Philippine residential property prices rose 7.5% year-on-year in the second quarter of 2025, slightly slower than the 7.6% growth in the previous quarter, but with faster gains recorded outside the capital, central bank data showed.
According to the Bangko Sentral ng Pilipinas’ (BSP) Residential Property Price Index (RPPI), areas outside the National Capital Region (AONCR) drove the nationwide increase, with housing prices jumping 11.5% from a year earlier, up sharply from 3% in the first quarter.
In contrast, Metro Manila price growth slowed to 2.4% in the quarter from 13.9% previously. On a quarter-on-quarter basis, AONCR prices surged 10.5%, while NCR prices fell 3.6%.
By housing type, prices of houses – including single-detached, townhouses, duplexes and apartments – rose 13.1% year-on-year, offsetting a marginal 0.2% decline in condominium unit prices.
Quarter-on-quarter, house prices gained 10.3%, while condominium prices fell 2.8%.
All major areas outside Manila posted year-on-year increases, led by Balance Greater Manila Area with 13.2%, Metro Cebu with 11.5%, and Metro Mindanao with 7.7%.
The BSP also reported a rebound in residential real estate loans after four straight quarters of decline.
The number of housing loans granted nationwide rose 14.7% year-on-year in Q2, supported by higher loan take-up in both NCR (10.3%) and AONCR (16.6%).
Loan demand for condominiums surged 39.8%, while house loans increased 2.7%.
Median housing prices nationwide stood at 3.4 million pesos ($58,000), with NCR houses commanding the highest median at 7 million pesos.
The RPPI, which tracks price movements based on banks’ housing loan data, is a key indicator the BSP uses to monitor risks in the property and credit markets.
Business News Asia
