Properties For Sale in Manila, Philippines 2026

As of 2023, Manila's real estate market is experiencing robust growth, driven by its strategic location in Southeast Asia and a thriving economy. The demand for both residential and commercial properties remains high, fueled by the city's expanding BPO industry and the rise of urban developments. Property prices in key business districts like Makati, BGC, and Ortigas have shown steady appreciation, with some areas witnessing a 5-7% annual increase. Investors are particularly interested in condominiums and mixed-use developments due to their high rental yields, often exceeding 6% per annum.

Foreigners can legally own condominium units in Manila, but there are restrictions. Under Philippine law, foreign ownership in a condominium is limited to 40% of the total project. It's crucial to ensure that the condominium corporation complies with this limit. For land ownership, foreigners must set up a corporation with at least 60% Filipino ownership. Alternatively, long-term leases up to 50 years are available, renewable for an additional 25 years.

Manila has a relatively high cost of living compared to other Philippine cities, which can impact investment returns. However, the city offers a dynamic lifestyle with ample amenities, a favorable climate, and a vibrant culture, which are attractive to expatriates and locals alike. This demand sustains rental rates, particularly in prime areas. Understanding the cost of living helps investors price their properties competitively while ensuring returns align with market expectations.

International buyers in Manila have several financing options, including local bank loans and developer financing. Major banks like BDO and Metrobank offer home loans to eligible foreigners, typically requiring a 20-30% down payment with interest rates ranging from 6-8% per annum. Some developers also provide in-house financing or flexible payment terms to attract foreign investors, often with lower initial down payments and competitive interest rates.

Manila's real estate developments often boast a range of lifestyle amenities designed to attract discerning buyers. These include swimming pools, fitness centers, function rooms, and landscaped gardens. High-end developments may offer concierge services, specialty dining options, and access to shopping complexes. Proximity to top-tier schools, hospitals, and business districts also adds to the appeal, making these properties popular among both local and international buyers seeking convenience and luxury.

Manila's rental market is thriving, thanks to its burgeoning expatriate community and a strong influx of young professionals. Properties in areas like Makati, Bonifacio Global City, and Ortigas command high rental values, with yields often ranging from 5% to 8%. The steady demand for rentals, driven by Manila's role as a business hub, ensures that well-located properties experience low vacancy rates. Investors focusing on fully furnished units or those near transport links can further enhance their rental potential.

Foreign property investors in Manila should be aware of various taxes. These include a capital gains tax of 6% on the sale of the property, a documentary stamp tax of 1.5%, and a transfer tax that varies per locality. Additionally, annual property taxes are imposed based on assessed property values. While the country does not levy inheritance taxes, understanding these obligations is crucial for long-term financial planning and compliance.

Manila is witnessing significant infrastructure development, with projects like the Metro Manila Subway and the expansion of the Skyway system set to transform the city's connectivity. These improvements are expected to boost real estate values, especially in areas with enhanced accessibility. As traffic congestion is eased, properties in previously less accessible neighborhoods are becoming more attractive, leading to potential appreciation and increased interest from investors seeking early opportunities.

International buyers in Manila often gravitate towards neighborhoods like Makati, Bonifacio Global City (BGC), and Ortigas due to their business-centric environments and cosmopolitan lifestyle offerings. These areas not only provide luxury accommodations but also house international schools, high-end shopping malls, and vibrant dining scenes, making them ideal for expatriates. Additionally, emerging districts like Quezon City and Alabang are gaining traction for their affordability and developing infrastructure.