Frequently Asked Questions

Foreigners cannot own land in the Philippines, but they can own condominium units (up to 40% of the building's total units). They can also lease land for up to 50 years, renewable for another 25 years. Foreign nationals married to Filipino citizens may also have options through their spouse.

Condo prices in Makati typically range from PHP 5 million to PHP 30 million depending on the size, location, and amenities. Studio units start around PHP 5-8 million, while larger 2-3 bedroom units in prime locations like Ayala Center can exceed PHP 20 million. Check our Makati listings for current market prices.

MLS.PH has a verification system to help you identify trustworthy sellers. Look for the 'Verified' badge which means the seller has verified their email and Facebook profile. 'Verified Broker' and 'Verified Salesperson' badges indicate licensed real estate professionals with PRC credentials verified by our team.

To buy property, you'll need: valid government-issued IDs, Tax Identification Number (TIN), proof of income or financial capacity, and if applicable, marriage certificate. The seller should provide: Transfer Certificate of Title (TCT), Tax Declaration, Real Property Tax receipts, and other clearances.

This depends on your situation. Buying is better for long-term residents who want to build equity and have stable finances. Renting is better if you need flexibility, are new to an area, or don't have sufficient down payment. Consider factors like location, property appreciation potential, and your financial goals.

The typical process is: 1) Search and view properties, 2) Submit a Letter of Intent and reservation fee, 3) Due diligence (title verification, tax checks), 4) Sign Contract to Sell, 5) Pay down payment (typically 20-30%), 6) Secure financing if needed, 7) Sign Deed of Absolute Sale, 8) Pay remaining balance, 9) Transfer title to your name.

Pag-IBIG (Home Development Mutual Fund) offers housing loans to Filipino citizens who are Pag-IBIG members. Benefits include lower interest rates (currently 5.375-6.375% p.a.), longer payment terms (up to 30 years), and lower down payment requirements. Maximum loan amount is PHP 6 million for most properties.

Typical down payments range from 10% to 30% of the property price. Bank financing usually requires 20% down payment, while Pag-IBIG may allow as low as 10% for some properties. Some developers offer flexible payment terms with lower initial payments spread over the construction period.

Buyer's costs include: Documentary Stamp Tax (1.5% of selling price), Transfer Tax (0.5-0.75% depending on location), Registration fees (about 0.25%), and Title insurance. The seller typically pays Capital Gains Tax (6%) or Creditable Withholding Tax. Total transfer costs are usually 5-7% of property value.

Affordable housing options can be found in areas surrounding Metro Manila like Bulacan (San Jose del Monte, Meycauayan), Cavite (General Trias, Imus), Laguna (Santa Rosa, Calamba), and Rizal (Antipolo, Taytay). These areas offer lower prices while maintaining reasonable commute times to Metro Manila.

To list your property: 1) Create an account on MLS.PH, 2) Verify your email and add your Facebook profile to get verified status, 3) Click 'New Listing' in your dashboard, 4) Fill in property details, photos, and pricing, 5) Publish your listing. Verified users can post up to 5 listings per week.

A real estate broker is a licensed professional who can operate independently, manage a brokerage, and supervise salespersons. A salesperson must work under a licensed broker. Both must pass PRC board exams. On MLS.PH, look for 'Verified Broker' or 'Verified Salesperson' badges to identify licensed professionals.