The Central Bank of the Philippines published first-quarter 2025 results for the nationwide Residential Property Price Index (RPPI), showing that residential property prices continued to rise but at a slower pace. The RPPI eased to 7.6% year on year in Q1 2025 from 9.8% in Q4 2024, with higher prices in the National Capital Region (NCR) identified as the main driver. By location, the NCR recorded a 13.9% year-on-year increase in its index, compared with a 3.0% rise in areas outside the NCR. By property type, condominium unit prices increased 10.6% year on year while house prices rose 4.5%, with houses defined to include single-attached or detached homes, apartments, townhouses, and duplexes. The RPPI is compiled from banks’ data on actual loans granted to acquire residential properties and is used by the central bank as an indicator for monitoring real estate and credit market conditions.
Central Bank of the Philippines 2025-06-27
Central Bank of the Philippines reports Residential Property Price Index growth slows to 7.6% in Q1 2025 as NCR leads gains
The Central Bank of the Philippines reported a slowdown in residential property price growth, with the Residential Property Price Index (RPPI) rising 7.6% year-on-year in Q1 2025, down from 9.8% in Q4 2024. The National Capital Region (NCR) drove the increase, recording a 13.9% rise, while areas outside the NCR saw a 3.0% increase. Condominium prices rose 10.6% year-on-year, and house prices increased 4.5%.