Real Estate in Manila
Last updated on Apr 01, 2023
Summary: The average cost of a nice 2 bedroom home in Manila, Philippines is around $200,000 USD. A nice 3 bedroom home in Manila is around $300,000 USD. These properties typically include modern amenities such as air conditioning, cable TV, and internet access. Some may also include a swimming pool, a garden, and a garage. Foreigners are allowed to own property in Manila, but there are certain restrictions. For example, foreigners are not allowed to own land, but they can own condominiums. When searching for a home to buy in Manila, an expat should consider their budget, the location, and the amenities they are looking for. It is also important to research the local real estate market and to consult with a real estate agent. The most desirable neighborhoods in Manila include Makati, Bonifacio Global City, and Ortigas Center. These areas are known for their modern amenities, convenient access to transportation, and vibrant nightlife.
How do I find a place to live in Manila?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"If you are looking for a place to live in Manila, there are a variety of options available. You can search online for rental listings, or contact a local real estate agent to help you find a suitable place. You can also look for classified ads in local newspapers or online. Additionally, you can ask friends and family for recommendations. Once you have narrowed down your search, you can visit the properties in person to get a better feel for the area and decide if it is the right fit for you," said one person in Manila.
"I lived in Pasay/Malate first because it was close to my first Uni course. Found the building (Asiawealth Tower) on the net. Second condo was just outside Valle Verde 1, recommended by someone who I knew. Much quieter and richer area. I didn't enjoy it as much. A car would be helpful if you decide to live more than walking distance from the LRT/MRT," remarked one foreigner who made the move to Manila.
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What is a typical expat home or apartment like in Manila?
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About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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