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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 house price in Maccati, its financial center, BGC, a new city where foreigners live, and several developed areas such as MOA Complex and Ortigas has exceeded 20,000 pounds. There are many small apartments of 30 square meters in the prime location, with a set of about 600 thousand RMB. The price of high-end apartments is higher, ranging from 30 thousand to 40 thousand. 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?

While China and western countries are facing the problem of aging population, the Philippines, with a population of over 100 million, has a working population of 75%, which is the core force of sustainable economic development. HSBC predicts that by 2050, the Philippines will become the largest economy in the world and the largest economy in Southeast Asia. At the same time, the Philippines has 6,543,800,000 overseas workers and has obtained huge foreign exchange. Returning to China to buy a house is the first choice for investment, and the domestic demand is sufficient. As an important international metropolis in the Asia-Pacific region, Manila's residential apartments are in short supply, with high rents. The annual rental return rate 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 type and orientation of Philippine real estate and China?

The western sun exposure of Philippine houses is not as strong as that of China. The Philippines has a low latitude and the sun rises 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 have small areas.

4. What is the policy 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 in the past, some developers rented land for their old houses, and all the property rights were only a few decades, but now the new houses are basically permanent property rights.