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Apartment prices in Makati, Philippines: prime 3BR condos (PHP/ sq. m.) (1995=100)
May, 30, 2023
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 1995. 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
| Q1 | Q2 | Q3 | Q4 | |
| 2023 | -0.06 | |||
| 2022 | -0.45 | -1.29 | -1.5 | -0.62 |
| 2021 | -3.43 | -3.27 | -1.92 | -1.03 |
| 2020 | 5.93 | -6.59 | -6.99 | -8.63 |
| 2019 | 5.77 | -17.54 | 4.44 | 8.17 |
| 2018 | 0.92 | 1.89 | 1.05 | 5.75 |
| 2017 | 2.45 | 2.81 | 0.35 | 1.55 |
| 2016 | 2.57 | 1.62 | 1.98 | 1.18 |
| 2015 | 5.58 | 2.36 | 2.36 | 1.77 |
| 2014 | 0.73 | 0.09 | 2.41 | 1.8 |
| 2013 | 1.37 | 6.08 | 1.68 | 0.8 |
| 2012 | 5.55 | 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 |
| 2007 | 3.83 | 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 |
| 1995 | 7.45 | 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.