Property for sale in Cebu, Central Visayas

A wide range of property types is available in Cebu, with houses as the most popular types. Houses in the province come in all styles and sizes, but small families and couples usually choose to live in bungalows (single-story houses). Bungalows in Cebu are usually built with modern design and offer abundant space in the living area, bedroom, and kitchen and dining area. Those who are looking for a bigger space can also opt for a two-story house or townhouse, which can be found all around the province.

In recent years, the demand for condo and apartments has also increased. Both condos and apartments in the province are situated in a high-rise, mid-rise, and low-rise buildings. They are usually designed with modern interior and provide “western” amenities, such as swimming pools and gyms. Some condos and apartments also offer a hotel-like lifestyle.

Cebu City is the largest city in the province. It is a 1st class highly urbanized city and, with over 920,000 people living in its area, it is the most populous city in the Visayas. The city is known for its modern shopping malls, buzzing nightlife, and historical buildings.

Another popular city is Moalboal, which is located on the South-West side of Cebu Island. Many people use this city as their entry point to Panagsama Beach, where visitors can find a number of bars, restaurants, resorts, and diving schools. This city offers more Filipino and amazing nature experience than Cebu City.

Besides Moalboal and Cebu City, the tourist areas in the province are the islands of Bantayan, Badian, Mactan, Malapascua, and Camotes.

Many foreigners relocate to Cebu due to its relatively affordable and reasonable cost of living. Like in many other areas in the Philippines, most foreigners can live in Cebu comfortably on very little, mainly due to the exchange rate from the US dollar to the Philippine Peso. US$1 is equivalent to around ₱49.1

Besides its low cost of living, many people fall in love with this province due to its friendly people and amazing weather. Cebu experiences two seasons: rainy (November to June) and dry (December to May).

To be able to live in Cebu, foreigners need a visa. Most expats living in the province obtain Long Stay Visitor Visa, which has a maximum length of 16 months and needs to be reapplied up to 6 months at a time.

1. Rental yields – properties in Cebu offer good rental yields. On average, the rental yield is about 4.4% in the city center and 5.8% outside of the city center.
2. Improving infrastructure – the infrastructure of Cebu is constantly improving. From the road system to the water system.
3. Friendly regulations for foreign investors – non-Filipinos cannot buy land in the Philippines but are allowed to buy properties. This regulation is very favorable for foreign investors.