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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