12/09/2024
๐ก Residential Real Estate Prices Update: Q4 2023 Analysis
In the latest report, nationwide residential property prices showcased interesting trends in Q4 2023:
โข Year-on-Year (YoY) Growth: Residential real estate prices rose by 6.5% YoY, although lower than the previous quarter.
โข Regional Insights:
โข National Capital Region (NCR): Prices increased by 4.3% YoY, driven by single-detached/attached houses and townhouses.
โข Areas Outside the NCR (AONCR): Prices grew by 7.8% YoY, with all housing types except duplex units showing increases.
โข Housing Type Analysis:
โข Single-detached/attached houses had the highest YoY growth at 9.5%, while duplex units saw a decrease of 33.5%.
โข Quarter-on-Quarter (QoQ): Townhouses recorded the only price increase at 4.5%, with duplex units declining the fastest by 42%.
โข Loan Availments:
โข YoY: Residential real estate loans grew by 30.5%, indicating continued interest in new housing units.
โข QoQ: Nationwide housing loan availments increased by 26.9%, showing sustained market activity.
โข Appraised Value:
โข Average appraised value per square meter increased YoY, with notable variations between NCR and AONCR regions.
โข Housing Unit Profile:
โข Single-detached/attached houses remained the largest segment in residential real estate transactions.
These insights provide a comprehensive view of the evolving residential real estate landscape, highlighting opportunities and trends for buyers and investors alike. For a detailed analysis or to explore available properties.