I need to know when buying property in Philippines?
- Are foreigners allowed to own property in Philippines?
- What appliances are typically included in a rental?
Should I buy or rent a home in Philippines?
If you live in Philippines, newcomers to Philippines would love to hear your answer to this question.
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.