By Anna Leah Gonzales
Residential property price growth in the Philippines slowed to just 0.4 percent in the second quarter of 2026, marking the weakest expansion since the first quarter of 2019.
According to the Bangko Sentral ng Pilipinas (BSP) Residential Property Price Index (RPPI) report released Friday, the deceleration was primarily driven by falling real estate values in provinces outside the National Capital Region (NCR), which offset ongoing price gains within Metro Manila.
Residential property prices in the NCR managed an increase of 5.2 percent for the April-June period.
For areas outside NCR, property prices went down by 2.7 percent.
By housing type, the BSP said price trends were mixed.
House prices, which include single-attached or detached units, apartments, townhouses and duplexes, declined by 4.1 percent.
Condominium prices, meanwhile, rose at a faster pace of 6 percent from 4.6 percent during the previous quarter.
The RPPI is a measure of the average change in the prices of various types of housing units over time, calculated from banks’ data on actual housing loans.
It is among the key indicators that the BSP monitors in assessing the country’s real estate and credit market conditions.
