The Market Monitor Minding the Nation's Business
Prices of housing units in the Philippines increased in the first quarter of 2025, albeit at a slower pace, driven by higher prices in the National Capital Region (NCR).
The nationwide Residential Property Price Index (RPPI) moderated from 9.8 percent year-on-year (y-o-y) in Q4 2024 to 7.6 percent in Q1 2025.
In terms of location, the NCR led the nationwide growth in residential property prices in the first quarter of this year, with the region’s index posting a 13.9-percent y-o-y increase. This outpaced the 3.0-percent uptick in Areas Outside the NCR.
In terms of categories, both condominium units and houses contributed to the rise in property prices, with their indices posting 10.6-percent and 4.5-percent growth, respectively. Houses include single-attached or detached, apartments, townhouses, and duplexes.
The RPPI is a measure of the average change in the prices of various types of housing units over time, based on banks’ data on actual loans granted to acquire residential properties.
It is among the key indicators that the BSP monitors in assessing the country’s real estate and credit market conditions.