Metro Cebu posted some of the fastest housing price increases in the Philippines in the second quarter of 2025, helping drive nationwide residential property prices up 7.5% year-on-year, central bank data showed.
Prices in Metro Cebu rose 11.5% from a year earlier and 12.2% from the previous quarter, marking their strongest quarterly growth since 2019, according to the Bangko Sentral ng Pilipinas’ (BSP) Residential Property Price Index (RPPI).
Balance Greater Manila Area also recorded double-digit gains at 13.2% year-on-year, while Metro Mindanao rose 7.7%.
Nationwide housing prices rose at a slightly slower annual pace compared with the 7.6% increase in the first quarter, but accelerated on a quarterly basis, climbing 4.2% from 2.6% previously.
Growth outside the National Capital Region (AONCR) outpaced that in Metro Manila.
Prices in AONCR surged 11.5% year-on-year, while those in NCR rose just 2.4%, down sharply from 13.9% in the first quarter. On a quarterly basis, AONCR prices rose 10.5%, while NCR prices fell 3.6%.
By property type, house prices, which include single-detached units, townhouses, duplexes and apartments, jumped 13.1% year-on-year, offsetting a 0.2% decline in condominium prices.
The BSP also reported a recovery in residential real estate lending, with the number of housing loans rising 14.7% year-on-year after four consecutive quarters of decline.
Loan take-up for condominiums jumped nearly 40%, while loans for houses rose 2.7%.
Median housing prices nationwide stood at 3.4 million pesos ($58,000), with NCR houses commanding the highest median at 7 million pesos.
The RPPI, based on banks’ housing loan data, is among the key indicators the BSP tracks to assess risks in the property and credit markets.
Cebu Business News
