Philippines House Prices, Rents & Rental Yields (2026)
How much property costs in Philippines, what it rents for and how that compares with neighbouring markets in South-eastern Asia. City-centre prices per m² rank 4 of 6 in this comparison; gross yields rank 7 of 7.
- Apartment price per m² (city centre)
- $2,556
- 2023
- Apartment price per m² (outside centre)
- $1,345
- 2023
- Gross rental yield (city centre)
- 2.9%
- 2024
- Price-to-income ratio
- 27
- 2024
- Rent: 1-bedroom, city centre
- $356/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 7.5%
- 2023
Price and rent trends in Philippines
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $2,556 | 2023 | -11.5% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $1,345 | 2023 | +13.7% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 27 | 2024 | -10.3% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 2.9% | 2024 | -0.6 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 34.1 | 2024 | +18.4% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $356/mo | 2023 | -0.1% vs 2022 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $206/mo | 2023 | +1.9% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $819/mo | 2023 | -4.2% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $420/mo | 2023 | -6.5% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 7.5% | 2023 | +0.4 pp vs 2022 | Numbeo |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 27 | 2.9% | 34.1 | — | — | — | — | — |
| 2023 | $2,556 | $1,345 | 30.1 | 3.5% | 28.8 | $356/mo | $206/mo | $819/mo | $420/mo | 7.5% |
| 2022 | $2,889 | $1,183 | 29.6 | 3.1% | 32.4 | $357/mo | $202/mo | $855/mo | $450/mo | 7.1% |
| 2021 | $3,076 | — | 30.1 | 3.3% | 30.5 | $416/mo | $218/mo | $951/mo | $482/mo | 8.0% |
| 2020 | $2,957 | $1,711 | 24.6 | 3.4% | 29 | $409/mo | $218/mo | $933/mo | $445/mo | 7.2% |
| 2019 | $2,165 | $1,066 | 21.8 | 3.5% | 28.5 | $320/mo | $188/mo | $594/mo | $362/mo | 8.0% |
| 2018 | $2,004 | $1,110 | 17.8 | 4.2% | 24 | $335/mo | $174/mo | $719/mo | $349/mo | 7.5% |
| 2017 | $2,235 | $1,211 | 16.9 | 3.7% | 26.7 | $341/mo | $175/mo | $825/mo | $345/mo | 7.6% |
Philippines compared with South-eastern Asia
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Philippines | $2,556 | 2.9% | 27 | 7.5% |
| Cambodia | — | 4.8% | 32.5 | — |
| Indonesia | $1,858 | 4.6% | 18.9 | 9.6% |
| Malaysia | $2,298 | 4.1% | 8.5 | 4.3% |
| Singapore | $20,832 | 3.3% | 14.9 | 3.7% |
| Thailand | $3,763 | 3.1% | 26.5 | 6.2% |
| Vietnam | $2,822 | 3.1% | 23.7 | 10.2% |
Related
- Properties for sale in Philippines (31,236)
- Mortgages in Philippines for foreigners
- Philippines market overview
- Tax rates in Philippines
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.