th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

If Your House Were an Investment, Here's How it's Doing

Home prices can go up or down depending on location and the type of unit
By Entrepreneur Staff |


If you bought a home in the first quarter of 2014, its latest market price may have climbed or dropped depending on whether it's in Metro Manila or outside, and on the type of residential building.


According to the latest Bangko Sentral ng Pilipinas (BSP) report, the price of a residential unit in the Philippines rose by an average of 13.4 percent between early 2014 and the third quarter of 2016.


However, the average figure hides wide disparities in the price trends of various types of residences and location.


For example, condominium units went up by 22.7 percent from the first quarter of 2014 to the third quarter of 2016 in Metro Manila, making them the best performing housing investment. But flats rose just 10.3 percent outside the metropolis.


Single detached or attached houses fell 1.4 percent in the National Capital Region but went up by a tenth in other areas. Duplexes fell by almost a tenth in Metro Manila but rose by 22.1 percent outside. Meanwhile, townhouses rose by 15.8 percent outside Metro Manila and by just 4.9 percent in the metropolis.


The BSP compiles the housing price data from reports submitted by over a hundred banks that it supervises. As of the third quarter of 2016, about seven of 10 real estate loans granted by banks were used to buy new housing units. Of these, 48 percent went to single detached houses while 44 percent went to condominium units and 8 percent went to townhouses.





Latest Articles

What are the Fastest-Growing Segments of PH Specialty Fashion?

Key insights on retailing trends from publicly listed SSI Group Inc.’s latest annual report

byElyssa Christine Lopez | April 25, 2017 10:00:00

How the World's Smartest People Learn Things Faster

Mastery of a topic is the ability to explain it simply to someone who knows nothing about it

byDaniel Marlin | April 25, 2017 08:00:00

You're Not Crazy: Trading Your Six-Figure Job for Entrepreneurial Freedom Is the Right Move

You're the only one who should determine how much your time is worth

byJacob Warwick | April 25, 2017 06:00:00

7 Reasons Every Entrepreneur Should Start the Day With Exercise

Physical activity stimulates the release of hormones to boost your mood and more

byMoe Kittaneh | April 25, 2017 02:00:00

27 Quotes to Change How You Think About Problems

Great minds give you the benefit of their experience

byDaniel Marlin | April 25, 2017 00:00:00