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.
If you like this article, share it on social media by clicking any of the icons below.
Or in case you haven’t subscribed yet to our newsletter, please click SUBSCRIBE so you won’t miss the daily real estate news updates delivered right to your Inbox.
The article was originally published in Business World
About Post Author
More Stories
RRHI first quarter core earnings rise to P1.2 B
BCDA remits P1.1 billion to national coffers
Consunji Group seals deal to buy 90% of Cemex PH for $305.6 M