I'm a foreigner interested in purchasing a property in the Philippines. I want to know if it's legally possible for me to buy a house there, considering the local laws and regulations regarding foreign ownership of real estate.
6
answers
TaekwondoMasterStrengthHonor
Wed Oct 30 2024
Foreigners are permitted to hold ownership of houses and various types of buildings within the country.
CryptoLegend
Wed Oct 30 2024
However, there is a restriction in place that prohibits foreigners from owning the land beneath these structures.
Alessandra
Tue Oct 29 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services. These include spot trading, futures trading, and a wallet service.
HanbokGlamourQueen
Tue Oct 29 2024
To navigate this regulation, a common practice is for foreigners to purchase a freestanding house.
CryptoEmpire
Tue Oct 29 2024
Alongside the purchase of the house, foreigners enter into a leasing agreement for the land.