What is the General Rule of Holding or owning a Real Estate?

1. General Rule – only Filipino citizens and corporations at least sixty percent of the capital of which is owned by Filipino are entitled to acquire and own land in the Philippines. 2. Exceptions to General Rule – Alien acquisition of real estate in the Philippines is allowed in the following cases: a) Acquisition before the 1935 Constitution; b) Acquisition thru hereditary succession if the alien acquires is a legal heir. c) Purchase of not more than forty percent interest in a condominium project. d) Purchase by former natural-born Filipino citizens subject to the limitations prescribed by law (Batas Pambansa 185 and R.A. 8179). 3. A Filipino who marries an alien retains her Philippine citizenship (unless by her act or omission she is deemed to have renounced Philippine citizenship), and may therefore acquire real estate in the Philippines.  more