Can Foreigners Secure a Condo in the Philippines Without Setting Foot in the Country? Discover How You Can Make It Happen!
Investing in Philippine real estate is an attractive opportunity for foreign investors, retirees, and expatriates looking for a vacation home, rental property, or retirement unit. But if you can’t visit in person, can you still buy a condo in the Philippines?
✅ Yes, you can! Thanks to digital transactions, legal representation, and online property listings, purchasing a condominium remotely is now easier than ever. In this guide, we’ll show you how to buy a condo in the Philippines without setting foot in the country.
✔️ Can Foreigners Own Property in the Philippines?
Under Philippine law, foreigners cannot own land but are legally allowed to own condominiums—as long as foreign ownership within a building does not exceed 40% (as per the Condominium Act of the Philippines).
This makes condos the best real estate investment option for foreign buyers.
📌 Step-by-Step Guide: How to Buy a Condo in the Philippines Remotely
1️⃣ Choose the Right Condo Unit
✔ Research prime condo developments in Metro Manila, Cebu, or key investment areas.
✔ Request virtual tours, photos, and property brochures from trusted real estate agents or developers.
✔ Look for rental income potential and high appreciation value properties.
2️⃣ Secure the Unit with a Reservation Fee
✔ Pay a reservation fee (₱20,000 – ₱100,000) to lock in your unit.
✔ Accepted payment methods: bank transfer, credit card, or international remittance.
✔ Ensure all terms are clear before sending payments.
3️⃣ Sign the Contract of Sale
✔ The developer will send a Contract to Sell (CTS) via email.
✔ Print, sign, notarize in your country, and mail it back to the Philippines.
✔ Some developers allow e-signatures for faster transactions.
4️⃣ Choose Your Payment Option
Foreign buyers can pay through: ✔ Full Cash Payment – Simplest and fastest method.
✔ Developer’s In-House Financing – Monthly installment plans.
✔ Bank Home Loans (for select foreigners) – Some Philippine banks offer housing loans to foreigners.
5️⃣ Grant a Special Power of Attorney (SPA) (Optional but Recommended)
✔ If you can’t personally sign documents in the Philippines, appoint a trusted representative with a Special Power of Attorney (SPA).
✔ This person can legally sign contracts and process documents on your behalf.
✔ The SPA must be notarized and authenticated at a Philippine Embassy.
6️⃣ Finalize the Sale and Get Your Condominium Title
✔ Once full payment is made, the Deed of Absolute Sale is processed.
✔ The developer issues a Condominium Certificate of Title (CCT) under your name.
✔ Your property is officially registered with the Registry of Deeds.
💡 Pro Tips for a Hassle-Free Condo Purchase
✔ Work with a trusted real estate agent or developer to avoid scams.
✔ Ensure the condo complies with the 60% Filipino ownership rule.
✔ Use secure, traceable payment methods for international transactions.
✔ Check if your unit qualifies for a long-term visa (e.g., SRRV for retirees).
🔹 Why Invest in a Condo in the Philippines?
🏡 High rental demand – Ideal for expats, digital nomads, and investors.
📈 Strong appreciation value – Metro Manila condos continue to rise in price.
💰 Affordable luxury – Get high-end condos at a lower cost than Hong Kong or Singapore.
Now is the perfect time to own a prime condo in the Philippines!
📞 Ready to Buy a Condo in the Philippines? Let’s Make It Happen!
💬 Looking for the best condo deals? Our team at Realty Homes Philippines specializes in helping foreign buyers secure high-quality condos remotely.
📩 Contact us today for a free consultation!
📞 Call or WhatsApp: +63 960 273 8527
📧 Email: [email protected]
🌍 Visit: www.phrealtyhome.com
