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Apartment prices in Makati, Philippines: prime 3BR condos (PHP/ sq. m.)
August, 29, 2020
Philippines, Metro Manila
Apartment prices in Makati, Metro Manila, Philippines. We use Colliers Philippines quarterly reports, which cover condominium prices of 3-bedroom units in the Makati Central Business District (CBD). The series started in 1994. Bangko Sentral ng Pilipinas, the country's central bank, recently launched a national quarterly Residential Real Estate Price Index, starting in Q2 2015.
House prices Makati CBD, % change 1 yr
Nominal and inflation-adjusted ('real')
Philippines, Metro Manila
Sources: Colliers, Bangko Sentral ng Pilipinas
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2020 | 5.69 | -6.6 | ||
| 2019 | 6.35 | -17.63 | 4.34 | 8.27 |
| 2018 | 0.86 | 1.61 | 1.46 | 5.55 |
| 2017 | 2.64 | 2.72 | 0.62 | 1.56 |
| 2016 | 2.57 | 1.53 | 2.07 | 1.19 |
| 2015 | 5.58 | 2.27 | 2.36 | 1.68 |
| 2014 | 0.63 | 0.09 | 2.32 | 1.7 |
| 2013 | 1.17 | 5.98 | 1.59 | 0.8 |
| 2012 | 5.58 | 0.19 | -0.56 | 1.74 |
| 2011 | -1.38 | 1.61 | 0.65 | -0.62 |
| 2010 | -0.83 | 0.03 | 0.67 | -0.32 |
| 2009 | -2.26 | -1.02 | -1.95 | -1.76 |
| 2008 | -1.25 | 0.78 | -1.46 | 0.5 |
| 2007 | 3.53 | 1.43 | 2.05 | 3.47 |
| 2006 | -1.72 | 1.3 | 3.92 | 1.98 |
| 2005 | -1.18 | -0.64 | 2.25 | 0.78 |
| 2004 | -1.26 | 0.88 | 0.36 | 2.63 |
| 2003 | -1.13 | -1.17 | -0.35 | -0.35 |
| 2002 | -0.72 | -0.48 | -1.07 | -0.77 |
| 2001 | -5.65 | -4.65 | -0.85 | -0.36 |
| 2000 | -3.42 | -0.78 | -1.16 | -4.75 |
| 1999 | -5.01 | -0.83 | -7.22 | -0.68 |
| 1998 | -15.71 | -2.93 | -7.37 | -1.42 |
| 1997 | -1.95 | -1.28 | -1.27 | -1.56 |
| 1996 | -1.09 | -1.02 | 4.35 | -1 |
| 1995 | 7.66 | 7.14 | 19.36 |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.