Under the Law of the Philippines, former Filipinos or those who are natural-born Filipinos but lost their citizenships are still entitled to own real estate properties in the Philippines subject to a few limitations. If you are a former Filipino, the following will be a helpful guide:
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Land must be used for residential or business purposes only.
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Land acquisition may be through sale, donation, tax sale, foreclosure, or execution sale.
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If the land is for residential purpose, a maximum of 1,000 sq meters of urban land or one (1) hectare of rural land is allowed.
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If the land is for business purpose, a maximum of 5,000 sq meters of urban land or three (3) hectares of rural land is allowed.
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A maximum of two (2) lots not exceeding the maximum limit in total combined area is allowed. Lots must be located in different cities or municipalities.
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Either rural or urban lots, but not both, can be acquired.
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Either one or both spouses may avail of this privilege, but the above limits must be observed.
Holders of Dual Citizenships are allowed full rights of possession of real estate in the Philippines.
Source: http://www.realestatephilippines101.com/articles/2007/07/philippine-citi...
Cor., Valero St., Legaspi Vill., Makati City