⌛ Ownership

Actually, what i am trying to tell here is that a foreigner can only own a max of 40% of that property and 60% is for the filipino... it seems the topic is just going topsyturvy with the same thoughts.
Read and understood the situation.
that's why i said read more about the law of the Philippines; every country has its own law.
use your senses...

 

You are absolutely correct. This subject always goes topsyturvy because there is always people who think they have found a way around this law. However, there IS no way around this law, but convincing some of them that this is the case is impossible.

Larry

 

I have thought about buying land and property here but the present law turns such an investment off. In any case I prefere renting as this means I can move on to other beautiful Islands when I so wish when I am bored with this place.

 

For me dumaguete is a nice place to stay with or without a family, peaceful, and not really a boring type of place.
Well, yah its your choice if u have to rent or build your own. If you have to think it over, you will rent for how many years there and try to add your rental payment ...-ofcourse you have to pay other bills aside from the house, just think which way you can save. i think you could say it's better i have to build...specially if your wife is a filipina and a native of dumaguete she we will really like it there.
"If we have to look forward not only for our own happiness but also for the person who are with us .. it is wonderful to have it."