Property price growth hits 7-year low

Residential property price growth in the Philippines slowed to 0.4 percent in the second quarter of 2026, its weakest expansion since the first quarter of 2019, as falling prices outside Metro Manila offset continued gains in the capital.

Data from the Bangko Sentral ng Pilipinas’ Residential Property Price Index showed that residential prices in the National Capital Region rose 5.2 percent in the April-to-June period.

This was offset by a 2.7-percent decline in property prices in areas outside the NCR.

The slowdown was also reflected across housing types.

Prices of houses, including single-attached and detached homes, apartments, townhouses and duplexes, fell 4.1 percent during the quarter.

Condominium prices, however, continued to rise and accelerated to 6 percent from 4.6 percent in the previous quarter.

The RPPI tracks changes in the prices of different residential property types using actual housing loan data from banks.

The BSP uses the index as one of its key indicators in monitoring conditions in the country’s property and credit markets.