MANILA — Housing prices in the Philippines continued to climb in the first quarter of 2025, though at a slower pace compared to the previous quarter, the Bangko Sentral ng Pilipinas (BSP) reported.

The nationwide Residential Property Price Index (RPPI) rose by 7.6 percent year-on-year (y-o-y) in Q1 2025, easing from the 9.8 percent increase recorded in Q4 2024.

The BSP said the uptick was mainly driven by higher prices in the National Capital Region (NCR), where residential property prices surged by 13.9 percent y-o-y. In comparison, Areas Outside the NCR posted a more modest 3.0 percent increase.

By property type, condominium units and houses contributed to the overall rise. The price index for condominiums grew by 10.6 percent, while house prices—which include single-attached or detached units, apartments, townhouses, and duplexes—rose by 4.5 percent.

The RPPI reflects the average change in the prices of various residential property types over time, based on data from bank loans used to purchase homes. It serves as one of the BSP’s key indicators in assessing real estate and credit market conditions.