Can Filipino immigrants buy a house and what are the restrictions on buying a house in the Philippines?

Nowadays, people's life is getting better and better, so people begin to pay attention to other things. For example, many people see the benefits of emigrating to the Philippines, so they are prepared to buy a house in the Philippines. in fact, the philippines provides a very favorable immigration policy for the development of chinese citizens. However, if you want to buy a house in the Philippines, you should know the conditions and restrictions of the Philippine immigration policy before buying a house.

Philippine Immigration Policy

For foreigners, there are two kinds of immigration policies to choose from. One category is retired immigrants. The main content of this immigration method is that according to the age of the applicant, those over 50 years old are 20,000 US dollars. If the applicant has a spouse and unmarried children under the age of 21, there is no need to increase the investment. The last one is no criminal record. According to the above conditions, you can apply for retirement immigration in the Philippines

Investment immigration means that the 21-year-old applicant with no criminal record invests $75000 in the Philippines, which can be used to set up a company, invest in an established company, or buy shares in a listed company.

The Relationship between Immigration Policy and House Purchase

In the Philippine policy, foreigners can buy a house directly in the Philippines. As long as they buy a house, they can have permanent residency. And there is no limit to the number of times you buy a house. The only condition is that in unified real estate, only 40% houses can be sold to foreigners. If it exceeds 40%, foreigners in the real estate field will not be eligible to buy houses. Apartments in the Philippines have no shared area and are largely hardcover when delivered. They also have the same buying policy as Filipinos. They can enjoy loan services and real estate protection provided by the Philippines.

If you want to know more about Filipino immigrants, you can choose to consult the customer service of the website. They will answer various conditions about buying a house or emigrating in the Philippines with a professional attitude and solve various difficult problems for you.