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Residential Real Estate Price Index, Philippines: (2014=100)

Philippines, Manila

Source: Bangko Sentral ng Pilipinas

House prices in Philippines, % change 1 yr

Nominal and inflation-adjusted ('real')

Philippines, Manila

Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20230.02%5.26%1.05%
2022-2.61%-0.48%2.88%-0.01%
2021-2.54%4.67%-0.2%-0.02%
20203.43%10.19%-14.55%0.24%
20191.28%-1.93%8.58%0.05%
2018-3.07%-0.26%-2.96%1.87%
20171.81%-2.15%-1.16%4.15%
20163.62%-2.2%0.31%

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.