How to find a townhouse for sale in the Philippines

Are you considering to buy property abroad? Are you wanting to buy or sell property abroad or are you simply looking for an investment opportunity abroad? İs the Philippines on your list and if so, then read this article. This article will provide a guide on how to find a townhouse for sale and real estate in the Philippines.

The Philipines

All about the Philipines
The Philippines, officially known as the Republic of the Philippines, is a country in Southeast Asia in the Western Pacific Ocean. Vietnom is found on the West across the South of China Sea. The Sulu sea to the south-west lies between the country and the island of Borneo and to the south of the Celebes sea separates it from other islands of Indonesia. It is bounded on the east by the Philipine sea. Its location on the Pacific ring of fire and its tropical climate make the Philippines prone to earthquakes and typhoons. However, they also endowed the country with natural resources and made it one of the richest areas of biodiversity in the world. The Philipines has an estimated population of about 94 million people and is the world's 12th populous country.

Property guide

As a rule of thumb, only Filipino citizens and corporations or partnerships with least 60% of the shares are owned by Filipinos. Hence, they are entitled to acquire land and townhouses in the Philippines. Foreigners can acquire land in the Philippines only on a few exceptions: 1) Acquisition before the 1935 constitution. 2) Acquisition through hereditary succession if the foreigner is a legal heir. 3) Purchase of not more than 40% interest as a whole in a condominium project. 4) Purchase by a former natural born Filipino citizen who acquired foreign citizenship and has not applied and granted dual citizenship. Hence, he can purchase up to 1,000 square meters of residential land and 1 hectare of agricultural or farm land. By law, foreigners don't have the right to acquire land in the Philippines. Only Filipino citizens can own land (there have been many proposals to amend this law, but as of this writing, the law remains unchanged.) The simplest way for a foreigner to acquire real estate properties is to have a Filipino spouse purchase a property in his/her name.