These are the questions that usually ask by many. Can Foreigner buy property in the Philippines? Can they own 100% of the property when they buy properties here in the Philippines? is it easy for foreigners to buy properties in the philippines?
Yes, with a property type of Condominium. They can completely own a property 100% even without a Filipino or local citizen involved as long as they are buying a condominium property
On a condominium development, a foreigner can only get 40% on the development and 60% local investors in a condominium development base on the condominium act. Once the Condominium had reached the limited of for foreign investor which is the 40% they are not allowed to get in the same property anymore but they can still buy properties in other development that has not yet reach the limited for foreign investors.
If the foreigner buys property with a property type “land” in the philippine he or she is required to have a partner/spouse Filipino to buy a property in the Philippines the majority of the percentage should be in the Filipino citizen because foreigners are not allowed to buy any type of land in the Philippines.
It is easy to buy properties in the Philippines even if you are a foreigner in which the requirement is just to present 2 valid ids and basic information about yourself.