Real Estate Blog PHILIPPINES

Providing real estate facts (and more) in the Philippines since 2017.

How affordable are Metro Manila’s home prices compared with its peers in the region

Metro Manila’s home affordability ratio — the share of median home price to median annual household income — is one of the highest (most expensive) in the region after the cities in China, Vietnam, Hong Kong, and Indonesia, according to a report by Urban Land Institute (ULI). Median home price in Metro Manila is 24.8 times higher than its median annual household income in 2023, data from the latest ULI Asia-Pacific Home Attainability Index showed. The ratio of the Philippine capital is higher than Metro Cebu’s 23.3 and City of Davao’s 16.1.

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The article was originally published in Business World

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