House prices in the Philippines increased by almost 10% in 2025, according to a report by the Bangko Sentral ng Pilipinas (BSP). From January to March, housing prices increased by 7.6% compared to the previous year. Although it slowed down from 9.8% in late 2024, the increase in prices is still continuing. National Capital Region (NCR) led the increase, where prices rose by 13.9%, while other regions saw only a 3.0% increase.
Among the different types of housing, both apartments and single-family homes saw increases in prices. Apartment prices rose by 10.6% compared to 4.5% increase for single-family homes. The housing types examined included townhouses, duplexes, apartments and single-family homes.
Loans for apartment purchases also continued to increase, but the pace of growth has slowed. Loans increased by 2.6% compared to the previous year, down from 10.7% in the last quarter of 2024. The largest increase in loans was in NCR with 3.6% and modest growth in other regions of just 0.8%.
In Cebu and some provinces, loan applications are still active, but the number has decreased around Manila and some parts of Mindanao.
According to the BSP, price changes and loan trends will be important factors in determining the real estate market situation. Banks are advised to monitor credit risks especially given the different trends in each region.
