Real Estate in the Philippines
Stay updated about the real estate scene in the Philippines. Check out these articles that we prepared especially for you.
SOAR 2021
Dear Clients, Partners, Associates, and Staff, As we enter 2021, We would like to once again express our deepest gratitude for your support and continued patronage of YourBrokerPH. We promised to be Bolder in 2020, not knowing that we would really need to be bolder in the face of a global pandemic that put the world on lockdown, crushing many businesses and leaving thousands of people unemployed. We were profitable during the first quarter so
Foreigners Can Own Land in the Philippines
As a rule, foreigners cannot own land in the Philippines. But, that's the general rule. There are, in fact, recognized exceptions on when foreigners can own land in the Philippines. Acquisition before the 1935 Constitution Prior to the 1935 Constitution, there was actually no law prohibiting foreigners from owning lands in the Philippines. In fact, the Land Registration Act of 1902 - the landmark American legislation that provided for a comprehensive registration of land titles
Action by Subdivision Owner Against a Lot Buyer Involving Their Contract to Sell Lies with the Regular Courts, and Not HLURB
After Spouses Villar defaulted in their payment of their monthly amortizations for the property they purchased from Pilar Development Corporation (PDC), PDC sent them a Notice of Cancellation and filed an ejectment suit with the Metropolitan Trial Court (MeTC). The MeTC ruled in favor of PDC, but, on appeal, the Regional Trial Court (RTC) reversed and set aside the MeTC ruling because of the MeTC's alleged lack of jurisdiction. In other words, the MeTC was
Getting Your Certificate Authorizing Registration Should Only Take Five Days
If you have experienced transferring certificates of land title before, you probably have been told to wait seven, 10, or, in some cases, even 30 days to come back for you Certificate Authorizing Registration ("CAR"). [If you haven't, the CAR is a very important document issued by the BIR to confirm that you or the taxpayer that you represent has already paid liable for the taxes due on the transfer.] It's frustrating, right? But, did
No More “Red Ribbon” in Real Estate Transactions Involving Documents Issued Abroad
State Parties to the Apostille Convention The Philippines became a party to the 1961 Convention Abolishing the Requirement of Legalisation for Foreign Public Documents, or the Apostille Convention, last May 14, 2019, dispensing with the need to authenticate public documents issued abroad by the Philippine Embassy or Consulate to be valid in the country. Previously, public documents executed or issued abroad such as birth, marriage, and death certificates, or even notarized Special Powers of Attorney
Can Foreigners Own A Real Estate Brokerage Company in the Philippines?
As the real estate industry booms in the Philippines, we see more and more companies engaging in real estate brokerage, some of which even have foreign-sounding names, which makes one wonder: Are foreigners allowed to put up a real estate brokerage company in the Philippines? Or can they even be partial owners of it? This was the question posed by RE/MAX Philippines to the Securities and Exchange Commission in 2016. In a letter dated December