Nov 12, 2024
The Residential Real Estate Price Index (RREPI) reported a 2.7% year-on-year increase in Q2 2024, although this is a slowdown compared to previous quarters. Prices in Metro Manila decreased by 1%, while provincial areas saw a 4.2% increase. Rents and prices for condominiums in Metro Manila surged by 19%, driven by a strong demand for urban living and an increasing preference for horizontal developments outside the metro.