The Philippines residential property market continues to develop vigorously due to a rapid economic growth.
The average price of a luxurious two-bedroom apartment in the center of Makati has grown by 7% over the course of 2017 — up to $3,830 per square meter. While the annual growth since 2012 amounted to about 7-10%, according to Colliers International. For the fourth quarter of 2017 only, the cost of housing in the center of Makati grew by 1.5%.
Housing in the larger areas of Manila is becoming more expensive. In Rockwell Center, the average price of a three-room apartment has increased by 8.1% — up to $4,250 per square meter. In 2017. In Fort Bonifacio — by 1%, up to $3,380 per square meter for the same period.