In the Philippines, where prices are said to be about 1/3 to 1/5 in Japan, real estate can be purchased cheaper than in Japan. In the name of a foreigner, although it is not possible to purchase a single -family house with land, it is possible for a foreigner to register a condominium or a Town house in the name of condominium (concrete Nagaya). Due to the impact of American colonies, It is also a country of "document principle" in which laws and contracts are based on British and American law standards. So the Philippines is a country where foreigners can own real estate with peace of mind.

The unit price of the finest condominium (luxury apartment) of "Makati CBD (economic center)", which is preferred by local wealthy and overseas expatriates, is generally "1/ 4 ". Luxury condominiums in the Philippines are generally equipped with security gates, pools, gyms, etc. for 24 -hour guards, and are cheaper than in Japan, and get high -quality properties in central Tokyo. Foreigners can purchase low -cost local homes. In the Philippines, the minimum purchase price for foreigners is not set, so it can be purchased not only for luxury condominiums, but also for low -priced properties for locals. It is also possible to invest in a small property of several million yen per unit, and to stably earn rent income from local people. Furthermore, in the Philippines where real estate prices are rising year by year due to the population growth and economic development, unlike Japan, it can be expected to increase prices.

Unlike Japan, the Philippine mortgage is a "non-recourse loan", so even if the loan repayment is delayed, if you let go of the property, there is no need to pay any more repayments, and the risks in investment should be limited. Furthermore, it is possible to pay a down payment (20 % to 50 %) in installments (interest -free) for several years, in which case the initial payment amount can be reduced to tens of thousands of yen a month.

The reason why the real estate prices in the Philippines are at a low level in Asia is that the surrounding Asian countries have achieved a remarkable development, also known as the "Miracle of East Asia" in the 1990s, and the real estate price has risen. In Philippines, the fact that the economic stagnation continued due to political concerns in the 1980s was delayed, and real estate prices were left at a low price. In recent years, the stability of politics and the aggressive invitation of the government have begun to transform into one of the high -growth countries in Asia, and it is still cheap to start investing in the Philippine real estate. It can be called timing.

The average gloss rental yield on the condominium in the Manila area is 6.1 % (2016) a year, this is the highest level in Asia. In addition, you can rent properties in good locations near business districts and condominiums with full amenities such as pools and gyms at relatively low rents. Such properties have many condominiums that have achieved yields of 8% or more per year, so Philippine real estate investment can secure stable income gains. Furthermore, in the Philippines, which is still 6.8 %, the economic growth is expected to grow further in the future, and the yield may be further improved when the property is completed.

In the Philippines, in addition to stable housing demand due to population growth, the number of households continues to expand due to the progress of nuclear families centered on the wealthy and the middle layer, and the vacancy rate in the Manila metropolitan area is about 10 %. It is at a low level. In the Makati CBD, which is preferred by the wealthy and overseas expatriates, the vacancy rate is less than 5 % for high -quality condominiums, and a market that is dominant for lenders has been formed. Compare to the vacancy rate of condominiums in Japan which is around 20%, which is high by international standards, and will rise to nearly 40% by 2040, Philippines is one of the best environment in Asia that creates a high rental yield.

In the Philippines, it is general to complete 2month-6month' rent payment (checks, etc.) in advance for 12 months for a relatively expensive property with a monthly rent of 40,000 peso or more. The deposit equivalent to the Japanese security deposit (two months of monthly rent is standard) will be deposited in the same way. As a result, the risk of not being able to receive the rent payment that should be received due to unexpected troubles, such as rent delinquencies and disappearance of residents, has been reduced in terms of institution.