By: Daxim L. Lucas- Reporter / @daxinq
Philippine Daily Inquirer / 05:18 AM March 29, 2018
Residential real estate prices rose by 5.7 percent year-on-year in the fourth quarter of 2017 as the Residential Real Estate Price Index increased to 117.4 from 111.1 in the same quarter a year ago, the Bangko Sentral ng Pilipinas (BSP) said.
In a statement, the BSP said that year-on-year, prices of townhouses and condominium units grew faster at 8.1 percent and 14.2 percent compared to the previous quarter, respectively.
Meanwhile, prices of single detached housing units declined slightly by 0.3 percent. Quarter-on-quarter, the real estate price index also went up by 5.2 percent.