Do you have any good suggestions for buying a house in the Philippines?

1. Is the real estate price in the Philippines high? What is the average price?

The most worthwhile investment area of Philippine real estate is Manila. The average price of Maccati, the financial center, BGC, a new town inhabited by foreigners, Moa complex, Ortegas and other developed areas has reached more than 20,000. There are many small apartments of 30 square meters in prime locations, with a set of about 600,000 RMB. The price of high-end apartments is higher, ranging from 30,000 to 40,000. If the real estate is the best location in Manila, the average price can reach more than 40 thousand, and the housing will be extremely popular.

2. What are the investment advantages of Philippine real estate?

When China and western countries are facing the problem of aging population, the Philippines, with a population of over 100 million, has 75% of the working population, which is the core force of sustainable economic development. HSBC predicts that by 2050, the Philippines will become the largest economy in the world 16 and in Southeast Asia. At the same time, there are 6,543,800,000 overseas workers in the Philippines, and they have obtained huge foreign exchange. Returning to China to buy a house is the first choice for investment, and domestic demand is sufficient. As an important international metropolis in the Asia-Pacific region, Manila's residential apartments are in short supply, and the rent is high. The annual rental return is 6- 10%, and the property appreciation is stable. At the same time, less than 2% Chinese in the Philippines control more than 70% of the country's economy and are in an absolute monopoly position.

3. Is there any difference between the apartment type and orientation of real estate in the Philippines and that in China?

The houses in the Philippines are not as strong as those in China. The Philippines has a low latitude and the sun comes out early. Although the houses facing west are exposed to the sun, the sunset in the Philippines is very early, especially in the rainy season. It rained in the afternoon and there was no sun after the rain. The temperature is right. As far as apartment types are concerned, there are many apartment buildings in Maccati, and even large apartment types are small.

4. What are the policies for foreigners to invest in Philippine real estate?

Foreigners can only buy apartments, not houses with land. Foreigners can buy as many houses as they want. If you have a work visa here, you can apply for a loan, which is easy to approve. The interest rate is about 8%. Because houses in the Philippines are permanent property rights. But before, some developers of old houses rented land, and all the property rights were only a few decades, but now the new houses are basically permanent property rights.