In the Philippines, Foreign Nationals can only buy condominium units under Republic Act 4726, otherwise known as the Condominium Act. The law provides that no condominium unit can be sold without at the same time selling the corresponding amount of rights, shares or other interests in the condominium management body (The Condominium Corporation) , and no one can buy shares…
Tag: Condominium
Condominiums Advantages Of Ownership
Condominiums tend to be a love it or hate it subject with property owners. Here are the advantages of owning a condominium. Condominium – Advantages Condominiums provide a unique living opportunity in the United States, one that many people have jumped on in this hot real estate market. Although not for everyone, condominium ownership does have some distinct advantages over…
Condotels Condo Hotels New Hotel Phenomenon Set To Sweep The Philippines
Interest in the Philippines condominium hotels sector has increased significantly in the past two years following many years of intermittent development and association with other shared ownership vehicles, says Beth Collingz in her recent report: ‘Condominium Hotels-The Philippines Latest Hotel Phenomenon’ Beth Collingz, Overseas Marketing Director, Investment Sales for PLC International Marketing the lead marketing partners for Pacific Concord Properties…
Condominiums Disadvantages Of Ownership
Purchasing a new residence involves many issues and condos may be on your radar. Before you buy, keep in mind there are disadvantages to condominium ownership. Condominiums – Disadvantages Condominiums are simply a collection of units in a structure or structures. All property on the interior of the unit is yours with few limitations. Everything outside of the unit, however,…
Luxury Lakefront Condominiums Can Be Within Your Reach
Much has been written about the so-called housing bubble in the United States. After growing exponentially for several years, housing prices in many markets are inching downward. Some analysts are even calling this a buyer’s market, especially for condominiums. If you’ve been holding off buying property, or have thought that the cost is out of your reach, it may be…
Advantage Of Renting A Condotel Suite In Cebu While On Vacation In The Philippines
Lancaster Cebu Resort Residences [LCRR] in Mactan, Cebu, a boutique Brand Name Condotel Investment of Pacific Concord Properties Inc, is now ready to accept guests in the Condo Hotel. Under the management of Lancaster Hotels, Land and Properties, Inc. [LHLPI], rental operations of LCRR were soft launched March 2007. Beth Collingz, International Marketing Director of PLC Global an internet based…
Tampa Bay Condominiums
Condominiums in the Tampa and Clearwater area have become a popular choice for those seeking to buy second homes, real estate investments, or for those desiring a break from outside maintenance and upkeep. This is due to the multitude of benefits associated with condominium living. Combine those benefits with the beauty, abundant sunshine, pristine beaches and coastline of the Tampa…