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Apartment price index in Manila, Philippines: prime 3BR condos (PHP/ sq. m.) (2018=100)

Philippines, Manila

Source: Colliers International: Philippines

House prices Makati CBD, % change 1 yr

Nominal and inflation-adjusted ('real')

Philippines, Manila

Sources: Colliers, Bangko Sentral ng Pilipinas


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
2023-0.06%0.5%
2022-0.45%-1.29%-1.5%-0.62%
2021-3.43%-3.27%-1.92%-1.03%
20205.93%-6.59%-6.99%-8.63%
20195.77%-17.54%4.44%8.17%
20180.92%1.89%1.05%5.75%
20172.45%2.81%0.35%1.55%
20162.57%1.62%1.98%1.18%
20155.58%2.36%2.36%1.77%
20140.73%0.09%2.41%1.8%
20131.37%6.08%1.68%0.8%
20125.55%0.19%-0.56%1.74%
2011-1.16%1.6%0.8%-0.63%
2010-0.92%0.19%0.75%-0.5%
2009-2.11%-1.03%-1.88%-1.78%
2008-0.89%0.85%-1.21%0.6%
20073.83%1.33%1.95%3.57%
2006-1.82%1.3%3.92%1.88%
2005-1.18%-0.75%2.25%0.67%
2004-1.15%0.88%0.69%2.29%
2003-1.36%-1.06%-0.23%-0.58%
2002-0.61%-0.36%-0.84%-1.01%
2001-5.66%-4.66%-0.98%-0.61%
2000-3.58%-0.92%-1.17%-4.77%
1999-4.76%-0.7%-7.23%-0.55%
1998-15.99%-3.08%-6.97%-1.57%
1997-2.13%-1.29%-1.12%-1.73%
1996-1.13%-1.19%4.34%-1%
19957.45%7.31%19.57%

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.