[et_pb_section fb_built=”1″ _builder_version=”4.24.2″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” width=”100%” custom_padding=”11px||11px|||” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_image src=”https://versailles.com.ph/wp-content/uploads/2024/03/can-foreigners-buy-real-estate-in-the-philippines.jpg” alt=”12-lucky-fruits-for-new-years-eve” title_text=”can-foreigners-buy-real-estate in the philippines” _builder_version=”4.24.2″ _module_preset=”default” module_alignment=”center” global_colors_info=”{}” theme_builder_area=”post_content”][/et_pb_image][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Proza Libre|300|||||||” text_text_color=”#000000″ text_font_size=”15px” text_orientation=”justified” global_colors_info=”{}” theme_builder_area=”post_content”]
Can foreigners buy real estate property in the Philippines?
In the Philippines, there are restrictions on foreign property ownership, primarily outlined in the Constitution to protect national interests. This article explores the legal framework surrounding property ownership and the options available to foreigners interested in investing in Philippine real estate.
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”EB Garamond||||||||” header_2_font=”Marcellus||||||||” global_colors_info=”{}” theme_builder_area=”post_content”]
Constitutional Limitations on Foreign Property Ownership
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Proza Libre|300|||||||” text_text_color=”#000000″ text_font_size=”15px” text_orientation=”justified” global_colors_info=”{}” theme_builder_area=”post_content”]
The Philippine Constitution, of 1987, prohibits foreigners from owning land or buying house and lots, to safeguard national sovereignty and prioritize Filipino citizens’ rights. While foreigners are restricted from buying land in the Philippines, there are still available options.
[/et_pb_text][et_pb_image src=”https://versailles.com.ph/wp-content/uploads/2024/03/Condominium-for-Sale.jpg” alt=”fresh pomegranate fruit” title_text=”Condominium-for-Sale” _builder_version=”4.24.2″ _module_preset=”default” width=”70%” module_alignment=”left” global_colors_info=”{}” theme_builder_area=”post_content”][/et_pb_image][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”EB Garamond||||||||” header_2_font=”Marcellus||||||||” global_colors_info=”{}” theme_builder_area=”post_content”]
Condominium Ownership: A Viable Option
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Proza Libre|300|||||||” text_text_color=”#000000″ text_font_size=”15px” text_orientation=”justified” global_colors_info=”{}” theme_builder_area=”post_content”]
One option for foreigners is to own condominium units. Unlike lands or houses and lots covered by TCT (Transfer Certificate of Title), condominiums have different legal rules and are covered by CCT (Condominium Certificate of Title) thus allowing foreign ownership under certain conditions. However, it’s important to note that the Condominium “Republic Act 4726, section 5” of the Philippines requires at least 60% of units in a condominium project to be owned by Filipino citizens.
[/et_pb_text][et_pb_image src=”https://versailles.com.ph/wp-content/uploads/2024/03/Long-Term-Lease-Agreement.jpg” alt=”fresh pomegranate fruit” title_text=”Long-Term-Lease-Agreement” _builder_version=”4.24.2″ _module_preset=”default” width=”70%” module_alignment=”left” global_colors_info=”{}” theme_builder_area=”post_content”][/et_pb_image][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”EB Garamond||||||||” header_2_font=”Marcellus||||||||” global_colors_info=”{}” theme_builder_area=”post_content”]
Long-Term Leases: An Alternative Approach
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Proza Libre|300|||||||” text_text_color=”#000000″ text_font_size=”15px” text_orientation=”justified” global_colors_info=”{}” theme_builder_area=”post_content”]
In addition to condominium ownership, foreigners can opt for long-term lease agreements for land and property in the Philippines. While this arrangement doesn’t confer ownership traditionally, it offers a practical solution for individuals seeking to establish a long-term presence in the country without contravening constitutional restrictions.
[/et_pb_text][et_pb_image src=”https://versailles.com.ph/wp-content/uploads/2023/05/VG.jpg” alt=”Sweet fresh grapes” title_text=”VG” _builder_version=”4.24.2″ _module_preset=”default” width=”70%” global_colors_info=”{}” theme_builder_area=”post_content”][/et_pb_image][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”EB Garamond||||||||” header_2_font=”Marcellus||||||||” global_colors_info=”{}” theme_builder_area=”post_content”]
Versailles Alabang: A Unique Opportunity for Foreign Buyers
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Proza Libre|300|||||||” text_text_color=”#000000″ text_font_size=”15px” text_orientation=”justified” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]
Amidst the legal complexities surrounding property ownership in the Philippines, there are exceptional cases tailored to cater to foreign investors. One such example is Versailles Alabang, a premier residential development that presents an enticing opportunity for foreigners to invest in landed property in the Philippines. The development offers townhouses with Condominium Certificate of Title (CCT), providing assurance that ownership aligns with legal requirements, thus offering peace of mind and convenience to investors.
[/et_pb_text][dsm_text_badges main_text=”Ready For Occupancy Unit” badges_text=”Available” badges_background_color=”#004c46″ _builder_version=”4.24.2″ _module_preset=”default” header_font=”Poppins||||||||” badges_font=”Poppins||||||||” positioning=”relative” vertical_offset=”19px” vertical_offset_tablet=”19px” vertical_offset_phone=”19px” vertical_offset_last_edited=”on|desktop” custom_margin=”||-7px|||” global_colors_info=”{}” theme_builder_area=”post_content”][/dsm_text_badges][et_pb_image src=”https://versailles.com.ph/wp-content/uploads/2023/05/Chateau-Mansion-Townhouse-1920×1080-size.jpg” alt=”Sweet fresh grapes” title_text=”Chateau-Mansion-Townhouse-1920×1080-size” url=”https://versailles.com.ph/chateau-mansion-townhouse-model” _builder_version=”4.24.2″ _module_preset=”default” width=”70%” global_colors_info=”{}” theme_builder_area=”post_content”][/et_pb_image][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”EB Garamond||||||||” header_2_font=”Marcellus||||||||” global_colors_info=”{}” theme_builder_area=”post_content”]
The Chateau Mansion Townhouse: A Coveted Investment Opportunity
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Proza Libre|300|||||||” text_text_color=”#000000″ text_font_size=”15px” text_orientation=”justified” global_colors_info=”{}” theme_builder_area=”post_content”]
Among the offerings of Versailles Alabang, the Chateau Mansion Townhouse stands out as a prime investment or retirement choice for foreigners. Boasting luxurious amenities, a strategic location, and impeccable legal compliance, it represents a compelling opportunity for expatriates and foreign nationals looking to invest or retire in Philippine real estate.
[/et_pb_text][et_pb_button button_url=”https://versailles.com.ph/chateau-mansion-townhouse-model” button_text=”LEARN MORE” button_alignment=”left” _builder_version=”4.25.0″ _module_preset=”default” custom_button=”on” button_text_color=”#004c46″ button_border_width=”1px” button_border_color=”#004c46″ button_font=”Marcellus||||||||” positioning=”relative” vertical_offset_tablet=”” vertical_offset_phone=”” vertical_offset_last_edited=”on|desktop” horizontal_offset_last_edited=”off|desktop” locked=”off” global_colors_info=”{}” button_bg_color__hover_enabled=”on|desktop” button_bg_color__hover=”#dbaa00″ button_bg_enable_color__hover=”on” button_border_width__hover_enabled=”off|desktop” button_border_color__hover_enabled=”on|desktop” button_border_color__hover=”RGBA(255,255,255,0)” button_text_color__hover_enabled=”on|desktop” button_text_color__hover=”#FFFFFF” theme_builder_area=”post_content”][/et_pb_button][et_pb_divider color=”#dbaa00″ _builder_version=”4.24.2″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][/et_pb_divider][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”EB Garamond||||||||” header_2_font=”Marcellus||||||||” global_colors_info=”{}” theme_builder_area=”post_content”]
FAQs
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Marcellus|300|||||||” text_text_color=”#000000″ text_font_size=”15px” custom_margin=”||1px|||” global_colors_info=”{}” theme_builder_area=”post_content”]
Can foreigners buy real estate property in the Philippines?
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Proza Libre|300|||||||” text_text_color=”#000000″ text_font_size=”15px” global_colors_info=”{}” theme_builder_area=”post_content”]
No, foreigners are generally prohibited from owning land, except in specific cases like condominium ownership or long-term leases.
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Marcellus|300|||||||” text_text_color=”#000000″ text_font_size=”15px” custom_margin=”||1px|||” global_colors_info=”{}” theme_builder_area=”post_content”]
What are the restrictions on condominium ownership by foreigners?
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Proza Libre|300|||||||” text_text_color=”#000000″ text_font_size=”15px” global_colors_info=”{}” theme_builder_area=”post_content”]
Foreigners can own condominium units however, at least 60% of the units in a project must be owned by Filipinos, as per the Condominium Republic Act 4726, section 5.
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Marcellus|300|||||||” text_text_color=”#000000″ text_font_size=”15px” custom_margin=”||1px|||” global_colors_info=”{}” theme_builder_area=”post_content”]
What is CCT, and why is it important for foreign investors?
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Proza Libre|300|||||||” text_text_color=”#000000″ text_font_size=”15px” global_colors_info=”{}” theme_builder_area=”post_content”]
A CCT is a government issued document which serves as evidences of ownership of a condominium unit. It defines information pertaining to a unit and providing legal assurance to foreign investors regarding their ownership rights.
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Marcellus|300|||||||” text_text_color=”#000000″ text_font_size=”15px” custom_margin=”||1px|||” global_colors_info=”{}” theme_builder_area=”post_content”]
Why is Versailles Alabang highlighted as a unique opportunity for foreigners?
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Proza Libre|300|||||||” text_text_color=”#000000″ text_font_size=”15px” global_colors_info=”{}” theme_builder_area=”post_content”]
Versailles Alabang offers townhouses covered by CCT, ensuring legal compliance and providing an attractive investment option for foreigners seeking to own property in the Philippines.
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Marcellus|300|||||||” text_text_color=”#000000″ text_font_size=”15px” custom_margin=”||1px|||” global_colors_info=”{}” theme_builder_area=”post_content”]
How long can foreigners lease property in the Philippines?
[/et_pb_text][et_pb_text _builder_version=”4.25.0″ _module_preset=”default” text_font=”Proza Libre|300|||||||” text_text_color=”#000000″ text_font_size=”15px” global_colors_info=”{}” theme_builder_area=”post_content”]
Foreigners can enter long-term lease agreements for land and property, typically ranging from 25 to 50 years, renewable for another 25 years.
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]