The Philippines’ property market is a vibrant and exciting landscape, attracting investors from all corners of the globe.
However, navigating the complexities of the Philippine real estate market can be a daunting task, especially for foreign buyers.
That’s where the expertise of a trusted real estate agent comes in handy. In the Philippines, property agents are commonly seen and used, in contrast to other places in the region where buyers are found based on referrals from family and friends.
So, who are the top players in the Philippine real estate scene? Let’s take a closer look at five of the best property agents the country has to offer.
KMC Savills
As part of the global Savills network, KMC Savills offers clients access to a wealth of international expertise and resources.
The agency has a strong presence in the Philippines, with offices in key cities such as Manila, Cebu, and Davao.
KMC Savills is known for its professionalism and commitment to client satisfaction. Their agents undergo rigorous training to stay up-to-date with the latest market trends and regulations, ensuring that clients receive accurate and reliable advice.
One of KMC Savills’ key strengths is its expertise in the commercial real estate sector. The agency has a proven track record of helping clients find and secure high-quality office spaces, retail outlets, and industrial properties.
They also offer comprehensive property management services, making them a one-stop-shop for all your real estate needs.
Colliers International Philippines
Colliers International is a global real estate services and investment management company, with a strong presence in the Philippines.
The agency has been operating in the country for over 20 years and has established itself as a trusted name in the industry.
Colliers’ agents are known for their in-depth market knowledge and ability to provide clients with comprehensive, data-driven advice. The agency has a dedicated research team that regularly publishes market reports, helping clients stay ahead of the curve.
One of Colliers’ unique selling points is its focus on tech and innovation. The agency has invested heavily in digital tools and platforms that streamline processes and enhance the client experience.
For example, their “Colliers360” platform provides clients with real-time access to market data, property listings, and transaction records.
Other than using a realtor, buying a property directly from real estate developers is also a choice. Yet that doesn’t mean the process will be trouble-free.
Santos Knight Frank
Yet another global agency with a strong presence, Santos Knight Frank is one of the top international realtors in the Philippines.
Focusing on Manila and Cebu, the company has operated for more than two decades and built a reputation for excellence in both the residential and commercial property sectors.
One of Santos Knight Frank’s key strengths is its global network which operates in dozens of countries.
As part of the Knight Frank group, the agency has access to a wealth of international resources and expertise. This can be particularly valuable for foreign investors looking to enter the Philippine market.
JLL Philippines
JLL is a global real estate services firm with a presence in over 80 countries, including the Philippines.
The agency has been operating in the country for over 20 years and has established itself as a leader in the commercial property sector.
JLL’s agents are known for their expertise in office leasing and property management. They work closely with clients to develop customized real estate strategies that align with their business goals and objectives.
One of JLL’s unique selling points is its commitment to sustainability. Their dedicated team of experts help clients incorporate green building practices and tech into their properties.
CBRE Philippines
CBRE is the world’s largest commercial real estate services and investment firm, with a strong presence in the Philippines.
The agency has operated here for over 20 years and built a reputation for excellence in both the residential and commercial property sectors.
CBRE’s agents are known for their market knowledge and commitment to client satisfaction. They offer a wide range of services, from property sales and leasing to valuation and advisory services.
One of CBRE’s key strengths is its focus on research and thought leadership.
The agency regularly publishes market reports and insights that help clients make informed decisions in a complex and ever-changing market.
Pick the Right Realtor in the Philippines
The main advantage of having an agent by your side is their ability to handle paperwork, legal requirements, and land titles in the Philippines.
Buying property in the Philippines involves various documents, from sales contracts to land titles. A good realtor will ensure paperwork is completed accurately and submitted on time, thus reducing your risk of any delays or legal issues.
When searching for a real estate agent in the Philippines, it’s essential to verify their credentials. Agents must be licensed by the Professional Regulation Commission (PRC) and work under a licensed broker.
It’s rather straightforward to check whether a realtor in the Philippines is licensed or not. You can simply check an agent’s license on the official PRC website to determine if they’re legit.
A licensed realtor in the Philippines should listen to your needs and work diligently to find the best options. They should also keep you updated throughout the process and remain available to answer any questions you may have.
When working with an agent, clear communication is often key. Make sure to convey your requirements, budget, and timeline upfront. Don’t hesitate to ask potential agents about their experience and track record either.
It’s wise to choose an agent who specializes in the type of property you’re interested in, whether it’s a condo in Manila or a beachfront villa in Cebu.
Different realtors have their own specializations, and there’s rarely a one-size-fits-all solution.
Some real estate agents are specialized in a specific type of properties. While a good agent can help find you the right property, it all should always start by doing your own research first.
A good realtor should be responsive and transparent about their fees. It’s worth noting that commissions for real estate brokers in the Philippines are high, usually depending on the property’s price and location.
Property commission rates in the Philippines vary between 2% and 5%, decreasing as the cost of the property increases.
For example, you’d probably pay between 2% to 3% commission on large penthouse or landed property. Yet a small condo would cost closer to 5%. Commissions are payable by the seller.
Finally, asking from trusted sources, such as friends or previous clients, are always a good starting point if you’re seeking a decent Philippines property company.
Risks of Philippine Property Agents
While real estate agents can make the buying process much smoother, it’s important to remember that they are ultimately working for a commission.
Some agents may prioritize closing a deal over finding the best fit for you. That’s why it’s crucial to do your own research and not rely solely on an agent’s advice.
One way to ensure you’re getting unbiased information is to work with a buyer’s agent. Unlike listing agents who represent the seller, a buyer’s agent works exclusively for you and has your best interests in mind.
Yet unlike in the western world, there isn’t really such concept of a separate buyer agent and seller agent in the Philippines. There’s normally one single realtor who takes a sales commission off the entire deal.
Another option is to use online resources to supplement your agent’s advice. Websites like Lamudi and RealEstate.ph provide a wealth of information on properties for sale, market trends, rental yields, and neighborhood guides.
Should You Hire a Realtor in the Philippines?
To conclude: working with a real estate agent often helps the process, especially if you’re a foreign buyer who is unfamiliar with the local market.
Keep in mind also that estate agents in the Philippines are not investment experts. They’re simply responsible for listing properties for sale by those who approach their agency, and upon finding a buyer, taking a commission on the deal.
By building communication with a real estate company, doing your own due diligence, and staying involved in the process, you can maximize all the perks of having a professional involved in your property search.
And who knows – you may find a perfect slice of paradise in this beautiful archipelago!
FAQs: Philippines Real Estate Agents
How Much is Property Commission in the Philippines?
Commissions for real estate brokers in the Philippines are high, usually depending on the property's price and location. The rates vary between 2% and 5%, decreasing as the cost of the property increases.
For example, an agent might list a large mansion for a 2% commission, but they'd charge 5% for a small shophouse apartment. Commissions are payable by the seller.
What's the Largest Realtor in the Philippines?
CBRE is the world's largest commercial real estate services and investment firm, with a strong presence in the Philippines.
Other large global agencies with a significant presence in the Philippines include Colliers International, Santos Knight Frank, and JLL. These firms have extensive networks and resources to serve clients across the country.
What Are the Risks of Buying Property in the Philippines?
Selecting trustworthy realtors and developers is essential - delays and poor building standards certainly aren't unheard of.
Opt for well-established companies that consistently deliver high-quality projects as promised. Large, reputable firms like SM Land and Megaworld are generally safe choices.
Before committing to a purchase, it's prudent to evaluate the surrounding neighborhood. Assess factors such as transport access and any potential noise concerns.
