The Complete Guide to Buying Property in Siargao Island

Siargao Island has emerged as one of the Philippines' most sought-after destinations for property investment. Known as the surfing capital of the Philippines, this tear-drop shaped island offers pristine beaches, lush landscapes, and a laid-back island lifestyle that attracts both tourists and investors worldwide.

Why Invest in Siargao?

The island's growing popularity as a tourist destination has created significant opportunities for property investors. With direct flights from Manila and Cebu, improved infrastructure, and a thriving expat community, Siargao presents an attractive investment landscape.

Legal Requirements for Foreign Buyers

Foreign nationals can own condominium units in the Philippines, provided that foreign ownership does not exceed 40% of the total project. However, foreigners cannot directly own land. Common workarounds include:

• Long-term lease agreements (up to 50 years, renewable for another 25 years)
• Philippine corporation ownership (with 60% Filipino ownership)
• Marriage to a Filipino citizen (land can be titled in spouse's name)

Best Locations for Property Investment

General Luna remains the most developed area, offering proximity to Cloud 9 and a vibrant tourism scene. Del Carmen provides more affordable options with excellent potential for appreciation. Pilar and Dapa offer quieter alternatives with growing infrastructure.

Investment Considerations

Property prices in Siargao have appreciated significantly over the past decade. Beachfront land commands premium prices, while inland properties offer more affordable entry points. Consider factors such as accessibility, proximity to surf breaks, and existing infrastructure when making your decision.

Working with Local Experts

Engaging a reputable local real estate agent and lawyer is essential. They can help navigate the complexities of Philippine property law, conduct due diligence, and ensure all documentation is properly executed.