Manila: Growth of residential property prices posted its slowest annual rate of 1.9 percent in the third quarter of 2025, data released by the Bangko Sentral ng Pilipinas (BSP) on Friday showed. In the previous quarter, the Residential Property Price Index (RRPI), which is a measure of average changes in the price of housing units, stood at 7.5 percent.
According to Philippines News Agency, prices of properties in the National Capital Region (NCR) led the overall increase with a 2.3 percent annual jump, while those in areas outside NCR (AONCR) expanded by 1.6 percent. Rise in the prices of single-attached/detached units, apartments, townhouses, and duplexes posted a faster growth of 1.9 percent in the third quarter, compared to the 1.4 percent rise in the prices of condominium units.
The BSP highlighted that RRPI is one of the key indicators it monitors in assessing the country's real estate and credit market conditions.
Leechiu Property Consultants, in its third quarter 2025 report, indicated that the residential market gained traction from August to September this year on renewed buyer activities and fewer project launches among developers, which, in turn, resulted in lower inventories. It mentioned that while affordability constraints remained and modest rental gains tempered buyer appetite, the market's recovery is supported by resilient demand drivers and improving financing conditions.
