2007-06-01 04:41:39 · 15 answers · asked by Meshack C 2 in Travel ➔ Asia Pacific ➔ Philippines
Yes
2007-06-01 04:43:31 · answer #1 · answered by chrome_rider 4 · 1⤊ 2⤋
Buying land in the Philippines could be an experience! You can write a book out of it.
Filipino newcomers in US usually tend to purchase a piece of land. Could be perhaps because of what I have said above, and they found out doing so in US is no sweat at all. Hence, most Filipinos in US own a piece of America! Even those folks as young as 40 own has at least 2 sq m in a memorial park.
2007-06-05 00:19:41 · answer #2 · answered by siagnon 3 · 0⤊ 0⤋
unfortunately not possible under philippine constitution. the rationale behind this prohibition is the pro-poor safeguards included by the framers of the 1986 constitution. the moment foreigners are allowed to own lands, filipinos would be displaced right in their own country.
but there are groups wanting to amend that constitutional provision because, to them, it constrains the economic development of the country by preventing foreigners to invest in the philippines.
a clever way of going around the law would be to enter into a long term lease agreement with the owner as what they do in china. maybe a lease of around 99 years?
ooops!!! wrong answer. i meant foreigners buying land in the philippines. hehehe. just another one of those wrong mistakes.
for foreigners buying land in the united states of america? they can. the concept here is that if you want to get out and run, you can't as you cannot bring home your land.
2007-06-01 19:24:25 · answer #3 · answered by Anonymous · 1⤊ 0⤋
no a foriegner can not purchase land in us be coz according to national rights a person is living in the country & perticular state can purchase land in the perticular state
2007-06-05 06:59:41 · answer #4 · answered by Abhi 1 · 0⤊ 0⤋
Foreigners can buy land in most countries - the 40/60 thing is special to the Philippines and is slowing things down more than it is protecting people.
2007-06-02 10:13:32 · answer #5 · answered by Sanmigsean 6 · 0⤊ 0⤋
Land is something that can not be exported.
Buying land basically is an investment in the country.
The U.S. is smart enough to know that if they want to invest in us and put there money here......... hell yeah well take it.
In the Philippines it ultimately hurts the poor and protects the rich.
You can buy land you just have to do it in a round about way.
A corporation will work the best as long as your Filipino Partners don't know each other.
You can now buy land in a few subdivisions
through a CCT title.
If the land is put in a wife's name its cool just be sure
1 on the title it says married to and your name
2 have her make you the custodian of the property
3 have her lease (50 year) .it to another foreign friend of yours or family member of yours .
You can then sell the property mortgage the property or live there till you die.
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2007-06-01 11:58:25 · answer #6 · answered by ... 2 · 1⤊ 5⤋
Yes, that is why there are foreigner or some Filipinos who own properties in the US.
2007-06-04 01:52:36 · answer #7 · answered by kibbs 4 · 0⤊ 0⤋
Absolutely! Saudi nationals own a big ole chunk of the USA
2007-06-01 11:44:25 · answer #8 · answered by Esbjorn 3 · 3⤊ 2⤋
Yes. And it really irritates me that I cannot buy a house in Cebu. I have to buy it in a Pinay friends name.
2007-06-01 11:44:08 · answer #9 · answered by Moondog 7 · 4⤊ 0⤋
If you have the money, go for it, it's a pretty good investment depending on location.
2007-06-01 12:15:03 · answer #10 · answered by ? 3 · 1⤊ 2⤋