All an expat needs to know about buying Philippine property

MANILA: There is a general perception that owning property in the Philippines is almost impossible for expats. But that is not 100 percent true. It’s only that the government has set few terms for doing so. An expat, for example, can buy a condo or high-rise apartment. Condos or condominiums are apartment blocks that are governed by rules, that as a community living there, everyone must abide b

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Property investment in Philippines still best option for OFWs

DUBAI: Overseas Filipino workers’ (OFW) remittances are one of the mainstays of the Philippine economy and it is only set to increase as more people move out of the country in search of better opportunities. It is a good decision for people staying outside to invest in property back home as OFWs will tend to return back home one day and by then the returns from the investments will be a steady

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ASEAN integration to boost Philippine real estate

MANILA: The Association of Southeast Asian Nations (ASEAN) Integration in 2015 will have a profound impact on the economic landscape of the whole region, particularly the real estate industry. From a single market within each country, the ASEAN Economic Community will produce an adjoined market of 600 million people, Philippine Star reported. Lamudi, an online property portal, identified three k

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The mystery and history of Manila street names

MANILA: Names like Vito Cruz, Pedro Gil, Ongpin roll off our tongues with utmost ease and frequency as they have become so much a part of our lives. Our readers will be surprised to know that all these streets come with their own trivia behind the naming. Pedro Gil was named after a representative for the south district of Manila in 1927 who also served as the Minority Floor Leader in the House o

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Look for your ideal type

Before settling for one type of property – a house, a condo, or a townhouse – you need to consider your priorities and needs. If you have a family, you might see a house as a better venue for raising your children, said the report. But if you’re somebody who lives a fast-paced lifestyle and needs to be in the center of everything, a condo would be a better option, it adds.

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Buy what you can afford

These days, a lot of really affordable properties options are available to choose from. Be a smart buyer by staying within your means. This way, not all of your money goes into paying off the house, with nothing left to set aside as savings. Face it; it’s much easier to be prepared for unexpected financial difficulties than having to deal with them as they happen. If you’re buying using a

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Check for noise and safety issues

Yeah, you love the house, but having a noisy neighbor can be troublesome. Regularly pulling night shifts means being home in the day, so you don't want a neighbor that's making a racket while you're trying to get some sleep. Also, find out how safe the surroundings of your new house is by asking neighbors about security issues, the website advises. If you normally take public transport, visit

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Think long term

Are your kids at the moving-out age? Are your parents living with you? Do you plan to retire in this home eventually? When you’re picking out a home, always look for one that you’ll be living in for at least five years. Occupying a property for a long time will also keep you from wasting a lot of time, money, and effort that one normally spends moving from one house to another. Also, rememb

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Look for location

Location, location, location didn’t become a popular saying for nothing. The place where your new home is should probably be at the top of your list of factors to consider. Be wise in choosing the location of your house because it will benefit you in the long run. Think about its proximity to your workplace, your kids’ school, hospitals, malls, banks, and all the other places you visit ofte

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Things that should be done while buying a dream home

MANILA: All of us have the picture of our dream house etched perfectly in our mind. However, sometimes, in our quest to find a home with a large garden, a white fence and large bay windows, we tend to miss out on some important points. These tips will guide you in finding a property that’s perfect in ways more than one. [advps-slideshow optset="4"]

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