Commercial real estate is considered by investors as a prospective successful investment vehicle mainly due to its high potential yield. Investors see it as an excellent alternative investment that could possibly outperform stocks and bonds. Moreover, a commercial property compared to other real estate assets, see through a more stable growth over time, dodging the volatility of economic cycles.

Between a residential property and a commercial property, investing in commercial real estate, of course, tend to be a larger investment. It involves more tenants thus has a potential to yield larger profits. That said, commercial properties also tend to require more capital and demand a deeper real estate expertise in the beginning.

It would be wise for an investor who will pursue investing in commercial real estate to have a comprehensive knowledge of the market area, the property's history, the property's value and estimated revenue.



Types of Commercial Properties
Common types of commercial properties include:

• retail buildings
• office buildings
• industrial buildings
• apartment buildings
• warehouses
• mixed use buildings (wherein the commercial property may have a combination of uses, such as retail, office and apartments)

Of course each real estate commercial property type have unique nuances that entail different management challenges for its investor.

To mitigate the risks prior to investing, it is crucial for investors to understand first the pros and cons of investing in commercial real estate.


Pros of Investing in Commercial Property

Commercial properties present an opportunity to achieve financial success and establish a strong portfolio. Here are some of the benefits that come with a commercial real estate investment.


1. Income Potential

Among the top reasons to invest in a commercial property over a residential real estate property is the high earning potential. According to creuniversity.com, commercial real estate can pay upwards of 10% returns. In comparison, stocks only pay 3% annually. Annual return off the purchase price also depends on the commercial property's location, the current economic trends, and external factors like political or health crisis (such as a pandemic). That said, any annual return between 6% to 12% is still higher than a single family residential property at 1% to 4% at best.


2. Higher Rental Yields

A commercial property standing on prime location can offer higher rental income than any a residential property. The value of retail and offices also improves over time if properly maintained. Development of residential properties and updated modern infrastructure in the area can also increase the overall value of any commercial real estate property.


3. Professional Relationships with Tenants

Commercial property tenants are commonly business owners who can be trusted to protect and take pride in their livelihood. They can be expected to look out for the maintenance of the commercial property on which their store stands. As such, the landlord and tenant have more of a business-to-business customer relationship, which helps keep interactions professional.


4. Longer or Flexible Lease Terms

​An advantage of a commercial real estate property over a residential property is that commercial real estate attracts long term lease terms. Naturally if an investor secures a financially stable and reliable long term tenants like big corporations, organizations, government agencies, he or she can earn a steady income for years to come.


5. Diversify Your Investment Portfolio

Investors whether beginner or experienced can reap benefits off a diverse investment portfolio. An asset like a commercial real estate property can more often than not strengthen any investors financial standing. If you are already a residential property owner, investing in commercial real estate located in a prime location with good quality can take your portfolio up a notch. Getting advise from professional experts such as real estate brokers can point you to the right commercial property.

Cons of Investing in Commercial Property

As with other investments, there are a number of risks that commercial real estate investors should take time to review. Prior to committing to invest in a commercial property, an investor should see through a plan to address all risks.


1. High Cost

Compared to a residential property, a commercial real estate property requires a big capital up front which most of the time only experienced investors can afford. Because commercial real estate properties are expensive, there is a possibility for an investor to lose a significant amount of capital. The expense can also limit an investor's ability to diversify their portfolio.


2. Maintenance and Repairs

Due to their size, commercial real estate properties can be costly and demanding in maintenance in repairs compares to residential properties. Commercial premises are a place of business which are frequented by many people. Assuring the safety of the property is also the responsibility of tenants and the commercial property owner.


3. Market Risks

Market conditions can adversely impact the value of a commercial property. Market conditions can affect rental rates, property taxes, interest rates, etc. These changes are volatile and can happen out of nowhere which investors must anticipate and plan for.


4. Vacancy

Vacancy will naturally lead to lost income for a commercial property. This is particularly prevalent for a commercial property with a small group of tenants. Losing one can right away create an income shock for the property owner.

High profit and decreased property value over time are among the great benefits of investing in commercial real estate. With careful planning, investors of any experience level can find their financial success in investing in commercial real estate.

It takes more than just buying a real estate property to make your venture into real estate, successful.

As in anything, education is power. Processes will be easier to understand when you have a good grasp of the common terms used in the real estate business or legal terms in real estate contracts.

Whether you are a real estate broker or a real estate investor, knowing the jargons such as "capital gains tax," "fair market value," "contract to sell," "abstract of title," "total contract price," or "certificate of title," will give you the confidence you need to succeed in your goals. You are also less likely to be deceived when you know the language of the game.

Without further ado, here's a helpful list of real estate words and legal terms used in real estate transactions.

Abstract of Title: a document that provides an overview of the history of a specific title. This includes transfers, property transactions, and claims used against it.

Acquisition: The procedure for acquiring property ownership. A legal action is taken in order to purchase a real estate property.

Acceleration Clause: the contract provision that allows a mortgage firm to demand that a borrower return the loan’s outstanding balance if the latter fails to meet specific conditions.

Ad Valorem Tax: A kind of tax in which the amount is determined by the property's value.

Adverse Possession: a right of an occupant to acquire title against the property owner where possession has become actual, continuous hostile, visible and distinct and in the concept of owner for a statutory period.

Affidavit: a written statement sworn under oath, which can be used in the court of law. An example of this is an affidavit of self adjudication or a document a person drafts when they want to declare that the entire estate belongs to them.

Agreement of Sale: a document that proves that the buyer agrees to purchase a property and that states the seller agrees to sell, under specific terms and conditions.

Alienation: the complete transfer of a property from one party or owner to another. It can be voluntary, such as in the case of a sale, or involuntary, in the context of the government taking over the real estate for public consumption.

Alienation Clause: A provision in a mortgage contract that allows the lender to make the loan immediately due in case the owner sells the property or transfers the title.

Amilyar: also synonymous to land or property tax.

Amortization: the method of spreading payments over a period of time. An amortized loan, for instance, shall be paid on a monthly basis, the amount covering principal and interest.

Appraisal: the process of determining a property's value. Because the value of a property fluctuates often, almost every real estate transaction requites an appraisal report. Population, location, upgrades to the property, rehabilitation potential, and other factors all influence the value of a property.
​
Appreciation: a term that refers to the increase in the value of a property over time.

Assessed Value: or taxable value is the value placed on a taxable property by the assessor for ad valorem tax purposes. The tax due is the amount when the assessed value is multiplied by the tax rate.

Assumption of Mortgage: this is an agreement in which the present owner’s outstanding loan balance is transferred to the property’s buyer. This is usually done to save money on closing fees or to avoid paying higher interest rates on a new mortgage.

Attorney-in-fact: refers to the one who holds a power of attorney from another to execute documents on behalf of the grantor of the power. Simply put it is the individual who is permitted to conduct business on someone else’s behalf. When an investor is unable to sign contracts, buy or sell real estate, or deposit monies, for example, they may allow someone else to do it.

Avulsion: refers to the abrupt detachment of a parcel of land from one property and its attachment to another, as a result of the current of a river or a body of water. The general rule is that the original owner retains the title of the land, provided that they remove the part of the property that shifted.

Balloon Payment Mortgage: a kind of mortgage that did not fully amortize over the term stipulated in the agreement. Therefore, a remaining balance is left at maturity. The lump sum is called balloon payment, as it is significantly larger than the monthly payments. This often happens in real state commercial properties.

Blanket Mortgage: refers to a simple mortgage which covers more than one piece of a property.

Bundle of Rights: referred to as the rights of ownership, which state an owner's rights to own, use, abuse, dispose, exclude others, and recover a real property.

Broker: Real Estate Broker, also called Certified Real Estate Broker (CRB) refers to a professional with a state license who helps buy, sell and transfer property. Brokers use their expertise and knowledge of the real estate industry to assist clients with paperwork, decision-making and legal compliance.

Capital Gains Tax: refers to every time a seller sells a house or a land property, must pay this tax. Capital gains tax is a tax that is imposed on earnings the seller has gained from the sale of capital assets. It is charged at a flat tax rate of 6% of the gross selling price and must be paid within 30 days after each transaction.

Certificate of Title: refers to a statement provided by an abstract company, title company, or attorney stating that the title to real estate is legally held by the current owner.

Condominium unit: Also referred to as a condo, a condominium is a privately-owned individual unit within a large property complex. Condo owners receive a deed to the individual unit and also jointly own shared common areas, such as hallways, pools, elevators, and gyms, among others. 

Conjugal Property: Property and assets owned by a married couple are referred to as conjugal property or properties.

Contract to Sell: refers to the form given by the property developer as an agreement with the seller and buyer when the property is pre-selling.

Deed of Sale: the deed of sale is a written document executed under law, wherein a person grants or sold a certain land or property to another person.

Depreciation: This is the decrease in an asset’s value, which may be caused by a host of factors, such as deterioration due to wear and tear, natural decay, functional or economic loss of utility, or unfavorable market conditions.

Earnest Money: a sum of money tendered by a buyer to a seller that shall form part of a purchase price and becomes a proof of the perfection of the contract.

Equity: this is the amount that represents the difference between the selling price and loanable amount.

Earnest Money: If the buyer wants to demonstrate their purpose and good confidence in the purchase, earnest money is offered to the seller. This basically informs your seller that you are a serious buyer. The escrow account is usually where the earnest money is maintained.

Escrow: In a loan or mortgage, an escrow is a neutral third party who protects the transaction’s deposits or papers. This term is usually mentioned near the end of the purchasing process. The term “escrow” can also refer to the party in charge of holding the insurance money or the taxes that collect until the loan is repaid. After then, the escrow pays “on behalf” of the payer.

Fair Market Value: refers to the price for which an owner could sell a property to a willing buyer when neither of them have to sell or buy and both know all the relevant facts. To determine the property's fair market value, the best method is to compare the prices others have paid for something comparable.

Fixed-Rate Mortgage: A fixed-rate mortgage means that the interest rate on your loan will not change until the contract expires or until a certain time period has passed. This sort of mortgage provides the buyer with the benefit of knowing exactly how much their monthly payments will be.
​
Foreclosure: This occurs when the property’s titular owner is unable to make regular payments to a lender or pay the local government’s real property tax.

Land Title: also called a certificate of title, is a record that attests to someone’s or a group’s legal capacity to acquire and own property. The basic goals of land title registration are protecting property rights, facilitating real estate transactions, and enabling the use of real estate as collateral for loans. A title also offers real estate investment benefits, stimulating sustained economic growth.

Lease: A contract between an owner and a tenant that details the terms and circumstances under which the renter may inhabit and use the property, as well as the length of the lease.

Lessee: A lessee is someone who leases land or property from a lessor or landlord. In the Philippines, a tenant is also known as a renter.

Lessor: A lessor is someone who rents out a property to a tenant or lessee. In the Philippines, this person is also known as a landlord.

Letter of Intent: a non-binding letter submitted by the buyer to express his or her intent to buy the property.

Local Transfer Tax: the tax levied on the transfer of ownership of a real property. It varies from 0.5-0.75% of the selling price or zonal value (whichever is greater). The percentage also varies from location to location, so you should consult your City or Municipal Treasurer.

Maceda Law: The Maceda Law refers to Republic Act No. 6552, also known as the Realty Installment Buyer Protection Act. This law pertains to purchasers of real estate property on an installment basis and is named after the principal creator, former senator Ernesto Maceda. The rights of a buyer who defaults on installment payments are outlined in R.A. 6552. It also lays forth the requirements for buyers to be eligible for refunds and grace periods.

Mortgage: A mortgage is a long-term loan used to fund the purchase of real estate, such as a home and lot or a condominium unit.

Open House: This is a set amount of time during which a home is open to the public for viewing by potential buyers.

Pre-selling: A person who pre-sells a property enters into a legally binding contract to buy it before it is even built.

Real Estate Service Act (RESA Law): In the Republic Act Constitution, it is the RA 9646 which protects the right of those who call themselves real estate professionals. It lays down the rules for them to adhere, so they may registered under the PRC (Professional Regulation Commission) and be allowed to continue their practice.

Ready for Occupancy (RFO): a term used to refer to houses, condominiums, or commercial spaces available for move-in anytime the homeowner or renter wants. Most RFO properties are semi-furnished, meaning it has floor finishes, painted walls, a basic kitchen and bathroom, and limited electric sockets. In addition, most RFO properties already have electric and water supply, making them the top choice for property seekers in a rush to move in.

Total Contract Price: refers to the overall contract price that includes everything. It is the whole contract price set down in a lump sum contract, or the sum of all monthly purchase amounts owed under a monthly purchase plan.

Transfer Certificate of Title: this authenticates the ownership of the land as well as the air space in it. The document contains the geophysical location, measurement, registration number and name of the owner. It is the subsequent registration once the property is sold, inherit or donated.

Transfer Tax: This tax is imposed on tax on the sale, donation, barter, or any other mode of transferring ownership or title of real property at the maximum rate of 50% of 1% (75% of 1% in the case of cities and municipalities within Metro Manila) of the total consideration involved in the acquisition of the property

FAQs

What are the 5 main categories of real estate?
The property sector comprises 5 distinct categories - residential, commercial, industrial, and raw land, as well as special uses.

What are the 3 types of property?
In anthropology and political economics there are three broad categories of property, namely public property, private property, and collective property.

Investing in a house and lot for the first time is a milestone in anyone’s life. It is an important purchase that needs thorough financial planning. When not carefully planned, some people may spend their whole lives saving up for their dream home without turning it into reality. 

The process starts with having the capital, which is why getting a housing loan is the first order of business for many home or property buyers.

How do housing loans work?

Home loans are highly useful to individuals looking for a residential property or a property for investment purposes and can be used to finance a borrowers' mortgage or home purchase expenses. Because a property is a valuable item, it can be considered a collateral. The rates on mortgages usually fall. The borrower or the lender receives a fixed interest rate. 

Getting a housing loan helps buyers finance their dream homes by offering a greater variety of payment options. The lenders retain the property rights over the terms of their mortgage.

In the Philippines, the top-of-mind option for a home loan is the PAG-IBIG Housing Loan. After the government approved a total of PHP 63.75 billion housing loans in 2020, PAG-IBIG has become the popular housing loan option in the Philippines for Filipinos looking to secure their first residential property.

However, choosing other financial institutions like banks to get a housing loan can also prove to be advantageous. Banks can offer the best housing loan option too with some offering an even lower interest rate than PAG-IBIG.

​Banks can provide competitive rates and even more flexible terms that would better suit your budget. The Bangko Sentral ng Pilipinas (BSP), in fact, has hundreds of banks registered for more housing loan choices.

Choosing the right bank housing loan that offers the best housing loan terms can be tricky if you don't to your homework. To ease your burden, we've examined the best housing loan options from different banks in the Philippines. Check out this list below.


1. Security Bank Home Loan

Home Loan Features

• Minimum loan amount: Php 1,000,000
• Maximum loan amount: As much as 80% of the property's appraised value
• Interest rate:

           - as low as 8.00% fixed for one year
           - as low as 8.25% fixed for three years
           - as low as 8.75% fixed for five years

• Maximum Loan term: 20 years
• Other Important Housing Loan Features: Quick approval time for as fast as five banking days. It can be used for the purchase of a house and lot, vacant lot, or condominium unit. It can be utilized as a loan for new construction, remodeling, or refinancing an existing property.

Security Bank Home Loan Eligibility

• At the time of loan repayment, you must be at least 21 years old but not older than 65.
• An average of PHP 50,000 combined monthly income
• At least two years of steady work
• Three years of genuine and lucrative business operation for the self-employed is required.

Requirements to get the Security Bank Housing Loan

• Accomplished application form of Security Bank housing loan
• Valid ID with picture (if with spouse or co-borrower, must also provide the same)
• Employed applicants must present any of the following income documents:

           - Certificate of Employment and Compensation
           - ITR
           - Payslips for the last three months
           - Bank statements for the last three months

• For self-employed applicants:

           - ITR
           - One or more of the following revenue documents: A year's worth of audited financial documents, bank statements from the latest three months, or rental agreements

• Mortgage Redemption Insurance (MRI) application form
• Special Power of Attorney (for OFWs only)

2. China Bank Homeplus Loan

Home Loan Features

• Minimum loan amount: PHP 500,000
• Home loan interest rates: 5.75%
• Maximum loan term:
  1. Max of 10 years for condominium units
  2. Max of 15 years for vacant lots
• Max of 25 years for a house and lot
• Other Important Housing Loan Features: Quick processing. Can be used to acquire a variety of various types of real estate, including condominiums, house and lot packages, and land. For refinancing, home building, and reimbursement. Affordability of coverage since it uses its subsidiary, China Bank Insurance Brokers, Inc. Repayment is simple with an agreement for automatic debit arrangement. No hidden charges

China bank HomePlus Loan Eligibility

• Filipinos of legal age who will not be older than 65 at the time of the loan's maturity.
• Have a legitimate and profitable business or source of income.
• Three years or more in a management role in a well-known firm
• There is a minimum gross monthly income requirement for Manila and Metro Cebu of PHP 50,000 or PHP 35,000 if you live beyond these areas or other provinces.
• Don't have any negative records or credit findings, such as court cases, bouncing checks, canceled credit cards, and defaulted debts.

Requirements for the Bank Home Loan

• Accomplished Application Form for China Bank HomePlus Loan
• Valid IDs (TIN, passport, Community Tax Certificate, driver's license, or company ID)
• Resume
• Marriage contract (if married)
• Statements of Accounts for the last six months of deposit
• For employed applicants:

           - ITR
           - Certificate of Employment (COE) stating the length of service and monthly compensation package

• For self-employed individuals:

           - Audited financial statements and ITR for the last three years (BIR-stamped)
           - Business profile
           - Certificate of Registration of Business Name
           - Complete list of suppliers and client

3. Banco De Oro (BDO)

Home Loan Features

• Minimum loan amount: PHP 300,000 for lot only and PHP 500,000 for house and lot
• Maximum loan amount: Up to 80% of the property’s appraised value
• Interest rate for existing BDO Clients:

           - as low as 6.75% fixed for one year
           - as low as 7.25% fixed two years
           - as low as 7.50% fixed for three years
           - as low as 7.75%% fixed for four years
           - as low as 8.25%% fixed for five years

• Loan term: Up to 20 years
• Other Important Housing Loan Features: Five-day turnaround time for approval. Purchase of a home and land, an empty piece of land, or a condominium unit. It may be utilized for house building, remodeling, purchase cost reimbursement, or refinancing.

BDO Housing Loans Eligibility

• With a minimum age of 21 and a maximum of 70 when the loan matures
• Earning at least PHP 50,000 a month
• At least two years of stable work
• Employed by oneself: Must have been running a legal and successful company for the last two years
• For overseas Filipino workers, a minimum of two to three years of continuous employment is required.
  
  
  

Requirements for the Bank Home Loan

• Accomplished BDO loan application form
• Photocopy of one valid ID matching the application details
• Any of the following latest income documents for employed applicants:

           - Certificate of Employment and Compensation
           - ITR
           - Payslips for the last three months

• For self-employed applicants:

           - Latest ITR
           - Certificate of Business Registration from SEC or DTI, Articles of Partnership or Articles of Incorporation (whichever is applicable)
           - Business Background or Company Profile
           - Any of these income documents: Audited financial statements for the last two years, bank statements for the last six months, or rental contracts

• For OFWs:
  • Proof of remittance (last three months)
  • Latest crew contract, if sea-based
  • Consularized Certificate of Employment with Income (COEI) or latest three (3) months payslips

4. Metrobank

Home Loan Features

• Minimum loan amount: PHP 500,000
• Maximum loan amount: Up to 90% of the property's net selling price from Metrobank-accredited real estate developers
• Interest rate:

           - 8% fixed for 1-2 years
           - 8.5% for 3 years
           - 8.75% for 4-5 years

• Loan term: Max of 25 years
• Other Important Housing Loan Features: It can be used for a house and lot, vacant lot, or condominium unit purchase. It can also be used for home construction, residential asset acquisition, reimbursement of the acquisition cost, or refinancing.

Metrobank Housing Loan Eligibility

• At the time of loan repayment, you must be at least 21 years old but not older than 65.
• Monthly salary of at least PHP 40,000
• At least two years of consistent employment
• For OFWs

           - OFWs who are either land-based (technical or administrative staff/officers) or sea-based (officer rank) OFWs who have either renewed or signed a contract at loan application
           - For OFWs worked for less than two years on the ground: Working in the United States during the last five years before becoming an OFW or working for different companies, or a mix of both.
           - OFWs who work on ships: With the present agency or with prior agencies, I've completed a total of 48 months of work.


Requirements for the Bank Home Loan

• Accomplished Metrobank housing loan application form
• Clear copy of any government-issued ID
• For employed applicants, any of the following latest income documents must be provided:

           - Certificate of Employment and Compensation
           - ITR
           - Payslips for the last three months

• For self-employed applicants in business:

           - SEC Registration
           - DTI Certificate of Registration
           - Latest ITR
           - Two years of Audited Financial Statements
           - Six months bank statement with BOO Certification of "No overdraft charges."

• For OFWs:

           - Land-based: Certificate of Employment with the email of employer
           - Latest POEA contract, if sea-based

5. BPI Family Savings Bank for Monthly Payments Home Loan

Home Loan Features

• Minimum loan amount: PHP 400,000
• Maximum loan amount:

           - 70% of the appraised value of house and lot
           - 60% of the appraised value of a vacant lot or residential condominium
           - Max of 80% of the appraised value of house and lot (as long as the value doesn’t exceed PHP 5 million)

• Interest rate:

           - 6.25% fixed for one or two year/s
           - 6.75% fixed for three years
           - 7.25% fixed for four or five years
           - 9.50% fixed for 10 years
           - 10.50% fixed for 15 years
           - 12% fixed for 20 years

• Loan terms:

           - Max of 25 years for house and lot
       - Max of 10 years for the following: vacant lot, residential condominium, business loan, refinancing, or multi-purpose loans

• Other Important Housing Loan Features: Processing is fast. When you submit your entire requirements, you may anticipate a response back within five business days. Relatively easy to get into for those with steady incomes and limited spending habits.
  
  
  

BPI Family Savings Bank Housing Loans Eligibility

• Filipino citizen
• The borrower must be of legal age, but no older than 65, at the time of the loan maturity.
• For foreign nationals, they must be married to a Filipino national (this is still subject to documentary requirements)
• A foreign visitor with a valid visa (this is still subject to documentary requirements)
  
  
  

Requirements for the Bank Home Loan

• Successfully completed BPI Family Savings Bank Housing Loan application form
• At least two genuine government-issued identification cards, each must bear a picture and a signature
• For married couples, the application form must be signed by both of them.
• Having a co-borrower or co-mortgagor necessitates the completion of a second application form

6. Rizal Commercial Banking Corporation (RCBC)

Home Loan Features

• Minimum loan amount: PHP 300,000
• Home loan interest rates: 6.88% to 10.5%, depending on the term
• Loan term: Up to 20 years
• Fixing option of one to 20 years
• Other Important Housing Loan Features: Uses include house and lot purchases as well as empty lots and home renovations or house construction. Useful for a variety of purposes, including the purchase or refinance of a primary residence.

RCBC Housing Loans Eligibility

• Filipino or dual citizen
• For foreigners, You must be married to a Filipino citizen in order to apply.
• When applying for a loan, you must be at least 21 years old.
• Upon loan tenure, you need to be 65 years old. (For self-employed applicants, you must be 70 years old upon loan tenure.)
• You must have a cell phone and a landline phone.
• Minimum of one year of work and a minimum gross monthly income of Php 40,000
• If the candidate is an overseas Filipino worker (OFW), they must have worked abroad for at least two years in a row.
• For self-employed, a two-year period of profitability is required.

Requirements for the Bank Home Loan

• Accomplished RCBC Home Loan application form
• Two government-issued IDs
• Income documents for employed applicants:

           - Certificate of Employment
           - Latest Income Tax Return (ITR)

• Income documents for self-employed applicants:

           - DTI Business Registration Certificate
           - Audited financial statements
           - ITR
           - Bank statements




7. Philippine National Bank (PNB)

Home Loan Features

• Minimum loan amount: PHP 500,000
• Maximum loan amount: 80% of the appraised value for house and lot, condo, and townhouse, 70% for lot only
• Other Important Housing Loan Features: Can be used for the purchase of a house and lot, vacant lot, townhouse, or condominium unit. Can also be used for home construction, home improvement, or refinancing

PNB Housing Loan Eligibility

• Filipino citizens
• Minimum age of 21 and maximum of 65 upon loan maturity
• Employed or self-employed individuals

Requirements for the Bank Home Loan

• Housing Loan Application Form (duly accomplished)
• Photocopy of 2 Valid Government-issued IDs
• Appraisal Fee of P3,500 (non-refundable)
• If with co-maker/co-borrower/attorney-in-fact, a separate application form is needed
• Data Privacy Client Consent Form

8. UnionBank

Home Loan Features

• Minimum loan amount: PHP 500,000
• Maximum loan amount: Up to 80% of the property's contract price
• Interest rates: 8% to 11%
• Loan term: Up to 20 years
• Other Important Housing Loan Features: Allows 10% to 99% down payment. Can be used for the purchase of lot, residential property, or condominium, house construction, refinancing, or renovation. Quick approval time

Union Bank Housing Loan Eligibility

• 21-65 years of age, but not older than 70 when the loan is due
• a Filipino or a former Filipino citizen
• Employees with regular contract status
• At least two years of profitable company operation for self-employed persons.
• OFWs

Requirements for the Bank Home Loan

• Accomplished Unionbank Home Loan application form
• Copy of Valid ID (SSS, GSIS, TIN ID)
• If married, Marriage Contract
• Latest income documents for employed applicants:
• Certificate of Employment with Compensation
• Payslips for the last three months
• Income documents for self-employed applicants:

           - SEC or DTI Business Registration Certificate
           - Bank statements for the last six months
           - Financial Statements
           - ITR
           - List of suppliers or customers with contact information

• Additional documents for OFWs:

           - Valid passport with entry and exit stamps
​           - Original and Consularized Special Power of Attorney

Housing Loan Terms to Know

Now that you have knowledge of the best housing loans, it would be wise to also familiarize yourself with these commonly used terms when getting a home loan in the Philippines.

Principal: The total amount borrowed or owed on any type of loan. Making monthly payments on a basic fixed-rate loan will gradually reduce your principal.

Down payment: An upfront payment made by the buyer of a house. In the Philippines, 20% is the usual down payment amount for a bank housing loan.

Interest Rate: The rate that is charged for the use of money. Interest rates are displayed on an annual basis, known as the annual percentage rate (APR). For example, BPI's 10-year fixed loan has an 8% APR.

Loan Tenure or Term: The length of time or period in “months” or "number of years" wherein you can repay your housing loan. If a mortgage has a "tenure" of 30 years, it usually means it would take 30 years to fully pay off the loan. The usual term for housing loans in the Philippines is up to 20 years. Generally, the longer your loan term, the higher the interest rates.

Margin of Finance: The loan to value ratio is another name for the financing margin.

Early Termination Penalty: An early termination fee is a fee charged when a person wishes to terminate the terms of a long-term deal or arrangement. The “Early Termination Fee” applies to the original or beginning payment if the deal has a falling rate. 

Prepayment: This is when you fully or partially pay off your loan before it is due. Depending on the bank, a penalty will be charged for this.

Refinancing: When you pay off an old loan and substitute it with a new one, this is referred to as refinancing.

Foreclosure: Since a mortgage is a secured loan, it requires the borrower to pledge collateral to the lender in the event that they fail to make payments. In this case, the collateral will be the house. 

Equity: Computed as the difference between how much your home is worth and how much you owe on your mortgage or loan.

Amortization: Refers to the amount of principal and interest paid each month over the course of your loan term. Near the beginning of a loan, the vast majority of your payment goes toward interest.
​
Collateral: an item of value that a lender can seize from a borrower if he fails to repay a loan according to the agreed terms. An example is when you take out a mortgage. Normally, the bank will ask you to provide your home as collateral. This means that if you fail to meet the repayment terms of your mortgage, the bank has the right to take ownership of your home.

Co-borrower: Also called a co-applicant, a co-borrower is an individual who applies for and shares liability of a loan with another borrower. Both borrowers are responsible for the repayment.

Letter of Guarantee: This is a type of contract issued by a bank on behalf of a customer who has entered a contract to purchase goods from a supplier.

The short-term home rental platform Airbnb has grown popular over the years among travelers as an alternative to hotel accommodation.

Established in 2007, Airbnb, also an abbreviation for “air mattress bed and breakfast,” has skyrocketed to over 7 million Airbnb listings worldwide in 2022, according to stratojets.com. It is now present in 100,000 cities and 220 countries and regions with 2.9 million hosts.

The Airbnb success story is rooted in the unique way it connects the Airbnb host and Airbnb guests, offering the latter a deeper travel and local cultural immersion than what a hotel room can. It also provides Airbnb guests a range of lodging options since a rental property can be a big house, a studio apartment, sometimes even a yurt or a tiny house.

Short-term rentals and home-sharing demand also increased since the pandemic brought about the work-from-home set-up. With the rise of digital nomads, Airbnb has been hosting guests from beach fronts and near mountains. 


The Airbnb Business Opportunity

In the Philippines, Airbnb hosting has become a lucrative means to earn passive income especially among OFWs, millennials, and retirees. Anecdotes from Airbnb hosts in the Philippines say that monthly income for Airbnb rentals can range from 20,000 PHP to 40,000 PHP a month, depending on the location of your Airbnb listing. It can go higher for Airbnb a rental space near tourist attractions like the beach.

According to a survey by Philstar.com, Airbnb hosts this 2022 are able to allocate their earnings to cover food and necessities which have increased dramatically in the Philippines due to inflation. In the same survey, nearly “two out of five Airbnb hosts said they host to earn extra income to make ends meet, while over 50 percent said they host to earn extra spending money.” 60 percent responded that they also host to earn extra income to grow their Airbnb business. 

Whether you're still deciding on renting out your spare room or just listed a property you just invested in, here are useful tips for running a successful Airbnb property.


1. Compute, compute, compute.

Remember that the main goal of a successful airbnb business is to profit from your rental property. The first order of business of any Airbnb host is to sit down and run the numbers. Compute your mortgage, rent payments, monthly utilities, Airbnb fees, taxes, etc. You may only begin setting the price of your vacation rental property once you determine your overall expenses.
Be sure to compare your rental property to other nearby hotels in your area and not other rentals. This is because potential guests looking for accommodations will begin searching websites that will first show hotel prices of the surrounding area. If your Airbnb property goes lower or on par with hotel rates, you will likely be attracting guest looking for lodging with friendly and competitive rates.


2. Educate yourself about your city's local laws

Another essential pre-work of any Airbnb host is to research and educate himself about the local laws for short term rentals. Knowing the rules before you play is a good foundation of a successful airbnb business. Does the city require a business license or business permit before running a vacation rental? Is there a limit to how many nights per year you can rent your property? Is there a limit to how many guests can stay at a time in your rental property?


3. Work hard on your Airbnb listing profile

To run an Airbnb business successfully starts with a catchy but accurate description and details of your Airbnb property. Your listing description should include how many rooms and bathrooms can house potential guests, what amenities are available to use, are there nearby places of convenience and attraction, how many vehicles can your parking space accommodate?

It would be good to mention the main highlight of your Airbnb property (does it have a great view of the lake?) as well as the quirks (do future guests have to pass by a construction before reaching your Airbnb property?) so your guests feel safe and secure in their future stay at your Airbnb residence. A successful host always practices transparency to show they care.


4. Furnish Within Your Budget

Successful Airbnb hosts are great at attracting guests with unique accommodations with Instagram-worthy interiors. Part of the labor and fun of putting up an Airbnb property for rental is being able to decorate your rental space like your own home. That said, try to maintain a budget when shopping for furniture. A good practice would be to shop for furniture from second-hand stores or searching online for great deals. Guests are sure to appreciate a cozy home but that doesn't mean you have to break the bank. Furnish affordably.


5. Have a go-to cleaning service

Approach your short term rental business as a complete hospitality business. This means the cleanliness of your Airbnb property is top priority. When in doubt, hire a reliable cleaning service who can diligently come after guests checks out.


6. Work towards improving your host and property rating

Prospective guests rely on positive reviews when picking out a property to rent. Great reviews go a long way so make sure to work towards this. Get started by offering freebies and discounts to your guests in exchange for an honest review. Once you've collected great reviews as a host and good reviews about your property you will easily accrue those five star ratings and improve your search ranking.


7. Always be responsive to guest queries

You job as Airbnb host means committing to your guests. A huge responsibility of running a successful airbnb property is being able to respond to your guests quickly whenever they have queries and being able to quickly address any concerns they have. Other guests may be demanding more than others but as Airbnb host, you have to be able to make their stay comfortable. This will likely make you reap positive reviews.


8. Give the full Airbnb experience

Guests put value in the details Airbnb hosts put in their home. Stocking the pantry with essentials and cleaning supplies will be highly appreciated. Providing board games, books, movies, and entertainment options to ensure guests stay comfortably in your rental will go a long way. Make sure to provide condiments, coffee, tea and basic appliances. A good host will always go the extra mile to add in a free bottle of wine or a basket of goodies to thank their guests for choosing their property.


Key takeaways: Once you find your rhythm in being successful host, you can always expand your Airbnb business and make it a full-time job. Hosting is undeniably a great way to earn income if not more money. It is also a good way to expand opportunities like encouraging more travel of your own through the connections you make with guests.

Decided on selling your real estate property in the Philippines? The process that lies ahead entails meticulous preparations and patience in familiarizing yourself with the steps. Like any legal matter, selling a real estate property in the Philippines requires securing legal documents and enduring many trips to government offices such as as Registry of Deeds' office.

But a committed property owner must follow the right process and make sure the necessary documents such as tax declaration, transfer certificate of title, condominium certificate of title (if selling a condominium unit), real estate tax clearance, transfer certificate, etc. are ready before handing the real estate property to a new owner.

Part of ensuring a smooth and safe property selling transaction is also seeking the help of a real estate broker who can make things less overwhelming for you and a property buyer. This will also ensure a headache-free process for both the property seller and their prospective buyers.

To kickstart your preparations, here's a helpful guide that maps out your journey as a seller and a list of the important documents you need to sell your property in the Philippines.


First thing's first:

Make sure your documents as current property owner are complete. As the current property owner, your responsibility as seller is to be able to have the property, along with the documents of ownership, legally transferred to the new owner's name. This will not be possible if the seller does not possess a complete set of these necessary documents:

• Certified True Copy of Transfer Certificate of Title (Land)
  This can be obtained from the Registry of Deeds - City Hall
  
  
  
• If you are transferring a condominium unit and condominium parking, make sure to have the following:
  - Certified True Copy of Condominium Certificate of Title (Unit)
  - Certificate of Ownership (along with the condominium parking, if applicable)
  
  
• As a property owner selling from overseas, make sure to prepare the following documents:
  - Special Power of Attorney if a representative will be signing on your behalf
  - Deed of Assignment of Rights (in the absence of a title for pre-selling a real property, check with your property - developer if they will permit this)
  - Contract to Sell from your property developer
  - Most Recent Statement of Account

Second order of business:

Update or Fix the Status of Your Property TaxesGain the confidence of your buyer by ensuring that you consistently fulfilled your tax obligations. You and your broker must procure the following tax declaration documents from the assessor's office:

• Certified True Copy of Tax Declaration (Land)
• Certified True Copy of Tax Declaration (Improvements)
  
  
  

If you are selling a condominium to a buyer, make sure to procure and prepare the following tax declaration documents for your condominium purchasers:

• Certified True Copy of Tax Declaration (Condominium)
• Certified True Copy of Tax Declaration (Condominium parking, if applicable)

Among the legal documents a seller and a broker must also procure are the:

• Real Estate Tax Clearance for Current Year- this can be obtained from the City Treasurer's Office
• Certificate of Non-Improvement if property is bare and without structures such as a house or a building
  
  
  

It is important to note that apart from updating taxes, an owner providing complete tax documents must also inform their LGU of any improvements or changes done on the property subject. Otherwise, undeclared changes on the property will be subject to back taxes.




The third step:

Know your expenses by determining the tax applied to your property.

Good job procuring all the important documents needed for your potential buyer! Now comes another important part of your selling journey: determining your net profit by computing your biggest expense: taxes!

• Capital Gains Tax: This is the income tax levied on the profit gained from selling a property. These are properties that are non-trade or business like homes, land, and cars. A capital gains tax is always 6% of the property’s gross selling price or market value, whichever is higher.
• Ordinary Assets Tax: Income-generating properties are classified as ordinary assets. The ordinary assets tax is 6% of withholding taxes, plus income tax, 12% VAT, and documentary stamps tax.

Taxes aside, it would be wise to deduct your other expenses from your profit. This would include a real estate agent's fee, marketing collaterals for printing, and fee for a professional photographer to take photos of your property if you are selling our property online.

The fourth step:

Ready the after-sale documents of your property prior to turning over to your home buyer.After securing a sure buyer of the property, the seller and the broker must prepare these essential documents:

• Letter of Intent from the Buyer or Offer to Buy
  
  The letter of intent is the first document the buyer sends to the property vendor expressing an intention to buy the property for sale.
  
  This letter includes a detailed information about the sales terms such as the time of sale and description of the property, current market value of the property, earnest money (this is provided as means of holding the property subject to the buyer's due diligence), and other terms and conditions. This should be signed by the broker and the buyer.
  
  
• Contract to Sell
  
  These documents contain written agreements between the seller and you with respect to purchasing your house. There are specific sales requirements required of both sellers and buyers prior to completing payment. This contract is only for homes where there was a down payment to pay the remainder.
  
  If the sale contract is properly executed, the sale contract becomes the basis for execution of the deed of absolute sale confirming the completion of the sale. This will be arranged through the broker or the developer. After a buyer is fully paid, a sale agreement is drafted by the developer to the seller.
  
  
• Deed of Absolute Sale
  
  The Registrar's Deed of Trust is the final record transferring the rights of the property to a new home buyer. This will provide a certificate of ownership for houses or lots or condo-related property in exchange for a condominium owner certificate for the new owner.
  
  If a buyer makes a complete payment upfront, you'll receive a letter of credit on your mortgage. The documents could be produced either by the buyer or the seller but must be prepared by a notary public.
  
  
• Endorsement Letter
  
  This is given to the property or condominium property administration endorsing the property to the new owner's name.
  
  
• Certificate Authorizing Registration (CAR) from the Bureau of Internal Revenue (BIR)
  
  

Key takeaways:

When selling a property in the Philippines, it pays to know the documents required. Having your land title, tax clearance, and tax declaration documents on hand makes life easier for your broker and lessens the risk of losing the interest of buyers.

Nothing is more fulfilling than having the resources to invest in your dream home. Deciding however on the property type to buy is one of the biggest decisions you have to make prior to investing. 

House and lot or condo unit? That is the ultimate question! Weighing which suits you best⁠, whether a condo living or traditional house, a homeowners purchase boils down to personal preferences. 

Do you see yourself in a peaceful neighborhood away from city living? Or right smack the vibrant urban living in Metro Manila? Will you be accommodating families that require a larger spaces or is a single family house in the suburban areas ideal for you?

Personal finance aside, arriving at the right property requires careful consideration of your present and future lifestyle. Condo or house? Look beyond the price first and be guided by this helpful comparison.

Airbnb rentals have definitely become the go-to choice of accommodation of foreign tourists and local staycationers alike. As Airbnb guests, whether they go for short term rental or decide to be long term tenants of an Airbnb property, Airbnb guests are able to experience the genuine comfort of a home despite being away from home. 

Airbnb rentals also allow an Airbnb guest the total cultural immersion in a destination since many rental properties have already emerged in many cities in different countries. An Airbnb rental does attract renters exactly because it provides a new experience to a “vacation home.”  Airbnb is a real game-changer in international and local tourism. 

To real estate investors, investing in an Airbnb property has become comparably lucrative these days to traditional real estate investments. Despite the ongoing pandemic, Airbnb owners are seeing vacationers sign up on the Airbnb site for short-term rentals, if only to find reprieve from their usual environment. In the age of digital nomads and remote-working set-ups, an Airbnb investment property cannot be denied of its potential ROI, too.
 
But is an investment in real estate for an Airbnb all that? Before you get carried away with all the benefits you hear and decide on an Airbnb investment, allow this article to take you through the pros and cons of an Airbnb investment. 

 Pros of an Airbnb Investment
 

1. Any Airbnb rental easily spells PROFIT.
   
   
   A fully booked Airbnb rental with a high occupancy rate can mean a lot more profit to Airbnb hosts because renting the same property to long term tenants will allow an Airbnb host to charge more per night than traditional rent payments.
   
   
   
2. Boost your passive income with a single Airbnb rental
   
   Airbnb income from rental properties can conveniently become a source of cash flow for real estate investors if they go the Airbnb route. To first time property owners, an Airbnb investment property can amplify extra money. Imagine a single tenant signing up as a long term tenant for a single Airbnb rental. This easily beats the income you get from traditional renting.
   
   
   
3. Use your Airbnb rental property as your own vacation home whenever you want to.
   
   When your Airbnb listing is unoccupied, you can always choose to enjoy your own rental property as your second home. Reap the conveniences and comfort of your own investment property. As your own host, it would also be good to experience, first-hand, what your Airbnb guests state their guest reviews.
   
   
   
4. Be in full control of your Airbnb property
   
   Property management can be in your full control when you regulate short term rentals. Short term rent by new Airbnb guests staying in your property allows you to review the maintenance regularly even change up the interior designs when you want to. When operating your own rental properties you are also able to adjust the price of your rent during high season or when your Airbnb listings are seeing high vacant dates.
   
   
   
5. Choose your own Airbnb guests
   
   As a property owner renting a primary residence or putting up a vacation property for rent, you can be more selective of the people who will be renting your property. Reduce operating costs and make life easier for your maintenance crew by approving guests who have good reputation based on the Airbnb site.

With all that said, investing in an Airbnb rental is not just about boosting monthly income. The cons of Airbnb investing are also unavoidable. From high monthly costs to getting bad reviews from an irate guest, maybe investing in a primary residence for an Airbnb home might not exactly align at once with your financial goals. The pros come with the cons of Airbnb renting too. Consider these other factors:


Cons of an Airbnb Investment

1. Dealing with many guests of diversified portfolio
   
   There are risks that come along with renting a property to different people. Some may or may not pay rent on time, depending on their financial reliability. Owning several or single properties on Airbnb means expecting regular rent from different tenants on a regular basis. One tenant may wreak havoc on your monthly income by simply dodging one night's stay at your property.
   
   
   
2. High property operating costs
   
   Being your own landlord and maintenance crew, owning an Airbnb unit is a full time job. An Airbnb host's nightmare are usually incurring major property damages, and worse, thefts. With short term rental platforms, these are inevitable. To counter this however, Airbnb offers "host protection"
   
   
   
3. Being a one-man team
   
   Hosting a property or several properties on Airbnb means fulfilling the responsibilities of a one-man team. You are in charge of hiring a cleaning service or doing this on your own. You are also in charge of your own marketing. You have to have the right copy to describe your property as the right property for your future guests. You may also need professional photography to ensure your property stands out on the social media platforms.

Overall, Airbnb has, without a doubt, changed the real estate industry by disrupting average apartment rents and traditional rental scenarios. Whether a serious real estate investor or a newbie investor in real estate, venturing into Airbnb does have its rewards. The pros outweigh the cons if you work hard as a host and improve or use your financial literacy to your advantage.


FAQs
​
What are the downfalls of Airbnb?

The downfalls of an Airbnb include high operating costs, regular maintenance, incurring property damage, and irregular bookings from guests during off season.


What type of property is best for Airbnb?

The type of property best for Airbnb boils down to the right property location. Locations with strategic access to top tourist spots, places of convenience and leisure are all surefire ways to book short term rentals. Ensuring that your property has a photogenic interiors can easily attract renters too.


Is it worth it to be an Airbnb host?

Investing in Airbnb offers a good source of monthly income and extra cash. It is a smart way to earn from investing in properties whether you are an OFW, millennial, retiree or anyone who wants to invest in real estate. It comes with its own pros and cons but if you are determined and work hard, investing in an Airbnb can be rewarding.

Owning one’s dream home is anyone’s ultimate goal. Buying your own house and lot or condo unit, be it in one of the major cities or a rural land, is a remarkable accomplishment in life.

Property ownership is not only a measure of success. Purchasing real estate properties as a dream home or for commercial and business use is also an indicator of a secure future.

But the process of buying a house in the Philippines can be overwhelming. It is a big step that entails many big decisions with longterm impact. One can be met with intimidating real estate property terms such as:

• fair market value
• ​zonal value
• capital gains tax
• ​real estate tax
• appraised value
• local transfer tax
• land tax declaration

With the perspective of an experienced real estate professional, in this article, we give you the basic steps to get your house buying process started.

Know Your "Where"

You may already have an image of your home amidst the bustling city life. But not many think through the specific city center or residential land their home will be on. Will your house be in a major city like Quezon City or Davao City?

Or perhaps on brand new beachfront condo unit of a far-flung island in Palawan? Before you buy property, it is important to think of your "where" first and how this location, whether in a rural land or an urban land, will serve your kind of lifestyle.

Consider its accessibility to your work place or its proximity to you family and friends. A home's location should give you both comfort and convenience.

Know Your Budget

Take a hard, long look at your finances and determine what budget you'll be working with. It is highly recommended before you checking property prices that you determine your own financial capacity.

This will make certain decisions such as whether to get a housing loan or not is necessary. Or will you be able to make a down payment upfront enough to seek a discount from real estate agents.

You won't be able to tell an affordable house and lot from a luxury one if you don't have a measure of what's affordable for you.

Connect Your "Where" With Your Budget And Begin Your Property Search

If your "where" and your budget relatively coincide, the chances of your property or land ownership in the near future is highly likely. But before kickstarting your real estate transaction with a real estate agent, first do your research.
Check for the property value of the house and lot you desire or do a quick interview about the selling price of the condominium project you've been eyeing. The goal is to educate yourself and get an idea of what a the fair market value of a property in the Philippines is. Only then should you reach out to the expert.

Consult A Licensed Real Estate Broker

It pays to talk to someone you can trust in the real estate industry. Reaching out to an expert, specifically a licensed real estate broker with a trustworthy background, will be able to get you the guidance you need in the home buying process.

While you may find a pool of real estate agents out there, it's best to seek a real estate agent that has a good track record. It won't hurt to seek real estate agent recommendations from friends and family.

Set A Comfortable Timeline And Make Your Dream Happen

Chances are it won't materialize if you do not work towards it. The buying process can be taxing oftentimes involving laborious processes such as getting bank loans or registering property.

It doesn't have to be when you have a guide from your trusted real estate agents and setting a timeline you can comfortably commit to. To keep your eyes on the price, you have to chalk up that timeline and work towards each deadline. The last thing you want is to give up on your goal.

Among other major cities of Metro Manila is Makati City, primarily known to be a financial hub and the host of multinational companies. But this central business district offers more than its big city vibe, corporate buildings, and luxury malls.
​
To anyone who craves an active social life, Makati City is a smorgasbord of cultural highlights too with its hip bars, art galleries, music scene and up-and-coming restaurants where one can interact with young professionals and creative minds. Makati's neighborhoods puts one in a place of comfort and convenience.


Did you know?

• The Makati government is renowned for strictly enforcing traffic rules and security regulations to ensure everyone's safety.
  
  

Check out for sale and for rest properties in Makati City here.​

Among the Philippines’ highly urbanized city is Taguig whose heart and soul is the lively Bonifacio Global City. This part of Metropolitan Manila has become popular for its own Bonifacio High Street housing numerous restaurants and luxury shops.

BGC is also known for its progressive urban developments, eco-friendly environment, pedestrian-friendly sidewalks, mini-parks, street art, and its beautiful skyline.

Although fast-paced commercial hub, BGC is the best place to live if one seeks work-life balance.

For lease and For Sale condos in BGC are available here.

​Tagged the “Tiger City of the Philippines,” Mandaluyong City is a comfortable and quiet residential area where one can enjoy being a stone’s throw from shopping centers, prestigious schools known to provide quality education, and other places of convenience.

It is an ideal city to raise a family whether you choose to live in a suburban home, townhouse, or a condominium with modern amenities.
​
This brand new 4-in-1 Building For Sale in Mandaluyong might just be your best property investment. It boast of an estimated 1,700 sqm floor area, has spacious office floors, storage area, commercial rental spaces, and a beautiful penthouse for residential use.

Among the safest cities and comfortable residential spots in the Metro is Parañaque City, known for its cozy and quiet neighborhoods. Away from the central business districts, it is known for its secure gated communities such as the famous BF Homes.
​
Parañaque City also offers residential developments where families can be conveniently near to quality schools, shopping centers, fine dining restaurants, and other places of convenience.

Maintain a peaceful suburban family living while enjoying a momentary respite from the chaos of the metro. Alabang grants good proximity to a posh lifestyle placing one near to the Alabang Town Center, Molito and the Festival Mall.
​
Alabang also makes the South Luzon Expressway easily accessible hence making possible the quick out-of-town getaways to Tagaytay City and Nuvali in Santa Rosa City.

A first class city of Laguna, Santa Rosa City is known to provide scenic beauty, fresh air, luxury estates, and a safe suburban living to families who want to getaway from the heavy traffic and congestion in Manila.

Its convenient access to SLEX makes one near Tagaytay City's fine restaurants and Enchanted Kingdom should one fancy a day at the theme parks. Although a significant center and an industrial city with its own commercial hubs, one gets to enjoy the ambience of provincial living here.
​
Why not exchange your busy big-city life for a more tranquil suburban alternative, like Sta. Rosa, Laguna City? This 4-Bedroom Asian/Eclectic Inspired House For Sale in Sta. Rosa is a steal at 14.5M.

Finding an abode nestled in a cooler climate with surrounding nature is definitely one of the best places to live in the Philippines. Tagaytay makes this possible without totally cutting one off from the convenience of metro living.
​
Highly urbanized with its own fine dining restaurants and fun activities, Tagaytay City is special for its laid back vibe. Relish living in cozy residences with the view of Taal Lake while breathing fresh, crisp air. Conveniently find your way back to Metro Manila in less than two hours with Tagaytay's easy access to the South Luzon Expressway.

There’s a reason why the Summer Capital of the Philippines is one of the best cities in the Philippines. It combines quaint provincial charm with modern living.

An urban city atop a mountain, Baguio City lets individuals and families enjoy a uniquely cool climate, thanks to the city's elevation, that one cannot find anywhere else in the Philippines while being in close proximity to classic tourist attractions like the Burnham Park and the Mines View Park, malls and other places of leisure.

Baguio City is now also just a short drive from Metro Manila (now only 3 hours). But who wants to getaway from the nippy air of Baguio City when it has its own secret bars,  museums, vibrant music scene, and equally top notch restaurants?

Did you know?

• The people and the police or discipline law enforcers have traditionally worked together to fight crime in Baguio City, which makes policing simpler.
• The disciplinary law enforcers additionally enforce progressive safety programs that add new safeguards to the city's law and order system.
• The low cost of living in Baguio city entices a lot of digital nomads to move and work there.

The Queen City is Visayas’ main urban hub. Cebu City is home to world-famous dishes such as lechon and sisig. Cebu City has contrasting features to Manila, primarily being near the best pristine beaches of the region while being a highly urbanized city, make it one of the best places to live in the Philippines for both locals and expats.

Add in the fact that the cost of living is lower in Cebu City makes it a great way for local city dwellers, digital nomads, and other expats to experience the tropical and urban living at the same time.

Live near the clear waters of the Malapascua, Moalboal, or Oslob while having the industrial city's conveniences and popular destination within reach.

Did you know?

• Cebu Island ranked as Asia's second-best island. This ranks Cebu, located in Southern Philippines, above Palawan's natural wonders and second to Boracay's immaculate beaches.
• Mactan-Cebu International Airport is the second largest airport in the Philippines.

Among the safest cities and best places to live in the Philippines, Davao has low crime rates that make it among the most livable cities in the country.

Some of Mindanao's top educational institutions, including Ateneo de Davao University, San Pedro College, and the University of Mindanao are located in Davao.

Its rich natural attractions and resources make it home to the many great beaches of the Philippines that are easily appealing to the digital nomad.

Davao City is a progressive city too with its own bustling economic hub, big shopping malls, skyscrapers, while maintaining its rich flora and fauna.

Did you know?

• ​"Kadayawan Festival," one of the most well-known festivals in the Philippines, is one of Davao City's most well-liked attractions. It carries the moniker "King of Festivals."
• Due to its location outside of the typhoon belt and the protection provided by the surrounding mountains, Davao is shielded from most natural disasters and typically experiences excellent weather.
• Because of its international airport, Davao City is a wonderful spot to establish a base if you intend to visit other cities in the Philippines.

​What the best place for Filipinos in the Philippines is is dependent upon their individual preferences. A pensioner seeking a retirement community in the Philippines has different requirements that a digital nomad can meet.

Among foreigners, the main activity is social interaction, entertainment and relaxation. Other foreigners are focused on cultural heritage as well as quality of life. All options have certain risks. Popular cities have more expatriate communities and higher rent prices compared to others.

Although smaller, cheaper cities are laid-back and lack essential services. Finding your perfect city requires evaluating each city's potential pros and cons.

Buildings and Resorts For Sale in Metro Manila and nearby provinces are available on our website.

Where is the best place to live in the Philippines?
The best places to live in the Philippines are Makati, Mandaluyong, BGC, Alabang, Paranaque, Tagaytay, Cebu, Davao

Where is the safest place to live in the Philippines?
The safest place to live in the Philippines is Davao City. Davao has managed to get recognition internationally as the only Philippine city ranked on CNN's list of "Asia's Most Livable Cities."

Where do most foreigners live in the Philippines?
Most foreigners in the Philippines live in Makati where many foreign corporations are located.

What is the safest region in the Philippines?
The safest region in the Philippines is Davao region. Davao is currently the third-safest city in Southeast Asia as of the year 2022.

Where is the best city to buy a property in the Philippines?
The best city to buy a property in the Philippines is in Laguna, a top choice for real estate investors for its accessibility to SLEX in Laguna also combines the convenience of urban living and the relaxed rural life. Laguna also grants quick access to holiday getaways in Tagaytay and Batangas.

When is Kadayawan Festival celebrated?
​Kadayawan Festival is celebrated every year in Davao City during the month of August.

Check out this week's latest listings from Futurespace Manila. Rare property finds you wouldn't want to miss. From for rent and for sale properties to lots and buildings, Futurespace Manila has a listing for you!

Talk about getting a property at a steal price! The current market value of this property is at 6.8M-7.5M.
​This condominium in DMCI Brixton is for sale at only 4.9M and that's with transfer included and it comes fully-fitted.

Get the chance to wake up to the beautiful view of Metro Manila and have a thriving business as a result of getting this property investment. This building comes with a beautiful loft area on the fifth floor and 3 floors of office/commercial area.

It doesn't matter if you use it for your own business or have it leased, acquiring this property is sure to guarantee you a handsome return of investment.

Located in the middle of Metro Manila, this commercial and residential building in Mandaluyong City is here to ensure all your businesses in Metro Manila can be attended to in less than an hour.
​
Imagine getting to EDSA in just 3 minutes!

This building has a floor area of 1700 sqm and comes with an elevator.

Two Salcedo Place in Makati is just steps away from Makati central business district, a few minutes away from shopping malls, and is surrounded with the best restaurants in Metro Manila, making it the best place for modern urban dwellers.
It comes fully furnished and has an upgraded interior. This 3 bedroom condo comes with three bedrooms and two parking spaces.