7 months Housing property prices up in Q1 – BSP MB |Biz
By Lee C. Chipongian Residential real estate prices were up by 3.1 percent year-on-year in the first quarter as shown in the Residential Real Estate Price Index (RREPI) which increased to 119.9 from 116.3 end-March last year, the central bank said. MB file photo. On a quarterly basis, RREPI was up by 1.6 percent. The RREPI includes the average prices of various types of housing such as single detached houses, duplexes, townhouses, and condominium units. The Bangko Sentral ng Pilipinas (BSP), which gets its data from banks’ housing loans as basis for the RREPI, said prices of condominium units and ... more