A new pulse in Philippine real estate

I find the latest Residential Property Price Index (RPPI) Report from the Bangko Sentral ng Pilipinas (BSP) a positive development that should prompt a broader rethinking of how and where real estate growth is taking shape across the country, especially as it affirms the rising dynamism of regional markets beyond Metro Manila.

- Ar. Romolo V. Nati

Miramonti Green Residences located in Batangas Sto. Tomas.

The report shows that the nationwide RPPI rose 7.5% year-over-year in the second quarter, a slight dip from 7.6% in the first quarter, but with quarterly growth accelerating to 4.2%, up from 2.6% previously. Beyond economic indicators, these numbers signal a shifting momentum, especially outside the traditional centers of gravity.

For years, the narrative of Philippine real estate has been anchored in Metro Manila. The capital has long been the default canvas for developers, investors, and urban planners. But the BSP data tells a different story: areas outside the National Capital Region (NCR) led the growth, with prices increasing by 11.5% year-over-year and 10.5% quarter-over-quarter.