Housing prices post weakest growth in Q3Data from the BSP’s Residential Property Price Index (RPPI) showed nationwide housing prices rose by just 1.9 percent year-on-year in the third quarter, a steep slowdown from the 7.5 percent increase recorded in the previous quarter. MANILA, Philippines — Residential property prices in the Philippines posted their slowest annual growth on record as broad-based price gains cooled sharply in the third quarter, according to the Bangko Sentral ng Pilipinas. By location, the National Capital Region continued to support overall price growth, with residential prices in the NCR rising by 2.3 percent year-on-year in the third quarter. In AONCR, residential property prices in more urbanized areas still posted annual increases, but growth rates eased across all regions. Despite softer price growth, housing loan activity strengthened during the quarter.
