Philippines real estate market — prices, rental yield and trend
- Average price: $3,359 / m²
- Gross rental yield: 5.11%
- 12-month price change (USD): -4%
- Transaction cost: 14.1%
- Price basis: capital, prime district
Residential property in Philippines averages $3,359 per square metre — -4% in dollar terms over twelve months, so a dollar buyer pays less than a year ago. That makes it the 33rd most expensive of the 70 markets in the set. In local currency the same twelve months read +4.5%; the 8.5-point gap is the exchange rate, not the housing market.
What a buyer pays in Philippines
The $3,359 figure is an average for the prime districts of the capital only: it describes the capital's market, not the country as a whole — most of the country trades well below it. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 14.1% of the price here. On a 100 m² apartment at the average price that is roughly $47,362 on top of the $335,900 purchase price. That is above the 9.5% median across the set — the entry cost is part of the investment case here.
What it earns
Long-term letting returns about 5.1% gross on the purchase price, 43rd of 69 markets by gross yield. Measured against local earnings, the price-to-income ratio is 32.1 — that is how many years of an average local income one average home costs, and it says more about who can buy here than any price figure does.
How this figure is built
The price figure for Philippines comes from the source we judge most reliable for this market. It was last refreshed on 2026-07-23. We rate our confidence in this market’s data high: the underlying series is official and current. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.
Sources: GPG Philippines · globalpropertyguide.com · bworldonline.com · numbeo.com. Snapshot: 2026-07-23.