may buy property in Phils
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Greetings! Given the falling US dollar and questionable economic future, I am considering buying property in Phils. Have been told that foreigners may own only 40% of property or homes, but fully own condos? Any experiences to share would be much appreciated. Cheers, Bruce |
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11/9/2009 6:40 am |
Hi there sir, i'm a real estate agent. Although, i don't this is the best place for you to post some inquiry regarding real estates,maybe i can give you some advice. As a non-filipino citizen, yes you can fully own a condo unit, coz they are not titled. they will just give you a certification for owning the unit, but not the land where the property is standing... If you wanna own a property other than condo, that may be possible too... provided of 2 conditions. * You marry a Filipino citizen * you are Filipino by blood * you're in a corporatin which is 70% owned by a Filipino. well, that's all for now, if you wanna know more, please don't hesitate to drop me an email. regards! "Keep your eyes on the stars, and your feet on the ground.”
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