In the Philippines only Filipinos can own land. Consequently it is almost impossible
for foreigners to own a house and lot. However, there are no restrictions on
condominiums or apartments. A foreigner buying a condominium will receive a
freehold deed of ownership, exactly the same as a Filipino. There are no
restrictions on you occupying or renting. If you decide you wish to sell at some
time in the future you are free to export your money with no restrictions.
A common problem with buying a house and lot is where a Filipina is married
to a foreigner and the house and lot is bought in the Filipina wife's name. On
the death of the Filipina the property cannot pass to the husband, as he is not
a Filipino national, nor to any children they may have that have foreign
nationality, and the property has to pass to Filipino relatives of the wife's
family. This is not a problem with condominiums, as they can be passed on
to Non Filipino nationals.
Another problem can arise with house and lots where both husband and wife are
Filipinos. If they are working abroad and have children who gain citizenship of
another country, then these children are unable to inherit the parents property
in the Philippines. Here again, this is not a problem with condominiums,
as they can be passed on to Non Filipino nationals.
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