Select a country

Apartment prices in Makati, Philippines: prime 3BR condos (PHP/ sq. m.)

August, 29, 2020

Philippines

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

Sources: Colliers, Bangko Sentral ng Pilipinas


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20205.69-6.6
20196.35-17.634.348.27
20180.861.611.465.55
20172.642.720.621.56
20162.571.532.071.19
20155.582.272.361.68
20140.630.092.321.7
20131.175.981.590.8
20125.580.19-0.561.74
2011-1.381.610.65-0.62
2010-0.830.030.67-0.32
2009-2.26-1.02-1.95-1.76
2008-1.250.78-1.460.5
20073.531.432.053.47
2006-1.721.33.921.98
2005-1.18-0.642.250.78
2004-1.260.880.362.63
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
1996-1.09-1.024.35-1
19957.667.1419.36

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.