The real situation in retirement in the Philippines

Posted by LauraDerb on January 2nd, 2021

The Philippines is an archipelago consisting of over seven thousand islands, and changes with the actual number depend on the tide. The country landscape is diverse with stormy islands to towering peaks to pristine beaches and wooded views. The country is widely spread over a hundred ethnic groups who have experienced a long colonial history. The experience of retiring in the Philippines has become one of the hottest topics online for expatriates seeking a future of rest and recreation.

When deciding to retire in the Philippines, medical care is one of the issues to be taken seriously. The quality of care depends on where you are in the country and the best hospitals are found in the country’s capital Manila. So when choosing a residence when you retire in the Philippines, be fully informed about the health options available to you nearby.

As for real estate in the country, there are certain restrictions that apply to foreign nationals, especially those retiring in the Philippines. Foreign nationals cannot own property except through inheritance. However, foreigners can own property through investments in companies that are duly registered with the government. Foreigners can also invest in condominiums sold in the real estate Pinoy Forums.

Another aspect that has made retirement in the Philippines such an attractive option is the shopping opportunities in the country. There are choices from old world established markets where price runs are the norm for bargains or high-end shopping in premier malls in the country's leading business district where couture brands can be purchased.

The cost of living also affects the overall standard of living for those retiring in the Philippines. For a couple living in one of the city's centers in the country, a budget of $ 2,000 can allow for a comfortable stay and a standard of living far above the country's norm. As recommended in the Expat Forum, "the cost of living changes and depends on your location."

Another reason tourists flock to the country is the weather, which is a world apart from the cold and clammy borders of North America and many European countries. The weather in the country is hot, humid and wet with average temperatures of approx. 26 degrees Celsius. As summer comes around, many locals and tourists flock to the highlands of Baguio and Tagaytay for cool mountain air. What to avoid, however, are the many beaches in the country as the typhoon season rolls around as these tropical storms have been able to clear houses in the back in the wake.

These four aspects of life in the Philippines, namely weather, health care, property and cost of living are important for one who chooses to retire in the country. As all three turn out to be within reach of many retirees, these have become important reasons why expatriates and tourists are establishing roots in the country. And for those who have set up their home in the country, they have never regretted their decision to retire in the Philippines.