{"id":16466,"date":"2025-09-28T12:45:41","date_gmt":"2025-09-28T10:45:41","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=16466"},"modified":"2025-09-28T12:45:41","modified_gmt":"2025-09-28T10:45:41","slug":"surge-in-philippine-housing-market-q2-insights-from-bsp","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/09\/28\/surge-in-philippine-housing-market-q2-insights-from-bsp\/","title":{"rendered":"&#8220;Surge in Philippine Housing Market: Q2 Insights from BSP&#8221;"},"content":{"rendered":"<p> &#8220;`html<\/p>\n<p>By <strong>Katherine K. Chan<\/strong>, <em>Journalist<\/em><\/p>\n<p>Housing costs in the Philippines saw an uptick in the second quarter as buyers exhibited less negativity regarding acquiring residential properties, according to the Bangko Sentral ng Pilipinas (BSP).<\/p>\n<p>The BSP\u2019s Residential Property Price Index (RPPI) indicated that housing prices nationwide increased by 7.5% during the April-June timeframe.<\/p>\n<p>Nonetheless, this was a deceleration from the 7.6% yearly rise observed in the first quarter and the 7.9% recorded a year earlier. On a quarterly basis, the RPPI advanced by 4.2%, exceeding the 2.6% hike in home values noted in the first quarter.<\/p>\n<p>The RPPI assesses the typical price fluctuations over time of different residential properties utilizing data from banks on actual housing loans. The central bank expressed that this information offers insight into the real estate and credit market situations in the Philippines.<\/p>\n<p>Conversely, residential property prices in the National Capital Region (NCR) increased by 2.4% in the second quarter, moderating from the 13.9% in the preceding quarter and 9.3% last year.<\/p>\n<p>Quarterly, NCR housing values diminished by 3.6%.<\/p>\n<p>In areas outside of NCR (AONCR), housing prices escalated by 11.5% from April to June, quicker than the 3% in the first quarter and 7.2% a year ago.<\/p>\n<p>The Balance Greater Manila Area (GMA) recorded the highest annual increase in housing prices at 13.2%, followed by Metro Cebu (11.5%), other regions in the Philippines (8.8%), and Metro Mindanao (7.7%).<\/p>\n<p>CONDO PRICES DECLINE<br \/>\nBy property type, condominium prices fell by 0.2% in the second quarter, reversing the 11.5% gain seen in the same period last year and the 10.6% increase from last quarter.<\/p>\n<p>The prices for houses, which encompass single-attached or detached units, apartments, townhouses, and duplexes, increased by 13.1% year on year. This was quicker than the 5.4% in 2024 and 4.5% in the first quarter.<\/p>\n<p>Information from the central bank revealed that the median price for all housing types in the Philippines was P3.4 million in the second quarter. Condominium units had a median price of P3.8 million, while houses were around P3.1 million.<\/p>\n<p>Houses in the NCR were the priciest at a median value of P7.01 million, whereas homes in other regions in the Philippines were the least expensive at approximately P2.7 million.<\/p>\n<p>In the second quarter, residential real estate loans (RREL) issued for all types of housing units nationwide rose by 14.7% year on year.<\/p>\n<p>\u201cThis increase corresponds with the findings of the Q2 2025 Consumer Expectations Survey, which indicated a more optimistic perspective among consumers regarding the acquisition of a house and lot,\u201d the central bank mentioned.<\/p>\n<p>\u201cDemonstrating this change in mood, a larger portion of households deemed Q2 2025 as an opportune moment to buy residential property,\u201d it continued.<\/p>\n<p>By region, loan availments climbed by 10.3% year on year in the NCR and by 16.6% in the AONCR. The highest growth was in the Balance GMA at 22.5%, followed by Metro Cebu at 18.7%, Metro Mindanao 12.9%, and other regions in the Philippines at 4.3%<\/p>\n<p>The BSP indicated that 74.6% of RRELs utilized in the April-June timeframe were for new housing units, while 25% were for pre-owned properties and 0.4% for foreclosed homes.<\/p>\n<p>Over half or 60.4% of the loans were allocated for houses, while 39.6% were designated for condominium units.<\/p>\n<p>Banks sanctioned the most housing loans in Calabarzon (33.2% share) and NCR (28.5%), followed by Central Luzon (11.9%), Central Visayas (8.8%), Western Visayas (6.6%), Davao Region (4.2%), and Northern Mindanao (2.3%).<\/p>\n<p>The BSP initially introduced the RPPI in the first quarter of 2025, which superseded its predecessor Residential Real Estate Price Index.<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bworldonline.com\/top-stories\/2025\/09\/26\/701197\/philippine-housing-prices-rise-in-q2-bsp-data\/\">Source link <\/a><br \/>\n&#8220;`<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;`html By Katherine K. Chan, Journalist Housing costs in the Philippines saw an uptick in the second quarter as buyers exhibited less negativity regarding acquiring residential properties, according to the Bangko Sentral ng Pilipinas (BSP). The BSP\u2019s Residential Property Price Index (RPPI) indicated that housing prices nationwide increased by 7.5% during the April-June timeframe. Nonetheless,<\/p>\n","protected":false},"author":3,"featured_media":16467,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[3747],"class_list":["post-16466","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-return-a-list-of-comma-separated-tags-from-this-title-philippine-housing-prices-rise-in-q2-bsp-data"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&quot;Surge in Philippine Housing Market: Q2 Insights from BSP&quot; - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/09\/28\/surge-in-philippine-housing-market-q2-insights-from-bsp\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&quot;Surge in Philippine Housing Market: Q2 Insights from BSP&quot; - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"&#8220;`html By Katherine K. Chan, Journalist Housing costs in the Philippines saw an uptick in the second quarter as buyers exhibited less negativity regarding acquiring residential properties, according to the Bangko Sentral ng Pilipinas (BSP). The BSP\u2019s Residential Property Price Index (RPPI) indicated that housing prices nationwide increased by 7.5% during the April-June timeframe. 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Chan, Journalist Housing costs in the Philippines saw an uptick in the second quarter as buyers exhibited less negativity regarding acquiring residential properties, according to the Bangko Sentral ng Pilipinas (BSP). The BSP\u2019s Residential Property Price Index (RPPI) indicated that housing prices nationwide increased by 7.5% during the April-June timeframe. 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