Is it advisable to buy a house in the Philippines? EasyGo International Analysis!

Buying a house is a hobby of many Chinese people. Buying a house is mainly used for investment. Ten years ago, China's real estate industry was very popular. Now China is no longer suitable for buying a house and investing. So many people have put their eyes on Southeast Asia. EasyGo Yiyou International knows the Philippines very well. This article will talk about the topic of whether the Philippines is suitable for buying a house.

Is it suitable for the Philippines to buy a house?

Suitable, but only suitable for buying a house in Manila, because other cities have little room for improvement. Manila is the most economically developed area in the Philippines. The economy of Manila accounts for 37% of the Philippines. The per capita income level here is also the highest. People want to start a real estate when their income is high. Therefore, the supply of houses in Manila is in short supply. Many real estate companies are rushing to build houses in Manila.

When supply falls short of demand, house prices will rise slightly, but this is not terrible, because houses in Manila, Philippines, have more room for appreciation in the future. Philippine real estate has just started, just like China more than a decade ago, and Manila is not a small city, but an international metropolis. A large number of infrastructure construction and supporting facilities are being built here. After the completion of infrastructure and supporting facilities, it will stimulate a wave of rising house prices.

In terms of transportation, Manila's ground traffic is congested and chaotic. The government has made great efforts to develop the subway. Three lines have been built and put into use. According to the latest news, the Philippine government is building Line 4 and Line 5 at the same time. According to the development plan, Manila will build 15 subway lines in the future. Subway stations are also a factor stimulating the increase in housing prices.

What identity does it take to buy a house in the Philippines?

Philippine real estate is permanent, so the government also has a little requirement for foreigners to buy houses in the Philippines. Foreigners who want to buy houses in the Philippines need to obtain permanent residence visas, that is, 13A visas and immigration visas. The person who has a permanent residence visa is the immigration status of the Philippines. Only with this status can you buy a house.

EasyGo Yiyou International has analyzed whether the Philippines is suitable for buying a house from several aspects, and also answered how foreigners can buy a house in the Philippines. If you also want to buy a house in Manila, come to EasyGo Yiyou International to help you apply for a permanent residence visa!