MANILA – Residential property values in the Philippines grew at a slower pace in the fourth quarter of 2025, according to the Bangko Sentral ng Pilipinas (BSP).

In its latest report, the BSP said the Residential Real Estate Price Index (RREPI) increased by 1.6 percent during the period, easing from the 1.9 percent expansion recorded in the third quarter. It added that the latest figure marks the weakest growth since the first quarter of 2019.

Property prices in the National Capital Region showed the strongest uptick, rising by 2.3 percent. Meanwhile, areas outside NCR registered a 1 percent increase, the lowest growth recorded so far.

The BSP also noted varying trends across housing types.

Prices of houses — including single-detached or attached units, apartments, townhouses, and duplexes — inched up by 0.1 percent, the slowest increase since early 2019.

In contrast, condominium prices accelerated, posting a 3.5 percent growth from 1.4 percent in the previous quarter.

The RREPI tracks the average change in prices of different residential property types over time, using data from banks’ actual housing loan transactions.

It is one of the indicators monitored by the BSP in evaluating conditions in the real estate and credit markets.