Results of the Survey on Foreign Direct Investment Worldwide

Dr.Sopon Pornchokchai, President, FIABCI-Thai Chapter and President, FIABCI World Council of Experts and Board Member of FIABCI International conducted this survey on Foreign Direct Investment in real estate. The purpose of this survey is to help investors. They can study in advance prior to invest in any related countries. We would like to thank all of our resource persons who help participate in this survey. All the best to you.
  • Mr. Oscar Teodoro Labrador
    Country: Philippines
    Position: Vice President-Visayas
    Organization: FIABCI Philippines
In 2022, what types of properties in your city are best for foreigners to buy?
    No.  Type
Approximate amount of investment (USD)
City
No.1
No.2
How much is the cost of acquiring properties by foreigners?
Tax when Purchase, approximately
%  to
%  of the property value
Annual property tax, approximately
%
 to
%  of the property value
Inheritance tax, approximately
%
 to
%  of the property value
Annual Income Tax, approximately
%
 to
%
Capital gain Tax, approximately
%
 to
%
Valuation Fee approximately
USD
Brokerage Fee, approximately
%
 to
%  of the property value
Your suggestion on foreigners’ buying properties in your city.
Answer:
Foreigners are prohibited from owning land in the Philippines, but can legally own a residence. The Philippine Condominium Act allows foreigners to own condo units, as long as 60% of the building is owned by Filipinos. If you want to buy a house, or for business such as industrial, commercial farm consider a long-term lease agreement with a Filipino landowner.