Residential property prices in the Philippines posted a slower annual increase in the fourth quarter of 2025, with growth easing to 1.6 percent from 1.9 percent in the previous quarter, according to data from the Bangko Sentral ng Pilipinas. The latest reading marks the weakest pace of increase since the first quarter of 2019, signaling a more tempered movement in the country’s housing market.
BSP data on the Residential Property Price Index showed that price growth remained stronger in the National Capital Region than in Areas Outside the NCR. In Metro Manila, residential property prices rose by 2.3 percent year on year, matching the pace recorded in the third quarter. Outside the capital region, however, price growth slowed further to 1.0 percent, the lowest on record.
Price movements also varied sharply by housing type. House prices, which cover single-attached and detached units, apartments, townhouses, and duplexes, barely moved, rising by just 0.1 percent in the fourth quarter. This was a sharp slowdown from the 1.9 percent expansion seen in the previous quarter and the smallest increase since the first quarter of 2019.
In contrast, condominium prices continued to strengthen, climbing 3.5 percent year on year, a marked acceleration from the 1.4 percent growth recorded in the third quarter. The divergence suggests that while demand for landed homes may be cooling, the condominium segment remains relatively resilient.
The Residential Property Price Index tracks the average change in prices of different housing types over time using data based on actual housing loans granted by banks. It is one of the key indicators closely watched by the central bank in assessing conditions in the real estate and credit markets.
