Philippine residential property prices grew 1.9 percent year-on-year in the third quarter of 2025, marking a significant moderation from the 7.5-percent increase recorded in the previous quarter, according to the Bangko Sentral ng Pilipinas (BSP).
The BSP Residential Property Price Index (RPPI) showed that price appreciation cooled across most categories. While the market remained in positive territory, the pace of growth slowed as the bank continued to monitor credit conditions and real estate market health.
Growth was led by the National Capital Region, where prices rose 2.3 percent. In areas outside the capital, property prices saw a more modest increase of 1.6 percent from July to September.
The housing sector saw mixed results when broken down by unit type. Prices for houses, which include single-attached or detached units, apartments, townhouses and duplexes, rose 1.9 percent. This represented a sharp deceleration from the 13.1-percent growth seen in the second quarter of 2025.
Condominium units showed signs of recovery, with prices increasing 1.4 percent. This followed a 0.2-percent contraction in the second quarter, suggesting a slight rebound in demand for high-rise residential spaces.
The RPPI tracks the average change in housing prices over time based on actual housing loan data provided by banks.
It serves as a primary indicator for the central bank to assess the stability of the country’s real estate and credit markets.
