How about investing in real estate, buying a house and emigrating in the Philippines? I heard that you can buy a set for only 380 thousand. What should I pay attention to?

Compared with big cities in China, houses in the Philippines are still much cheaper. Coupled with the rapid growth of the real estate market in recent years, buying a house has become one of the first choice markets for investment. But what should a foreigner know when buying a house in the Philippines?

1. Can foreigners buy land?

Foreigners can only buy apartments, not houses with land. Unless you find a local to hang the house in his name, but this way is too risky and not desirable!

How many houses can foreigners buy?

Foreigners can buy as many houses as they want.

3. Can I apply for a loan?

If you have a work visa here, you can apply for a loan, which is easy to approve. The interest rate is about 8%.

4. Are there any restrictions in the immigration room? ?

If you want to buy a house, you must buy an existing house, not a pre-sale house.

5. What should I pay attention to when buying a house? ?

When buying a house, you'd better go to the scene to see for yourself. Because some houses are very good and upscale, but the surrounding environment is not good. Many developers say the location of the house is good, but the traffic jam in Manila is too serious. Some developers say that the house is only 10 minutes away from the financial district, but in fact, it takes 1 hour or more most of the time. They mean when the roads are not crowded. So you have to go back and forth by car to know.

6. How to go through the formalities?

If you buy a house directly from the developer, the developer will go through all the formalities. If you buy it from the owner, you'd better ask a lawyer to help you pass the contract (the lawyer's fee here is not expensive, don't worry, some lawyers have read the contract. Especially the contract is not in Chinese, I can't understand it myself)

7. How to choose a house in the Philippines?

As for what kind of house is good, it depends entirely on your own needs. There are basically only a few developers. Ayala land is the largest and most famous, but the house is also more expensive than other companies, but the location is good. Century property design and decoration is good, and the design is very innovative. The house developed by Megaworld is also more expensive, but it has advantages in immigration and can help immigrants.

8. How many years is the property right of the house? ?

Houses in the Philippines are permanent property rights. But before, some developers of old houses rented land, and all property rights were only a few decades. But now the new house is basically a permanent property right.

9. What is the tax situation?

Second-hand house: 6% for the seller and 3% for the buyer.

First-hand house: VAT: 12% (included in the house price), and there is another fee, which is generally around 6% depending on the developer.