Prices of real property in Manila have been increasing every year indeed!
Real property portal, asiapropertyhq.com reported that the year-on-year price increase for 3-bedroom condominiums in Makati was 14.37% in 2013; 7.11% in 2014 and 13.43% a year later.
By 2016, the portal said, real estate price increase was 9.95%; a year later in 2017, the figure was 10.4%.
“Overall, prices increased by 5.7% on average nationally in 2017, where we saw the highest increase for duplex houses, followed by condominium units. Prices for single detached/attached houses fell slightly,” asiapropertyhq.com said.
It added that there was also a considerable difference in price increases in the National Capital Region and areas outside of the NCR.
In NCR, residential property prices increased by 8.8%, but the price increase was merely 3% in the rest of the country, asiapropertyhq.com noted.
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