Residential property prices in the Philippines rose by 7.5 percent year-on-year in the second quarter of 2025, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).
The increase, measured through the Residential Property Price Index (RPPI), was slightly slower than the 7.6 percent growth recorded in the first quarter.
Price growth was primarily driven by strong gains in Areas Outside the National Capital Region (AONCR), where housing prices surged by 11.5 percent year-on-year. In contrast, prices in the National Capital Region (NCR) registered a more modest 2.4 percent increase during the same period.
By property type, price trends were mixed. The cost of houses—including single-attached or detached units, townhouses, apartments, and duplexes—rose sharply by 13.1 percent year-on-year. However, condominium unit prices declined marginally by 0.2 percent, dampening the overall index slightly.
The RPPI, compiled using data from banks’ housing loan transactions, tracks the average change in prices of various residential property types over time. It serves as a key indicator for the BSP in monitoring real estate and credit market conditions across the country.
Despite the slight deceleration in national housing price growth, the robust increase in AONCR highlights continued demand outside Metro Manila, reflecting broader shifts in residential development and buyer preferences.
