MANILA – Residential property prices in the Philippines rose by 7.5 percent year-on-year in the second quarter of 2025, slightly lower than the 7.6 percent growth recorded in the first quarter, the Bangko Sentral ng Pilipinas (BSP) reported.

Despite the marginal slowdown in annual growth, quarter-on-quarter prices accelerated to 4.2 percent from 2.6 percent in the previous quarter.

By location, Areas Outside the National Capital Region (AONCR) led the increase with an 11.5-percent annual growth, faster than the 3.0 percent recorded in Q1 2025. In contrast, the National Capital Region (NCR) saw a sharp slowdown, with residential property prices rising by only 2.4 percent compared to 13.9 percent in the first quarter. On a quarterly basis, AONCR prices jumped 10.5 percent while NCR prices fell by 3.6 percent.

All AONCR areas posted year-on-year gains, led by Balance Greater Manila Area at 13.2 percent, its strongest growth since Q1 2020. Metro Cebu followed at 11.5 percent, while Other Areas in the Philippines and Metro Mindanao rose by 8.8 percent and 7.7 percent, respectively.

By housing type, houses drove the nationwide uptrend with prices climbing 13.1 percent year-on-year and 10.3 percent quarter-on-quarter. Condominium unit prices, however, dipped by 0.2 percent year-on-year and 2.8 percent from the previous quarter.

Nationwide availments of residential real estate loans (RRELs) also rebounded, rising 14.7 percent year-on-year after four consecutive quarters of decline. Growth was led by AONCR at 16.6 percent, followed by NCR at 10.3 percent. On a quarterly basis, loan availments went up 5.4 percent.

For condominium units, the number of loans surged 39.8 percent year-on-year, supported by higher availments in both NCR and AONCR. Meanwhile, loans for houses rose by 2.7 percent year-on-year, driven by an 8.9-percent increase in AONCR that offset a 45.6-percent decline in NCR.

In terms of prices, the median cost of all housing types nationwide stood at P3.4 million. Condominium units had the highest median price at P3.8 million, while houses were valued at P3.1 million. NCR houses registered the highest median price at P7 million, while houses in Other Areas in the Philippines were the lowest at P2.7 million.