Hello, I am retired. I am from the USA, but I live in Japan. I want to have a vacation condo in the Philippines. However, I am not sure if I should rent or buy a condo. Could anyone give me advice or to help me decide what I should do. I want to stay in the Philippines during winter time because I don't like the cold weather in Japan. I stayed there last winter, but it cost a lot; I paid over $1,000 USD for 16days. I was thinking that I could rent a condo, but If I buy a condo then I do not have to worry about finding a place to rent. Also, I could rent it out whenever I'm not staying there, but it is not my sole purpose of wanting to buy a condo. What do you recommend? by the way, the city name is Makati. I am willing to pay up to $500.00-$700.00 for monthly payment. But, if I do then I think it is best to buy instead of renting. What do you think?
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I would urge you then to speak to a real estate agent or someone on the ground in the Philippines to help you with your decision.
Kind regards,
Alex
As you will see on our Accommodation in Philippines page, most expats choose to rent rather than buy accommodation, because of the strict laws in place about foreign land ownership.
You will find that renting is therefore probably the most feasible option.
Kind regards,
Alex