Exploring Your Options in the Philippines Real Estate Market

Published Date : January 20, 2022 Article Buying Property Buying Tips Financing Housing tips Property Recommendations Real Estate 101 renting house Selling tips

In the Philippines, there is a thriving and succeeding real estate market. Demand for residential property will increase due to its strong economy, urban sprawl, and growing population.

Real estate investments are often the safest option, even for first-time investors. Despite the COVID-19 epidemic, housing markets dodged a global economic downturn and offered significant investment benefits.

You can explore your various alternatives at Housal. Here are some of the options you should be aware of in the real estate market:

  1. Investment options

Now that we come to the investment options in the Philippines, there are four categories to choose from: 

  • Residential

Accommodation includes homes of individuals, families, or groups of people. This is the most invested real estate and is the category of property that most people are familiar with.

  • Commercial

Commercial real estate refers to the land and buildings used by businesses for their operations.

  • Industries

Industrial real estate refers to buildings and land used by industrial enterprises to perform activities such as industry, machinery production, research and development, construction, transportation, and inventory.

  • Land

 Land usually refers to the undeveloped area and the bare ground. The developers acquire the land, construct it, and redistribute it to increase building value.

If you plan to invest in real estate in the Philippines, you can do it through Housal.

  1. Purchase options

The option to purchase a property can be good for consumers. For example, you can use the purchase option if you want to buy more space to build a new home, construction property, or an existing house. You can look for properties like a house for sale or a townhouse for sale while purchasing a property.

  1. Selling options

Learning to sell a house is essential. Ensure to prepare yourself mentally and financially for adverse circumstances. Learn and educate yourself to avoid mistakes and earn profit.

  1. Rental options

Unlike purchasing, the rental option allows the tenant to own the property without making a big payment. The rental option provides housing options to those who can’t afford to buy a home. You can rent a house or rent a condo without having the stress of making a downpayment, just manageable monthly rent installments.

 

There are many options in the real estate world that you can explore. Discover your options by delving into real estate with Housal, what it means, and how it can benefit buyers and sellers. Learn more about being a part of the Philippine real estate market.

 

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Dual Citizenship in the Philippines – What Are the Advantages?

Published Date : January 7, 2022 Article Community Guide Industry News News Property Recommendations Real Estate 101 renting house

Dual citizenship is a situation where a person is a citizen of two countries at the same time. In the case of Dual citizenship in the Philippines, the person must have citizenship of the Philippines and any other country. As this type of citizenship opens many opportunities, many people are now applying for it. 

Talking in legal terms, RA 9225 or the Citizenship Retention and Re-Acquisition Act of 2001 is a law that describes citizenship law. Under this law, a natural-born Filipino may re-acquire Filipino citizenship without renouncing their acquired citizenship, essentially giving them “dual citizenship.”

Now such a type of citizenship comes with many advantages, so let’s talk more about it. These are some of the benefits of dual citizenship and why you can consider applying for it.

 

Property Ownership

This is one of the best economically beneficial advantages of dual ownership. In some countries, there is a prohibition on owning property or land; you can buy property in both countries without restrictions. You can buy a house or rent a condo in both countries. This can be an upper hand for those who keep frequently traveling as having your place is economically beneficial. 

 

Two Passports

Having two passports can make your international travel much more accessible. Not only do you get the permit, but it also helps you save a lot on visa fees. Japanese passport holders have permission to enter 192 countries, making them top among the world’s most powerful passport holders. Having such a globally accepted passport along with your Filipino passport gives you the convenience of traveling for work and vacation.

 

Social and Political Rights

International traveling gives you a sense of cultural belonging; when you travel somewhere, you learn their culture and become a part of their community. Dual citizenship offers you a global connection, but you are entitled to some legal rights such as voting. A person holding dual citizenship also possesses the power to Vote as per the law of the local government.

 

Business Opportunities

When you can travel to two different countries, it doubles your chances of exposure to good opportunities. If you are a business person, you can expand it across the seas and take it to the next level without any restrictions from the government.

International investing is very popular in real estate. Investors buy properties and developments and do business internationally.

 

You can say that dual citizenship receives dual advantages and opportunities. With dual citizenship, you get the comfort of belonging to two different countries, but the country might have its own policies concerning your citizenship. So before you go for it, make sure that you are well acquainted with all the regulations and Laws. These policies might be hard to understand for someone, so it will be helpful if you comprehend things at your level.

But one easy thing is buying properties in the Philippines with a genuine and established brokerage. You can check condos for sale, townhouses for sale, and many other properties and live your dream of having a dual citizenship!

 

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