Which Types of Houses Are Still Enjoying Strong Price Growth?
Average housing prices fell in the second quarter from a year ago but some types of residential units continue to rise.


For the first time since the Bangko Sentral ng Pilipinas (BSP) started reporting its Residential Real Estate Price Index (RREPI) in 2014, the widely watched indicator fell 4.6 percent from year-ago levels in the second quarter.

The RREPI, which is considered the most authoritative indicator of average housing prices in the Philippines, has been growing steadily from year-ago levels since at least the second quarter of 2016. From the second quarter of 2016 to the first quarter of 2017, the index went up by an average of 3.8 percent on an annual basis. Compared to the previous quarter, the RREPI also fell by 0.1 percent in the second quarter.

It remains to be seen if the year-on-year decline in RREPI signals a prolonged softening of housing prices in the Philippines. Property brokers and consultants still believe that the country’s positive economic outlook and the growth in demand for properties will continue to push residential property prices upwards in the next few years.

However, certain types of housing units continue to enjoy strong price growth.

Duplex houses in NCR still posted an 11.9-percent increase in the second quarter from a year ago. The same type of houses in other regions rose by 7.2 percent from the previous year.

Even residential condominiums, perhaps the most popular of the various types of housing units, continued to go up by 5.2 percent from a year ago in NCR and a stronger 7.1 percent outside Metro Manila.

Single detached houses eased the most, with units in Metro Manila going down by 6.1 percent from a year ago while units outside the region dropped 10.3 percent. Townhouses in Metro Manila also fell a slight 0.9 percent from a year ago but the same housing type went up by 5.5 percent outside the NCR.

The BSP has published the RREPI since the second quarter of 2015. It gathers data from housing loan reports submitted by its member banks. In a media release published September 29, 2017, it added that over 75 percent of real estate loans in Q2 2017 were for purchasing new houses.

Lorenzo Kyle Subido is a staff writer of Entrepreneur PH

This story originally appeared on

* Minor edits have been made by the editors.

View More Articles About:
About The Author
Lorenzo Kyle Subido for
View Other Articles From Lorenzo Kyle
Latest Stories
Aside from the fact that Notting Hill is a real place.
If you are Truly Truly Rich, would it bother you if someone thought you were not?
Because it's just not a British wedding without something literally over-the-top.
This list might make you contemplate a move to Europe.
He started out by watching YouTube videos before having formal lessons in school.
The Podium takes a select few out to dinner at Nikkei, Wolfgang's Steakhouse, Paradise Dynasty, Nono's and Las Flores. Here's everything our VIP diners enjoyed.
The brand's most popular product, the Le Pliage, has been made in over 150 variations.
For all the destruction that art was able to endure over centuries, some pieces faced their greatest danger in efforts meant to preserve them.
She joined the Church of England in advance of her wedding to Prince Harry.
The young royal is much more than just a statement hat aficionado.
Load More Articles