Buying property in the Philippines is much like everywhere else in the world. Just the same, it pays knowing your legal rights as a real estate buyer so you can be protected against unscrupulous characters that seek to take advantage of unwitting investors. The country has many laws in place to ensure proper guidance in dealing with properties for sale in Cebu and elsewhere in the Philippines. Below are things you should know about property ownership in the country and some related laws that you should familiarize yourself with when it comes to property sale and ownership: Foreigners cannot legally own land anywhere in the Philippines, but they can own apartments or condominium units in high-rise buildings, so long as foreign proportions don’t exceed 40%. Buying a house is also allowed, but a foreigner cannot own the land on which the house is built.