Properties For Sale in Cebu, Philippines 2025

As of 2023, Cebu City continues to be a robust real estate market driven by strong economic growth, a burgeoning BPO industry, and increased infrastructure projects. Property prices have shown a steady increase of around 5-8% annually, with high demand in both residential and commercial sectors. The city's strategic location in the Visayas, combined with government incentives for investors, makes it an attractive destination for both local and international buyers.

Foreigners can own condominium units in Cebu, provided that foreign ownership does not exceed 40% of the entire condominium project, as per Philippine law. However, they are generally restricted from owning land. Instead, foreigners can opt for long-term lease agreements or purchase property through a Philippine corporation, where the foreign stake does not exceed 40%.

Expatriates in Cebu City often prefer areas such as IT Park, Lahug, and Banilad due to their proximity to business districts, international schools, and lifestyle amenities. The Mactan area is also popular, especially for those seeking properties near the beach. Each of these areas offers a blend of modern conveniences and a vibrant local culture, making them ideal for international buyers.

Cebu City offers a relatively affordable cost of living compared to Manila. Monthly expenses, including housing, food, and transportation, can be significantly lower. A mid-range condominium in Cebu might cost around PHP 80,000 per square meter, whereas similar properties in Manila can exceed PHP 120,000 per square meter. Additionally, the lower cost of goods and services makes Cebu an attractive option for foreign retirees and expatriates.

Cebu City boasts a strong rental market due to its thriving BPO sector and tourism industry. Rental yields in Cebu can range from 6-8%, depending on the property's location, type, and amenities. Properties in prime locations, such as near IT Parks or universities, tend to attract higher rental rates and consistent occupancy, making them attractive investment options.

Cebu City offers a plethora of lifestyle amenities catering to expatriates, including international schools, hospitals, shopping malls, and recreational facilities. The city is known for its vibrant cultural scene, with numerous festivals, dining options featuring international cuisine, and easy access to some of the Philippines' best beaches and dive sites. These amenities make Cebu a desirable location for expatriates looking for a balance between work and leisure.

Cebu City provides a variety of transportation options, including taxis, jeepneys, buses, and ride-sharing services like Grab. The ongoing development of the Cebu Bus Rapid Transit (BRT) system aims to provide more efficient public transport solutions. Additionally, the Mactan-Cebu International Airport offers extensive domestic and international connections, making travel convenient for residents.

Cebu City enjoys a tropical climate, with an average temperature of 27°C (81°F), making it a year-round destination. The city experiences a wet season from June to November, which could impact construction schedules or outdoor amenities in some properties. However, the generally favorable weather conditions contribute to a high demand for properties with outdoor spaces, such as balconies or terraces.

International buyers should consider factors such as currency exchange rates, financing options, and property taxes. While financing is available from local banks, it is often limited to Philippine residents. Foreign buyers typically need to arrange financing in their home country or pay in cash. Additionally, buyers should be aware of the 6% capital gains tax and other transaction costs, which add to the overall investment outlay.