Dakila, I have spent the last 4 years living in the Philippines and have been so close to putting money into property there, and everytime have been glad I haven't. The only white guy I know who makes money, buys the property cheap and sells it onto other white guys at a higher price and offers rent to buy for some.
Seriously, if you thinking of an investment in the Philippines, you'd be a lot better to buy in the UK or elsewhere. If your looking for a holiday condo that you could rent out a little bit in your spare time recoup some of your losses, then thats a different story.
I know it sounds pessamistic, but I'm just being very honest. I've seen far too many people screwed over in the Philippines, locals and foreigners.
