Continuing to analyze what could be the most convenient and coveted destinations in 2019, our attention has focused on a very special state, to be exact an archipelago, consisting of more than 7,000 islands. We are talking about the Philippines! If you are also looking for a new place to start from scratch, an unspoiled paradise where you can relax and at the same time change your life radically, you have the solution in front of your eyes. We at Realigro have created a mini guide to allow you to eliminate any doubt about this country, but above all, to give you all the information you need to make your transfer safe and optimal. So, if your dream has always been to buy a property in the Philippines, the only thing to do is to get comfortable and, armed with paper and pen, write down all the advice we are about to give you! We can start!
Let's start with a bit of history and geography. This archipelago is named after King Philip II of Spain. The State of the Philippines has no land borders. That is why they are rich in a biodiversity that is unique in the world. The capital, Manila, is one of the most cosmopolitan cities in the world.
With a population of over a million and a half inhabitants, the capital has the highest population density in the whole planet. Why? Simple, every day new future citizens are added between workers and students. The latter, in choosing the location of their transfer, have decided to opt for the economic and social center of this country, but this does not exclude the possibility of taking into account other minor destinations but still particularly active, such as Marikina, Makati, Bacold, Davao, Cebu, Puerto Princesa, Baguio, Quezon and Zamboanga.
But how much does it cost to live in the Philippines?
To fully enjoy a Philippine-style life, there are more than 500 euros per month, which corresponds to 30,000 Filipino pesos. On average, the basic salary is around 800 / 900 euros per month, which is why it is not so complicated to live in total economic and financial serenity in this country. The maximum expenditure that can be reached is 20 euros per person (in the most popular restaurants). While for the street food is enough about 200 pesos, which correspond to 4 euros.
As for the documents required to enter the Philippines, it is of fundamental importance to have a passport with at least six months validity at the time of arrival in the country. Since January 1, 2017, it has been mandatory to have an e-passport. Entry into the country is permitted only upon presentation of the return air ticket.
If you want to stay for more than 30 days, you can also obtain the 'extension of the visa at the Bureau of Immigration.
We now come to the heart of our mini guide: how much does it cost to buy a property or sign a lease in the Philippines? You can also find opportunities from 50,000 euros for larger homes, up to much higher figures if you consider the historic villas. For rentals, the prices are really affordable. A property in the center of the capital, can require even only 150 euros per month.
What can I say, we hope that our guide may have been useful to take this big step once and for all!
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