Residential property prices in the Philippines grew 1.6 percent in the fourth quarter of 2025, easing from the 1.9-percent increase recorded in the previous quarter, data released Friday by the Bangko Sentral ng Pilipinas (BSP) showed.
The BSP said the latest figure marked the slowest pace of housing price growth since the first quarter of 2019.
It said the growth was supported by the steady price appreciation in the National Capital Region (NCR), where residential property prices continued to similarly increase by 2.3 percent in the last quarter of the year.
Price increases, however, moderated from 1.6 percent in the previous quarter to 1.0 percent in areas outside NCR. The BSP said this was the weakest growth recorded for areas beyond NCR.
By property type, the BSP reported mixed trends across house prices and condominium prices.
House prices, which include single-attached or detached units, apartments, townhouses and duplexes, slightly increased by 0.1 percent in the fourth quarter. This marked a sharp slowdown from the 1.9-percent increase in the previous quarter and the smallest gain since early 2019.
Meanwhile, condominium prices largely appreciated by 3.5 percent compared to the 1.4-percent increase in the third quarter.
“In [the fourth quarter of 2025], the median price for all housing types in the Philippines stood at P3,440,423. This was slightly lower than the median price of condominium units at P3,455,020, but higher than that of houses at P3,329,154,” the BSP said in its Residential Property Price Index (RPPI) report.
By location, NCR houses posted the highest median price among all housing types at P8,507,150, while those in other areas outside the capital recorded the lowest median price at P2,337,000.
The BSP uses the RPPI as one of the key indicators to assess the country’s real estate and credit market conditions by tracking changes in residential property prices based on actual housing loan data from banks.
