Should I buy or rent a home in Cebu?

If you have not spent a lot of time in Cebu, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"Buying a home in Cebu can be a great investment, as the city is a popular tourist destination and the real estate market is growing. However, it is important to consider the cost of living in Cebu, as well as the availability of rental properties. Renting a home in Cebu can be a great option for those who are not ready to commit to buying a home, as it allows for more flexibility and can be more cost-effective in the short-term. Ultimately, the decision to buy or rent a home in Cebu should be based on individual needs and preferences," explained one expat living in Cebu, Philippines.

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"I am renting with an eye on building something on leased land. It is made difficult, mostly by cheap available rents," said another expat in Cebu City, Philippines.

Should I buy or rent a home in Cebu?

If you live in Cebu, newcomers to Cebu would love to hear your answer to this question.