Philippine home prices post seven-year low

Philippine home prices grew at their slowest rate in seven years during the second quarter, according to data reported by Bloomberg Markets. The Bangko Sentral ng Pilipinas indicated that its residential index climbed 0.4% compared with the same period last year, covering the period ending June 30. This represented a sharp drop from the 4.5% gain recorded in the first quarter of 2026.

The deceleration coincided with a broader economic slowdown and reduced interest from speculative investors. The 0.4% rate was the weakest performance for housing values in the country since early 2019. That prior period predates the pandemic, when the central bank implemented a revised calculation method for its index.

Bloomberg Markets observed that the figures suggest a cooling residential market. The central bank’s index remains the standard metric for tracking housing value shifts in the region. The released data did not include new construction statistics or loan volume details. It focused solely on the valuation of existing and new homes under the bank’s current framework.

Earlier this year, the first quarter had posted a 4.5% increase, highlighting the recent contraction in growth momentum. The report did not break down regional differences or assess effects on the rental sector. The central bank plans to publish its next update in the following quarter.