6.5% year-on-year growth in Q4 2023 Philippines' RREPI, slower than previous quarters, linked to rising borrowing costs and interest rates.
6.5% year-on-year growth in the Philippines' Residential Real Estate Price Index (RREPI) in Q4 2023, slower than previous quarters, reports Bangko Sentral ng Pilipinas (BSP). The slowdown may be linked to rising borrowing costs and a higher interest rate environment, as the BSP increased interest rates by 450 basis points since May 2022. National Capital Region residential property prices rose by 4.3%.
March 27, 2024
3 Articles