ADVERTISEMENT
Manila Bulletin devider Business devider Banking & Finance devider Metro Manila housing price growth hits 18-month low

Metro Manila housing price growth hits 18-month low

Published Sep 26, 2025 02:10 pm
Driven by the decline in condominium unit prices, housing price growth in Metro Manila grew at its slowest pace in one and a half years in the second quarter of the year, a sluggish rate not seen since property prices contracted in late 2023.
According to the residential property price index (RPPI) reported by the Bangko Sentral ng Pilipinas (BSP), housing prices in the National Capital Region (NCR) increased by 2.4 percent in April to June 2025, a slowdown from the 9.3 percent price hike a year ago.
Contributing to the slowdown in all types of housing units was the 2.2-percent contraction in condominium unit prices during the quarter, compared with a 13.7 percent inflation rate in the same period in 2024.
Offsetting the overall potential contraction was the 14.3 percent hike in housing—single houses, townhouses, duplexes, and apartments—prices, following a two percent drop a year ago.
On a quarterly basis, residential property prices dropped by 3.6 percent in the April-to-June period, reversing the 9.2 percent increase in the first quarter.
Meanwhile, the Greater Manila Area (GMA)—Metro Manila and the adjacent provinces of Cavite, Laguna, Batangas, Rizal, Bulacan, and Pampanga—posted its fastest annual growth in housing prices at 13.2 percent. This was the highest since the first quarter of 2020, or the onset of the Covid-19 pandemic.
This was followed by Metro Cebu at 11.5 percent, other areas in the Philippines at 8.8 percent, and Metro Mindanao at 7.7 percent.
Contributing to this record-high inflation in property prices in GMA was the over five-year high price hike in houses in the second quarter at 15.3 percent. As also observed in other areas, condominium unit prices offset this hike with a contraction of 2.7 percent—the deepest since the fourth quarter of 2020, when they shrank by 3.6 percent.
Across the Philippines, residential property prices rose 7.5 percent, marking their slowest increase since the first quarter of 2024, at 7.4 percent. This comes as condominium unit prices dropped slightly by 0.2 percent. A deeper price contraction was recorded in the fourth quarter of 2023 at 1.5 percent.
However, this was offset by the two-year high inflation in housing prices at 13.1 percent, with the faster rate recorded in the second quarter of 2023 at 13.6 percent.
Areas outside the NCR led the increase in the nationwide index during the quarter, with housing prices sustaining their upward trend as annual growth accelerated from three percent in the first quarter to 11.5 percent. This was higher than the 7.2 percent in the same quarter in 2024, and also the fastest in two years since the 12.2 percent annual increase in the second quarter of 2023.
The RPPI tracks the average movement of housing prices over time, based on banks’ data from actual housing loans. As of June, residential real estate loans (RRELs) rose by 11.5 percent to ₱1.16 trillion from ₱1.04 trillion a year ago.
During the quarter, 74.6 percent of RRELs were used to purchase new housing units, while 25 percent were allocated to pre-owned properties and 0.4 percent to foreclosed properties. By housing type, most loans were for houses at 60.4 percent, followed by condominium units at 39.6 percent.

Related Tags

Bangko Sentral ng Pilipinas (BSP) housing program
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.