Property Laws in Philippines

Republic Act 2728 [RA 2728 Sec. 3, amended by RA 3715, RA 3969] – regulation of the brokerage business Republic Act 6552 [RA 6552] – Realty Installment Buyer Protection Act [Maceda Law] Republic Act 4726 [RA 4726] – Condominum Act Republic Act 7279 [RA 7279] – Urban Development and Housing Act of 1992 Republic Act 7160 [RA 7160] Republic Act 6657 [RA 6657] – Landmark law of 1988, which brought about comprehensive agrarian reform program, the aim... Read More

Foreign Property Ownership in The Philppines

Under the Philippine law, only Filipinos can own land. Foreigners are not allowed to own houses and lots in their own name, unless through the law via succession. The easiest way for a non-Filipino to acquire a house & lot is to have a Filipino spouse purchase the property or to set-up a corporation. The later must have 60% Filipino ownership and 40% foreign. However, there are no restrictions on condominium ownership – unless foreign ownership exceeds 40% of the total... Read More