Residential real estate price index annual growth rate Philippines 2017-2023

Published by
Christy Balita,
Apr 16, 2024

The residential real estate price index in the Philippines experienced a 10.9 percent growth in comparison to the previous year. Housing prices in the country have been increasing year-on-year since 2017, except for 2021.

The Residential Real Estate Price Index (RREPI) is used to measure the rate at which the price of residential properties changes over time. It is also an indicator to assess the country's real estate and credit market situation.

Annual growth rate of the residential real estate price index in the Philippines from 2017 to 2023

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Release date

March 2024

Region

Asia, Philippines

Survey time period

2017 to 2023

Special properties

base value was Q1 2014 which was equivalent to 100

Supplementary notes

Figures are in comparison to the previous year. 

All housing units include single detached/attached houses, duplex, townhouses, condominium units, except apartments due to very few observations. 

Values were based on bank reports on residential real estate loans granted per BSP Circular No. 892 dated November 16, 2015.

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Overview

5

Construction

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Financing

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Price development

5

Home occupancy

7

Affordable housing

3

Condominium

7

Luxury housing

4

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Topics

Residential real estate in the PhilippinesBanking in the PhilippinesDemographics of the PhilippinesNatural disasters in the PhilippinesConstruction sector in the Philippines
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