Residential property prices rise at slower pace in Q3

CEBU, Philippines — Residential property prices in the Philippines continued to rise in the third quarter of 2025, though at a markedly slower pace, signaling a cooling housing market as borrowing conditions and demand normalize.

Bangko Sentral Ng Pilipinas (BSP) reveled that across all housing types increased 1.9 percent from a year earlier, down from a revised 7.5 percent gain in the previous quarter, according to the Bangko Sentral ng Pilipinas’ Residential Property Price Index.

Growth was led by the National Capital Region, where prices climbed 2.3 percent year on year. Areas outside Metro Manila recorded a more modest 1.6 percent increase, underscoring softer demand in regional markets.

Price movements varied by housing type. Houses—including single-detached and attached units, townhouses, apartments and duplexes—rose 1.9 percent, sharply slower than the 13.1 percent surge seen in the second quarter. Condominium prices, meanwhile, returned to growth, posting a 1.4 percent increase after contracting 0.2 percent in the previous quarter.

The residential property price index tracks average price changes using data from banks’ actual housing loan transactions.

The BSP monitors the index as a key gauge of real estate market conditions and potential risks in the broader credit system.