Philippines House Prices Growth

2015 - 2023 | Quarterly | % | CEIC Data

Key information about House Prices Growth

  • Philippines house prices grew 12.9% YoY in Sep 2023, following an increase of 14.1% YoY in the previous quarter.
  • YoY growth data is updated quarterly, available from Mar 2015 to Sep 2023, with an average growth rate of 4.5%.
  • House price data reached an all-time high of 26.6% in Jun 2020 and a record low of -9.4% in Jun 2021.

Bangko Sentral ng Pilipinas calculates House Price Growth from Residential Real Estate Price Index with base Q1 2014=100.

View Philippines's House Prices Growth from Mar 2015 to Sep 2023 in the chart:

Philippines House Prices Growth

What was Philippines's House Prices Growth in Sep 2023?

Philippines house prices grew 12.9% YoY in Sep 2023, following an increase of 14.1% YoY in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
12.9 Sep 2023 14.1 Jun 2023 -9.4 Jun 2021 26.6 Jun 2020 % quarterly Mar 2015 - Sep 2023

House Prices Growth by Country Comparison

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Includes House Prices Growth on 68 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Australia (%) -0.9 Jun 2023 quarterly Sep 2004 - Jun 2023
Austria (%) -4.0 Sep 2023 quarterly Sep 1987 - Sep 2023
Belarus (%) -2.5 Dec 2021 quarterly Mar 2010 - Dec 2021
Belgium (%) 0.3 Sep 2023 quarterly Mar 1974 - Sep 2023
Bosnia and Herzegovina (%) 17.0 2022 yearly 2009 - 2022
Brazil (%) 5.2 Jan 2024 monthly Jan 2009 - Jan 2024
Brunei (%) 2.0 Sep 2023 quarterly Mar 2016 - Sep 2023
Bulgaria (%) 9.2 Sep 2023 quarterly Mar 2006 - Sep 2023
Canada (%) -0.9 Dec 2023 monthly Jan 1982 - Dec 2023
Chile (%) -2.2 Sep 2023 monthly Jan 2004 - Sep 2023
China (%) 6.7 Dec 2023 monthly Mar 1999 - Dec 2023
Colombia (%) 11.2 Sep 2023 quarterly Mar 1998 - Sep 2023
Croatia (%) 20.1 Dec 2022 semiannually Jun 1996 - Dec 2022
Cyprus (%) 7.6 Sep 2023 quarterly Mar 2007 - Sep 2023
Czech Republic (%) 1.0 Mar 2023 quarterly Mar 2006 - Mar 2023
Denmark (%) 12.3 Jan 2022 monthly Jan 2007 - Jan 2022
Estonia (%) -2.2 Mar 2024 quarterly Sep 2004 - Mar 2024
European Union (%) -1.0 Sep 2023 quarterly Mar 2006 - Sep 2023
Finland (%) 2.0 Dec 2017 quarterly Mar 2011 - Dec 2017
France (%) -1.5 Sep 2023 quarterly Mar 2001 - Sep 2023
Georgia (%) 7.8 Jun 2021 monthly May 2016 - Jun 2021
Germany (%) -10.2 Sep 2023 quarterly Mar 2001 - Sep 2023
Greece (%) 12.1 Sep 2023 quarterly Mar 2000 - Sep 2023
Hong Kong SAR, China (%) -6.8 Dec 2023 monthly Jan 1994 - Dec 2023
Hungary (%) 1.5 Sep 2023 quarterly Mar 2008 - Sep 2023
Iceland (%) 4.7 Jan 2024 monthly Mar 2001 - Jan 2024
India (%) 2.7 Jun 2023 quarterly Mar 2011 - Jun 2023
Indonesia (%) 2.0 Sep 2023 quarterly Mar 2003 - Sep 2023
Ireland (%) 2.9 Nov 2023 monthly Jan 2006 - Nov 2023
Israel (%) -1.8 Oct 2023 monthly Jan 1995 - Oct 2023
Italy (%) 1.8 Sep 2023 quarterly Mar 2011 - Sep 2023
Japan (%) 2.6 Oct 2023 monthly Apr 2009 - Oct 2023
Kazakhstan (%) 2.5 Dec 2023 monthly Nov 2013 - Dec 2023
South Korea (%) -3.5 Jan 2024 monthly Jan 1987 - Jan 2024
Latvia (%) 17.3 Mar 2022 quarterly Mar 2007 - Mar 2022
Lithuania (%) 13.1 Mar 2023 quarterly Mar 2007 - Mar 2023
Luxembourg (%) -13.6 Sep 2023 quarterly Mar 2008 - Sep 2023
North Macedonia (%) 2.1 Dec 2019 semiannually Jun 2004 - Dec 2019
Malaysia (%) 0.1 Sep 2023 quarterly Mar 2000 - Sep 2023
Malta (%) 6.8 Sep 2023 quarterly Mar 2001 - Sep 2023
Mexico (%) 10.4 Sep 2023 quarterly Mar 2006 - Sep 2023
Mongolia (%) 1.3 Sep 2021 quarterly Dec 2008 - Sep 2021
Montenegro (%) 24.6 Sep 2023 quarterly Mar 2012 - Sep 2023
Morocco (%) 0.1 Jun 2023 quarterly Mar 2007 - Jun 2023
Netherlands (%) 1.6 Dec 2023 monthly Jan 1996 - Dec 2023
New Zealand (%) -9.1 Jun 2023 quarterly Dec 1990 - Jun 2023
Norway (%) -0.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Palestinian Territory (%) 1.4 Jun 2023 quarterly Mar 2019 - Jun 2023
Peru (%) 7.0 Dec 2021 quarterly Dec 2008 - Dec 2021
Philippines (%) 12.9 Sep 2023 quarterly Mar 2015 - Sep 2023
Poland (%) 8.3 Sep 2023 quarterly Sep 2007 - Sep 2023
Portugal (%) 7.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Romania (%) 7.0 Sep 2022 quarterly Mar 2010 - Sep 2022
Russia (%) 11.8 Dec 2022 quarterly Mar 2006 - Dec 2022
Serbia (%) 6.5 Jun 2023 semiannually Jun 1995 - Jun 2023
Singapore (%) 6.8 Dec 2023 quarterly Mar 1976 - Dec 2023
Slovakia (%) -8.6 Dec 2023 quarterly Mar 2006 - Dec 2023
Slovenia (%) 5.7 Sep 2023 quarterly Mar 2008 - Sep 2023
South Africa (%) 7.3 Nov 2016 monthly Jan 1967 - Nov 2016
Spain (%) 3.7 Dec 2023 monthly Jan 2002 - Dec 2023
Sweden (%) -6.3 Dec 2023 quarterly Mar 1987 - Dec 2023
Switzerland (%) -0.4 Sep 2023 quarterly Mar 1971 - Sep 2023
Taiwan (%) 3.6 Sep 2023 quarterly Mar 2002 - Sep 2023
Thailand (%) 8.5 Sep 2021 monthly Mar 2009 - Sep 2021
Turkey (%) 82.8 Nov 2023 monthly Jan 2011 - Nov 2023
Ukraine (%) 17.1 Sep 2023 quarterly Mar 2017 - Sep 2023
United Kingdom (%) -0.2 Jan 2024 monthly Jan 1992 - Jan 2024
United States (%) 3.9 Jun 2023 quarterly Mar 1992 - Jun 2023

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Philippines Key Series

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Includes 246 key indicators for Philippines, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.7 Sep 2023 quarterly Dec 1985 - Sep 2023
Consolidated Fiscal Balance (USD mn) -1,670.853 Nov 2023 monthly Jan 1985 - Nov 2023
Tax Revenue (USD mn) 5,125.080 Nov 2023 monthly Jan 1985 - Nov 2023
Tax Revenue: % of GDP (%) 15.2 Sep 2023 quarterly Mar 1985 - Sep 2023
National Government Debt (USD mn) 262,231.1 Nov 2023 monthly Jan 1993 - Nov 2023
Government Debt: % of GDP (%) 60.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Forecast: Government Expenditure (PHP bn) 9,083.350 2028 yearly 1989 - 2028
Forecast: Government Net Debt (PHP bn) 19,652.200 2028 yearly 1993 - 2028
Forecast: Government Revenue (PHP bn) 8,212.060 2028 yearly 1989 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -4,013.4 Dec 2023 monthly Jan 1957 - Dec 2023
Total Exports (USD mn) 5,779.0 Dec 2023 monthly Jan 1979 - Dec 2023
Total Exports Growth (%) -0.5 Dec 2023 monthly Jan 1980 - Dec 2023
Aluminum: Exports (USD th) 178,900.107 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 61,685.472 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 11,340.083 2022 yearly 1995 - 2022
Total Imports (USD mn) 9,792.4 Dec 2023 monthly Jan 1979 - Dec 2023
Total Imports Growth (%) -5.1 Dec 2023 monthly Jan 1980 - Dec 2023
Imports: Medicament (USD th) 1,570,518.510 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,269,332.939 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 904.780 Dec 2023 monthly Jan 1978 - Dec 2023
Total Imports from USA (USD mn) 748.887 Dec 2023 monthly Jan 1986 - Dec 2023
Total Exports to China (USD mn) 703.886 Dec 2023 monthly Jan 1984 - Dec 2023
Total Imports from China (USD mn) 2,276.721 Dec 2023 monthly Jan 1986 - Dec 2023
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 177.8 Sep 2023 monthly Jan 2005 - Sep 2023
Current Account Balance (USD mn) -601.3 Sep 2023 monthly Jan 1999 - Sep 2023
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 654.7 Oct 2023 monthly Jan 2005 - Oct 2023
Foreign Direct Investment: % of GDP (%) 1.9 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment (USD mn) -1,576.162 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -1.5 Sep 2023 quarterly Dec 1980 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -197.7 Sep 2023 quarterly Mar 1996 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -1,378.485 Sep 2023 quarterly Mar 1977 - Sep 2023
External Debt (USD mn) 118,833.2 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: % of GDP (%) 27.5 2022 yearly 1990 - 2022
External Debt: Short Term (USD mn) 17,352.9 Mar 2023 quarterly Mar 2005 - Mar 2023
External Debt: Short Term: % of GDP (%) 4.1 2022 yearly 2005 - 2022
Forecast: Current Account Balance (USD bn) -7.439 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -49,982.096 Sep 2023 quarterly Dec 2012 - Sep 2023
BoP: Change in Reserve Assets: Debit (USD mn) -397.936 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Financial Derivatives (FD) (USD mn) -16.679 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 177.787 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -808.117 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Services: Credit: Export (USD mn) 4,058.260 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Primary Income (USD mn) 457.461 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 422.109 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -450.073 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Net Incurrence of Liabilities (USD mn) 226.005 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Credit: Receipts (USD mn) 7.399 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Secondary Income: Debit: Payments (USD mn) 83.597 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Financial Account (FA) (USD mn) -1,363.077 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -56.669 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods (USD mn) -5,160.355 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods: Credit: Export (USD mn) 5,077.753 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Secondary Income (USD mn) 2,686.937 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Services: Debit: Import (USD mn) 2,643.641 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods: Debit: Import (USD mn) 10,238.108 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Capital Account (CA) (USD mn) 6.796 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 1,236.205 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Debit: Payments (USD mn) 0.603 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Net Acquisition of Financial Assets (USD mn) -1,137.071 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -39.989 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Services (USD mn) 1,414.618 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Export (USD mn) 13,274.546 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Import (USD mn) 13,875.885 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Portfolio Investment (PI) (USD mn) 942.246 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -1,392.319 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Direct Investment (DI) (USD mn) -244.322 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Current Account (CA) (USD mn) -601.339 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,770.534 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,368.000 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Primary Income: Debit: Payments (USD mn) 910.539 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Other Investments (OI) (USD mn) -2,044.322 Sep 2023 monthly Jan 2005 - Sep 2023
External Debt: Medium and Long Term (USD mn) 101,675.382 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: Japan (USD mn) 14,804.858 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: France (USD mn) 1,202.896 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: UK (USD mn) 4,065.389 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: Germany (USD mn) 1,303.955 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: USA (USD mn) 3,154.847 Sep 2023 quarterly Mar 2005 - Sep 2023
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.2 Dec 2023 monthly Mar 2008 - Dec 2023
Household Debt: % of GDP (%) 10.6 Sep 2023 quarterly Mar 2009 - Sep 2023
Non-Performing Loans (USD mn) 8,081.430 Dec 2023 quarterly Mar 2008 - Dec 2023
Money Supply M1 (USD mn) 119,056.454 Nov 2023 monthly Dec 1988 - Nov 2023
Money Supply M2 (USD mn) 294,132.805 Nov 2023 monthly Dec 1988 - Nov 2023
M2 Growth (%) 7.3 Nov 2023 monthly Dec 1989 - Nov 2023
Reserve Requirement Ratio (%) 9.5 Jan 2024 monthly May 1986 - Jan 2024
Foreign Exchange Reserves (USD mn) 88,440.8 Jan 2024 monthly Jan 1960 - Jan 2024
Foreign Exchange Reserves: Months of Import (NA) 9.1 Dec 2023 monthly Jan 1979 - Dec 2023
Gold Reserves (USD mn) 10,299.128 Jan 2024 monthly Dec 1956 - Jan 2024
Total Deposits (USD mn) 342,355.203 Dec 2023 quarterly Mar 2008 - Dec 2023
Total Deposits Growth (%) 7.1 Dec 2023 quarterly Mar 2009 - Dec 2023
Domestic Credit (USD mn) 323,672.0 Nov 2023 monthly Dec 2001 - Nov 2023
Domestic Credit Growth (%) 9.6 Nov 2023 monthly Dec 2002 - Nov 2023
Household Debt (USD mn) 42,353.4 Jun 2023 quarterly Mar 2009 - Jun 2023
Total Loans (USD mn) 228,908.695 Dec 2023 monthly Mar 2008 - Dec 2023
Total Loans Growth (%) 7.75 Dec 2023 monthly Mar 2009 - Dec 2023
Private Debt: % of Nominal GDP (%) 48.11 Dec 2023 quarterly Dec 2001 - Dec 2023
DCS: LA: M4: M3 (PHP mn) 16,761,935.835 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: LA: M4: M3: M2 (PHP mn) 16,273,779.834 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,587,155.485 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: Domestic Claims (DC) (PHP mn) 17,908,125.383 Nov 2023 monthly Dec 2001 - Nov 2023
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 9.500 Jan 2024 monthly May 1986 - Jan 2024
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 2,344.770 Jun 2023 quarterly Mar 2009 - Jun 2023
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 12.1 Dec 2023 quarterly Jun 2002 - Dec 2023
Business Outlook: Index: Industry: Current Quarter (Point) 33.185 Dec 2023 quarterly Jun 2001 - Dec 2023
Business Outlook: Index: Services: Current Quarter (Point) 35.462 Dec 2023 quarterly Jun 2001 - Dec 2023
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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