The price of residential real estate in the Philippines has been on the rise since 2016. In 2024, the price index reached ***** points, indicating a significant increase from ***** index points in 2016. The Residential Real Estate Price Index (RREPI) is used to measure the rate at which the price of residential properties changes over time. It is also an indicator to assess the country's real estate and credit market situation. Prices of housing units  The price of housing units in the Philippines is not measured in absolute values but using the Residential Real Estate Price Index (RREPI) with a base value of 100 as of the first quarter of 2014. Among the different types of housing units, duplex houses registered the highest RREPI, followed by condo units. Meanwhile, the prices of single-detached and attached houses experienced its highest rate of growth in 2024. The condominium market  Condominium units are common in metropolitan cities in the Philippines, such as Metro Manila, Cebu, and Davao. The demand for such properties is fueled by urbanization, leading to an expansion of commercial and industrial hubs. Foreign investments and sustained remittances from migrant workers also contribute to the appetite for condominium properties. In Metro Manila alone, there were roughly ******* completed condominium units in 2023, and **** of the occupied units belong to the lower mid-income segment. Meanwhile, the residential hubs of Cebu and Davao had the highest condo stock among other provinces in the country in 2022.

The ASEAN Office Real Estate Market Report is Segmented by by Building Grade (Grade A, Grade B, and Grade C), by Transaction Type (Rental and Sales), by End Use (Information Technology (IT & ITES), BFSI (Banking, Financial Services and Insurance), and More) and by Country (Indonesia, Vietnam and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Philippines real estate market valued at USD 90.5 Bn, driven by urbanization and infrastructure. Expected growth with FDI and sustainable developments.

Key information about House Prices Growth

• Philippines house prices dropped 2.3% YoY in Sep 2024, following an increase of 2.7% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2015 to Sep 2024, with an average growth rate of 4.5%.
• House price data reached an all-time high of 26.6% in Jun 2020 and a record low of -9.4% in Jun 2021.

Philippines real estate and affordable housing market valued at USD 8 Bn, driven by urbanization, population growth, and government initiatives for low-income housing.

Residential Property Prices in Philippines increased 7.56 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Philippines Residential Property Prices.

The residential real estate price index in the Philippines experienced a *** percent growth in comparison to the previous year. Housing prices in the country have been increasing year-on-year since 2017, except for 2021. The Residential Real Estate Price Index (RREPI) is used to measure the rate at which the price of residential properties changes over time. It is also an indicator to assess the country's real estate and credit market situation.

Philippines online classifieds for real estate market valued at USD 90 Bn, anticipated to reach USD 131 Bn by 2033, driven by internet penetration, urbanization, and PropTech adoption.

In 2024, the total value of approved foreign investments in the real estate activities industry in the Philippines amounted to around ***** billion Philippine pesos, over twice as much as the previous year. Approved foreign investments in this industry peaked in 2022.

Philippines Real Estate and PropTech Platforms Market valued at USD 7.5 billion, driven by urbanization, middle-class growth, and digital platforms for property transactions.

The real estate activities industry in the Philippines generated total revenues amounting to approximately *** billion Philippine pesos in 2022. Between industry subgroups, real estate activities with owned or leased property contributed the higher revenues.

Philippines Property: Residential: Demand data was reported at 8,400.000 Unit in Dec 2024. This records an increase from the previous number of 480.000 Unit for Sep 2024. Philippines Property: Residential: Demand data is updated quarterly, averaging 1,200.000 Unit from Dec 2021 (Median) to Dec 2024, with 13 observations. The data reached an all-time high of 8,400.000 Unit in Dec 2024 and a record low of 480.000 Unit in Sep 2024. Philippines Property: Residential: Demand data remains active status in CEIC and is reported by Colliers. The data is categorized under Global Database’s Philippines – Table PH.EB004: Property Market.

In Philippines Prefabricated Housing Market is projected to grow from USD 21.5 billion in 2025 to USD 38.6 billion by 2031, at a CAGR of 10.1%

The gross value added generated from the real estate sector in the Philippines amounted to approximately 612 billion Philippine pesos in 2024. The GVA of the real estate industry fluctuated since 2018 and registered its highest value in 2019.

The Philippines' Facility Management (FM) market is experiencing robust growth, projected to reach $3.88 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 6.31% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing adoption of smart building technologies and the growing demand for integrated FM solutions are significantly contributing to market growth. Furthermore, a burgeoning real estate sector, particularly in major cities like Manila, Cebu, and Davao, necessitates comprehensive FM services for commercial, residential, and industrial properties. The rising awareness of cost optimization and operational efficiency among businesses is further bolstering demand for professional FM services. Major players like Santos Knight Frank, Jones Lang LaSalle, CBRE Group, and Cushman & Wakefield are actively shaping the market landscape, offering a diverse range of services including integrated workplace management, property maintenance, security, and sustainability solutions. However, challenges such as a shortage of skilled professionals and the fluctuating cost of labor may partially restrain market growth. Despite these challenges, the long-term outlook remains positive, driven by continuous investments in infrastructure development and the increasing emphasis on creating sustainable and productive work environments. The segmentation of the FM market in the Philippines is diverse, encompassing various service types (e.g., hard FM, soft FM, integrated FM), building types (commercial, residential, industrial), and client sectors (government, corporate, healthcare). The competitive landscape is characterized by a mix of international and local FM providers, leading to a dynamic market with ongoing consolidation and innovation. The projected CAGR suggests a substantial market expansion over the forecast period, presenting significant opportunities for both established players and new entrants. This growth will likely be spurred by increasing government investment in infrastructure projects, a growing middle class with higher disposable incomes, and a surge in foreign direct investment, all of which contribute to the expansion of the real estate and construction sectors. The market is likely to see further specialization and the adoption of advanced technologies, such as Artificial Intelligence (AI) and Internet of Things (IoT), to optimize operations and improve service delivery. Key drivers for this market are: Growing Demand for Office Space from the BPO Sector, Increasing Investment in Public and Private Infrastructure Development. Potential restraints include: Lower Awareness of Facility Management Services. Notable trends are: In-house Facility Management Segment is Expected to Hold Significant Market Share.

The report covers the Philippines real estate market overall competitive landscape, government role and regulations, trends and developments, market segmentation.

Philippines Gross Value Added: 1985p: Real Estate data was reported at 5,630.000 PHP mn in Dec 2010. This records an increase from the previous number of 5,333.000 PHP mn for Sep 2010. Philippines Gross Value Added: 1985p: Real Estate data is updated quarterly, averaging 2,231.500 PHP mn from Mar 1981 (Median) to Dec 2010, with 120 observations. The data reached an all-time high of 5,630.000 PHP mn in Dec 2010 and a record low of 1,321.000 PHP mn in Jun 1985. Philippines Gross Value Added: 1985p: Real Estate data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A056: SNA 1968/1993: Gross Value Added: by Industry: 1985 Price.

Graph and download economic data for Residential Property Prices for Makati, Philippines (QPHN628BIS) from Q1 2008 to Q1 2025 about Makati, Philippines, residential, HPI, housing, price index, indexes, and price.

The size of the ASEAN Office Real Estate Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 9.00">> 9.00% during the forecast period. The ASEAN office real estate market encompasses the development, leasing, and investment in office spaces across the Association of Southeast Asian Nations (ASEAN) member countries, which include Indonesia, Malaysia, Singapore, Thailand, the Philippines, Vietnam, and others. This market has witnessed significant growth driven by rapid urbanization, economic development, and increasing foreign direct investment in the region. As companies expand their operations and establish a presence in ASEAN, the demand for high-quality office spaces has surged, particularly in key cities such as Singapore, Bangkok, and Jakarta. The market is characterized by a diverse range of office types, including traditional office buildings, co-working spaces, and flexible office solutions. The rise of remote work and changing employee preferences have accelerated the popularity of co-working spaces, which offer businesses the flexibility to adapt to fluctuating workforce needs while promoting collaboration and innovation. Additionally, sustainability has become a critical focus, with developers and tenants increasingly seeking green buildings that comply with environmental standards, contributing to energy efficiency and reduced operational costs. Recent developments include: September 2022 - Ciputra International (a real estate company), inaugurated the Propan Tower. This project has 17 floors and is spread across 7.4 hectares, consisting of 10 buildings, 6 offices, 3 apartments, and 1 hotel. The project was developed to meet the increasing demand for office space in Jakarta., February 2022 - Hulic (a real estate company) signed a Purchase Agreement with Japan Excellent (a real estate investment trust that mainly invests in office buildings in Tokyo) to buy Trust Beneficiary Rights in Shintomicho Building for JPY 3.1 billion (USD 25.4 million). The Trust Beneficiary Rights in the Shintomicho Building will be transferred in two parts, with the first phase being the transfer of 40% ownership for JPY 1,24 billion (USD 10.1 million) and the second phase involving the transfer of the remaining 60% ownership for JPY 1.86 billion (USD 15.3 million).. Key drivers for this market are: Increasing geriatric population, Growing cases of chronic disease among senior citizens. Potential restraints include: High cost of elderly care services, Lack of skilled staff. Notable trends are: Demand for Co-Working Spaces Driving the Market.

House price index in the Philippines, March, 2025 The most recent value is 292.78 index points as of Q1 2025, an increase compared to the previous value of 285.32 index points. Historically, the average for the Philippines from Q1 2008 to Q1 2025 is 171.74 index points. The minimum of 95.8 index points was recorded in Q1 2008, while the maximum of 292.78 index points was reached in Q1 2025. | TheGlobalEconomy.com