Real Estate Philippine

Real Estate Philippine is experiencing a boom in the present days. But, the Real Estate Market has not yet reached the peak of the boom period. So, according to the economic analysts this is the high time to invest in Philippine Real Estate who want to hold a Real Estate Property in the country.

The rising trend of Philippine Real Estate Market is actually the outcome of the increasing demand of the Commercial Real Estate Property and the growth of the Residential Real Estate Sector. It has been observed that the growth in demand of residential real estate property in Philippine is due to certain factors which are:

The Filipino Citizens working overseas are increasingly sending high volume of remittances which are being used in residential property purchasing.

The Filipino Citizens who are based in U.S or Canada or anywhere else in the world, are revealing an increasing trend of acquiring residential real estate property in Philippine.

Just like residential real estate sector, the commercial real estate sector of Philippine is also experiencing rise in demand. This demand in most of the cases are coming from the Business Process Outsourcing Companies and the IT Companies who require large office spaces.

But, there are certain Real Estate Laws in Philippine which all the aspiring real estate owners have to abide by. According to Philippine Real Estate Laws, only the Filipino Citizens are entitled to purchase land in Philippine. The Corporations can acquire land only if their 60% shares are owned by the people of Philippine or companies of Philippine.

Foreigners can also invest in Philippine but they have to make the deal in the partnership where the partner will be a Filipino Citizen. Moreover, in the deal the Filipino partner has to hold at least 50% ownership.

But the foreign nationals or foreign corporations can take Philippine Real Estate Property on lease for a period of 50 years initially. After completion of 50 years, the lease agreement can be renewed for another 25 years.