Can a foreigner buy a property in Cebu, Philippines?

Can a foreigner buy a property in Cebu, Philippines?

Can a foreigner buy a property in Cebu, Philippines?

Yes, foreign nationals can buy property in Cebu or anywhere in the Philippines but with limitations. Foreigners can own a condominium unit, house and lot in the Philippines, only with a Condominium Certificate of Title (CTC). When a foreigner is married to a Filipino, they can acquire any property even with a Transfer Certificate of Title (TCT). Or by creating a Corporation, wherein 60% is Filipino, 40% is foreign-owned.