Philippine housing market grew at its slowest pace in seven quarters, with residential property prices rising 6.1% annually in Q1 (BSP).
The Philippine housing market grew at its slowest pace in seven quarters, with residential property prices rising 6.1% annually in Q1, according to Bangko Sentral ng Pilipinas (BSP). This was a turnaround from the 3.6% decline in Q4. The Residential Real Estate Price Index (RREPI) showed year-on-year growth across all housing types; however, the growth rate slowed for the fourth consecutive quarter, marking the weakest since Q2 2022.
June 30, 2024
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