House prices rise nearly 10% from January to March

The Philippines is far from seeing a property bubble even as housing prices rose by nearly a tenth annually last quarter, according to findings of the central bank’s new index for tracking such prices nationwide. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa C. Guinigundo bared the results of the new residential real estate price index (RREPI) on June 3 that showed, among others, a 9.2% overall rise in housing prices in January-March from the comparable year-ago period. Read the full story

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