We haven't yet bought, and have been so close to it on many occasions. The issue is that buying in the Philippines isn't an investment, and should not ever be compared to the UK housing market. Nor should you ever think that buying is the same, the haggling and agreeing over prices, I have known people in Manila who have managed to argue prices down to 2/3 and even on one occasion 1/2 of the offering price. I don't think this is just a foreigner thing, I truly believe this is a complete different culture, with different beliefs on what is normal and right.
Having taken a lot of research, and been inches of paying deposits on two condos and being part owners of a house in Cebu, we still aren't sure.
The more we look, the more complex it gets, but we will buy eventually.
