BSP: Residential real estate prices up in Q3 2017

The Bangko Sentral ng Pilipinas (BSP) reported that residential real estate prices in the country rose by 1.8 percent (%) in the third quarter of 2017 as the Residential Real Estate Price Index (RREPI) rose to 111.6 from 109.6 in the same period in 2017.

"Year-on-year, prices of townhouses and condominium units grew faster at 7.3% and 3.6% compared to the previous quarter, respectively. Meanwhile, prices of single detached housing units grew at a slower rate of 0.8 percent," BSP said in a report posted online.

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