Residential property prices rose by 1.9 percent year on year in the third quarter of 2025, marking a sharp slowdown from the 7.5 percent growth recorded in the previous quarter, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).

In a release dated Friday, 26 December, the BSP said the Residential Property Price Index (RRPI) — which tracks average price movements of various housing types based on banks’ actual housing loan data — posted a 1.9 percent annual increase nationwide.

Property prices in the National Capital Region (NCR) led the overall rise, growing by 2.3 percent year on year, while prices in areas outside Metro Manila increased by 1.6 percent during the period.

The central bank noted that prices of single-attached or detached houses, apartments, townhouses, and duplexes eased significantly, with growth slowing to 1.9 percent, down 11.2 percentage points from the same period last year. In contrast, condominium prices showed signs of recovery, rebounding to 1.4 percent growth from a 0.2 percent contraction in the second quarter of 2025.

6.4-M shelter backlog

According to the Department of Human Settlements and Urban Development, the Philippines continues to face a housing backlog of around 6.4-million units, a figure that could balloon to 22 million units without sustained public and private sector intervention.