Philippines
Should I buy or rent a home in Philippines?
If you have not spent a lot of time in Philippines, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Bought a nice 2 bedroom home, but the title had liens dating back to 1965 so it was not conveyed. We have a lawyer working on that who will petition the court to expunge these encumbrances and issue a new clean title," said a member in Davao, Philippines.
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"Whether to buy or rent a home in the Philippines is a decision that should be made based on one's individual circumstances. Buying a home allows for more stability, as monthly payments remain the same and may even decrease as a result of amortization. On the other hand, renting a home can be more convenient, as one can switch properties more easily and have less responsibility with maintenance and repair costs. Both options have their merits, and the decision should be based on factors such as lifestyle, budget and expected length of stay in the country," remarked another expat who made the move to Philippines.
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Other Questions:
- What should I pack when moving to Philippines?
- Where should I setup a bank account in Philippines?
- Will I be able to find a job in Philippines?
- What is life like in Philippines?
- What do expats in Philippines appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Philippines?
- Is there a lot of diversity? Are people in Philippines accepting of differences?
- What are the schools in Philippines like?
- What are healthcare services like in Philippines?
- What are medical services in Philippines like?
- Are healthcare and health insurance expensive in Philippines?
- What are emergency services like in Philippines?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Philippines?
- How are local medical facilities in Philippines?
- As a foreigner living in Philippines, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Philippines?
If you live in Philippines, newcomers to Philippines would love to hear your answer to this question.
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.
