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Keisha Ta-Asan - The Philippine Star
March 28, 2026 | 12:00am
Data from the central bank showed the Residential Property Price Index (RPPI) rose by 1.6 percent year-on-year in the October to December period last year, easing from 1.9 percent in the third quarter of 2025.
STAR / File
MANILA, Philippines — Residential property prices in the Philippines posted their slowest increase in more than six years in the fourth quarter of 2025 as gains moderated across most segments, according to the Bangko Sentral ng Pilipinas (BSP).
Data from the central bank showed the Residential Property Price Index (RPPI) rose by 1.6 percent year-on-year in the October to December period last year, easing from 1.9 percent in the third quarter of 2025.
This marked “the slowest pace of increase since the first quarter of 2019,” the BSP said.
On a quarter-on-quarter basis, property prices remained in contraction territory, declining by 1.3 percent, although this was a narrower drop compared with the 3.8-percent decrease in the previous quarter.
Despite the overall slowdown, Metro Manila continued to post faster annual price growth than the rest of the country. Residential property prices in the National Capital Region (NCR) rose by 2.3 percent year-on-year, unchanged from the previous quarter.
In contrast, areas outside NCR saw weaker price increases, with growth slowing to one percent from 1.6 percent a quarter ago, which the BSP described as “the lowest growth on record.”
Price trends diverged across housing types, reflecting uneven demand conditions in the property market. House prices inched up by just 0.1 percent in the fourth quarter, sharply down from 1.9 percent in the previous quarter.
The BSP noted this was also “the smallest increase since the first quarter of 2019.” House prices include single-attached or detached units, apartments, townhouses and duplexes.
By contrast, condominium prices continued to firm up, increasing by 3.5 percent year-on-year, faster than the 1.4-percent growth recorded in the third quarter.
The RPPI tracks changes in residential property prices using data from bank housing loans and serves as a key gauge of real estate and credit market conditions.
“It is among the key indicators that the BSP monitors to assess the country’s real estate and credit market conditions,” the central bank said.
