ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Comparing Real Estate Prices in Philippines and Florida

Updated on July 30, 2016
A home for sale in the Philippines costing  around $85,000.
A home for sale in the Philippines costing around $85,000.

Many Americans seek refuge in the Philippines during their retirement years in order for their pensions to last longer, tropical weather, and friendly people. Most automatically think everything is cheaper there, and for some things, this is true. The cost of living is cheaper in the Philippines but keep in mind, so is the quality.

Foreigners cannot own land there unless married to a native citizen and it is legally theirs also, however, they can own the structure on the land. This limits foreigners in being able to own just condos and not single family homes. The Filipino government does not want foreigners to own their land.

Keep in mind, the quality of construction is never up to US standards for many developers and will probably not last for 20 years. That is not to say it is bad, it is just use of cheaper materials and different building codes etc. Many developments want you to buy into the development before the home is actually built. Crazy, I know. Many developments fail or languish for years for funding issues etc. Always buy when the development is completed.

Space is a premium and most new homes have very little yard space. Nearly all condos are in high rise buildings, something very different than in the US. As far as values, well a modest new home of just 1000 sq. ft can cost you over 3,500,000 pesos or $78,000. Most new homes tend to be two story because land is precious. In contrast, many condos sell for this price in Florida in the Tampa and southern Florida area. For many, a better option not available in the Philippines is buying a manufactured home because the prices are much lower. The same square footage would sell for only $20,000. Sure, you do not own the land it is on, but most mobile home parks are a community with pool etc. If you find one that seems more like a house than mobile home, its a great deal. But, homes in Florida of decent quality do seem to cost more, but then you do own the land, while in the Philippines, your Filipino spouse owns it.

Some new homes in the Philippines that are only 600 sq. ft. could run you $55,000. A nice place to rent with all the amenities and perks could go for $1000 a month, which is cheap by American standards.

All things considered, if you are seeking tropical weather and beaches, Florida is way easier and quality remains good and always better than the Philippines. The same goes for the quality of life.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)