Davao Real Estate Tour
Davao City is considered to be one of the most livable and safest cities in the Philippines with many great options for living. In today’s video, I’ll meet up with James Stockstill for a tour of Villa Josephina Resort Village, we’ll also visit Villa de Mercedes resort and we’ll look at some suburban living options just south of Davao City.
I looked online and found a few other listings for sale and for rent in Villa Josephina. Here are some examples of houses for sale.
The asking price for this two-story four-bedroom house is ₱ 8,500,000, That’s about $170,00 USD. It has 4 bedrooms and the master bedroom has a walk-in closet and the bathroom has a jacuzzi tub. It also has an office and is completely fenced and fully landscaped.
The asking price of this two-story house is $6 Million Pesos, That’s about $120,000 USD. It’s also available as a rental for $600 per month. It has 4 bedrooms and servants’ quarters, 3 bathrooms and a two-car garage
Here is another example of a house for rent in the gated community. This two-story house is available for rent for $30,000 per month. It has hot and cold shower and 3 air conditioners.
Davao has many suburban gated communities. Villa De Mercedes, is a luxury residential resort nestled in the hills where you can enjoy cooler temperatures and a first-rate swimming pool and gym. James and I took a motorbike ride up the mountain to visit and have lunch at their restaurant.
Davao has a low crime rate and strict enforcement by its local government. Davao City is easily accessible via land, sea or air travel is the largest city in the Philippines in terms of land area. It is the third-most populous city in the Philippines after Quezon City and Manila, the most populous city in the country outside Metro Manila, and the most populous in Mindanao
Villa Josefina Resort Village is a gated community in Toril, Davao City, Davao del Sur. Here are some of the amenities within the village: Lagoon-like swimming pool for adults and children, poolside cabaña and picnic grounds, tennis court, basketball court, clubhouse pavilion, and beach access. Home Owner Association (HOA) monthly dues are about ₱450 pesos per month for a typical house(about $9 USD).
Davao has many suburban gated communities. Villa De Mercedes is a luxury residential resort nestled in the hills where you can enjoy cooler temperatures and a first-rate swimming pool and gym. James and I took a motorbike ride up the mountain to visit and have lunch at their restaurant.
Can Foreigners Own Land in the Philippines?
Foreigners are not allowed to own land in the Philippines but there are some ways to work around this.
Foreigners can legally own condominiums, houses, and other types of buildings, but they are prohibited from owning the land on which it sits.
One option is to buy a freestanding house and lease the property it sits on.
Leasing property in the Philippines:
Under the Investor’s Lease Act of the Philippines, a foreign national can enter into a lease agreement with a Filipino landowner for a long-term lease with an initial period of up to 50 years, with a one-time option to renew for 25 years.
Another way is to Marry a Native:
If you are married to a Filipino citizen, you can buy property in your spouse’s name. While your name won’t be on the title, it can be included in the contract to buy the property.
You can also Buy Through a Company:
Corporations can own land in the Philippines, provided Filipino citizens own 60% or more of the company—the rest can be owned by a foreign partner or partners. Corporations that meet this equity stake requirement must be registered with the government Board of Investment (BOI) for permission to buy, sell, or act as an intermediary in a real estate transaction.
When buying property outside of your native country, to help ensure that everything goes as smoothly as possible, and to protect your rights, consult with an experienced real estate professional and use an attorney specializing in real estate transactions.
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