Retiring in PH: Criteria for Buying a House

Posted on Apr 5 2018 - 3:57pm by Home Gurus

Manila skyline during sunsetThe Philippines is an attractive place to retire. Despite its growing economy, the cost of living in the country is generally low, giving more value for your foreign money. Filipinos are great English-speakers and welcoming to any nationality.

As a tropical archipelago, the Philippines has over 7,000 islands with unique and breath-taking natural wonders. Although it has relatively bad infrastructure, the status quo is bound to improve with the government’s aggressive spending on new expressways and mass transportation systems.

When it comes to buying a property, here are some of the most important things you ought to consider.


Location is definitely a prime consideration to achieve your retirement goals. If you want to wake up in a paradise, you should consider buying a property in a less developed and less populated area. But if city living suits you, think about settling in the metro’s outskirts.

The location can affect the kind of properties you can buy. In Metro Manila, condominiums are more popular due to land scarcity and overpopulation.

If you want to have a single-detached house in proximity to the capital, Lancaster New City reviews would recommend you to shop around in CALABARZON. The region has the largest stock of homes with rising prices.

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If you need to apply for a housing loan, your income determines how much you can borrow. Many local banks you grant your application if you the necessary visa requirement or gain permanent residency status.


Almost no lender in the Philippines would loan you 100% of the property’s selling price. This means you have to put down about 20% of the appraised value of the house and lot. If you want a property with large land and floor area, your down payment might reach hundreds of thousands of pesos.

Set of Amenities

Beyond the property itself, make sure your chosen location and neighborhood offer the amenities you need for daily living. Urbanized areas generally have no shortage of recreational centers.

Some properties might not have adequate parking space, so clarify it early with the real estate agent or developer to manage your expectations.

Choosing to retire abroad is rarely an easy decision, but the Philippines can quickly make you feel at home. If you exercise due diligence, you can move and adapt to the Pearl of the Orient with little fuss.

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