IMPORTANT CONVERSION AND ABBRIVIATION:

Php= Philippine Peso | USD/$= United States Dollar | Euro= European Economic Countries' (EEC) monetary currency
Pound= British pound | Hectare= 2.47 acres/10,000 square meters | 1 acre= 4,000 square meters | 1 square meter= 10.76 square feet | 1 meter= 3.28 feet | 1 meter= 1.09 yards | sqm= square meters | m= meter | ha= hectare | ac= acre | km= kilometer | ml= mile | inc= inch | ft= feet

Facts of Buying Real Estates in the Philippines:
    A person must be a Filipino citizen to buy real estates in the Philippines. A foreigner with Filipino husband or wife can buy     land in the Philippines and register it in the name of the Filipino spouse. It is a conjugal property so both of them owned     it. A foreign company can buy real estates in the Philippines provided that 60% of the company is owned by a Filipino
    citizen. Thus, a foreigner can form a corporation, partner with a Filipino company or person and purchase a land.  
   The size of land to purchase is governed according to the purpose and amount of investment. It is imperative to hire a  
   lawyer who specializes in investment and real estates in the Philippines before engaging into a contract to buy a land.

Land Type and Restriction

   Island- There are 7701 islands in the Philippines. Laws on buying islands are governed by the constitution. The most    
   basic law is; no island can be registered for titling (no title) if the size is 5 hectares or less. 70% of the islands in   
   the Philippines are below 5 hectares in area. In fact some of the islands appear only during low tide.  Acquiring island
   within the size of 5 hectares can be possible only by buying the right of the occupant and leasing it from the                  government.
   Beach Lot- Beach lot is the most expensive property in the Philippines to date. This will depend also on tourism area.
   Beach lot can be cheap in none popular area with good utilities such as access to water and electricity. Beach lot has a
   salvage zone of 25 meters inland during high tide. This means that you cannot buy the land up to the water level. There
   is a set back of 25 meters after high tide before your property can be installed with PS marker. Beach is a public area.
   This is designed for access of the public to the beach.
  Farm/Agricultural land- Buying farm is governed by Agrarian reform which limits ownership to 5 hectares per entity.
   Farm can be bought also as residential if you use it for primary home with farming project, or commercial if you put up a
   a processing plant for farm produce. Buying above 5 hectares for specific project needs consultation with local     
   government. This helps facilitate for the introduction of new investment in the area and possibly creates local jobs. If       you are interested with mining, by the way, please research the country's regulation with the DENR (Department of  
   Environment and Natural Resources). Always use the service of a lawyer when investing real estates in the Philippines.

Price of Land

   The price of land is based in Philippine Peso (PhP). Check the updated exchange rate as seen on the left of this page to    see the current exchange rate. If the date is not updated please check with you local stock market to see the current      exchange rate. Note that there is no stock market activity on weekends so exchange rate on weekend is still posted as
   of Friday. Check with your local bank for assistance on international rate on weekends.