Price/Rent Ratio in Philippines compared to Asia
This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.
- Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
- Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
- Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Last updated June, 2024
| Taiwan, Taipei |
47 yrs
|
| China, Beijing |
38 yrs
|
| Hong Kong |
28 yrs
|
| Vietnam, Hanoi |
26 yrs
|
| South Korea, Seoul |
23 yrs
|
| Japan, Tokyo |
23 yrs
|
| Singapore |
23 yrs
|
| India, Mumbai |
20 yrs
|
| Malaysia, Kuala Lumpur |
19 yrs
|
| Philippines, Manila |
19 yrs
|
| Indonesia, Jakarta |
18 yrs
|
| Thailand, Bangkok |
16 yrs
|
| Georgia, Tbilisi |
13 yrs
|
Philippines real estate data, including prices, rents, and sizes in square meters, has been compiled and analyzed from the following sources:
- Bangko Sentral ng Pilipinas
- Lamudi