What factors do you need to consider when buying a house in the Philippines?

With the development of the Philippines in recent years, it has attracted a lot of foreigners to buy houses. According to EasyGo Yiyou International's understanding, there are also many Chinese people who plan to buy houses in Manila. EasyGo Yiyou International reminds several factors that need to be considered.

What factors do you need to consider when buying a house in the Philippines?

1. Buying a house should take into account the future appreciation space, so buying a house should be bought in places where appreciation is expected, such as near large shopping malls or subway stations. Manila, Philippines, is building a large number of subways. You can choose a house according to the planning of subway stations.

2. It is good to buy the middle and high floors. The high floors have a wide view and sufficient lighting. As soon as the curtains and windows are opened, the wind blows in, which is very comfortable.

3. Buying real estate from large enterprises is more secure. Now Manila real estate is on the rise, and many real estate projects are off-plan housing. Therefore, large enterprises are guaranteed and will not lead to unfinished property. Famous real estate companies in the Philippines include: SMDC, Ayala land and Robinsons Land Corporation. These three companies have their auction houses at ease.

Can I get a loan to buy a house in the Philippines?

Can loan yes, car loans and mortgage are the bank to sign the project, such a big cake no bank is not to eat. It is best for foreigners to go to BDO Bank for loans to buy houses in the Philippines, because this bank has a high approval rate for loans to foreign residents, and can basically apply for permanent residence visas.

Foreigners who buy a house in the Philippines can borrow the full 70% of the house at most, while Filipino nationals can borrow the full 80% of the house at most, such as one million yuan for a house, then they need to pay at least 300,000 down payment and the remaining 700,000 yuan through loans.

EasyGo Yiyou International has put forward several factors to consider for those who want to buy a house in the Philippines, hoping to help everyone. EasyGo Yiyou International has also answered the question of whether foreigners can borrow money to buy a house in the Philippines. The above is the whole content of the article, if you have any questions, please consult our customer service.