Makati Property Price Index And Economy Growth

Philippines

Index
Price to Income Ratio: 25.06
Mortgage as Percentage of Income: 285.19%
Loan Affordability Index: 0.35
Price to Rent Ratio – City Centre: 15.57
Price to Rent Ratio – Outside of Centre: 26.65
Gross Rental Yield (City Centre): 6.42%
Gross Rental Yield (Outside of Centre): 3.75%
Rent Per Month   Avg.
Range
Apartment (1 bedroom) in City Centre 29,875.00 ₱
24,000-40,000
Apartment (1 bedroom) Outside of Centre 14,000.00 ₱
10,000-18,000
Apartment (3 bedrooms) in City Centre 73,000.00 ₱
45,000-120,000
Apartment (3 bedrooms) Outside of Centre 27,500.00 ₱
25,000-30,000
Buy Apartment Price Avg.
Price per Square Meter to Buy Apartment in City Centre 117,846.29 ₱
100,000-130,000
Price per Square Meter to Buy Apartment Outside of Centre 84,750.00 ₱
60,000-99,000
Salaries And Financing   Avg.
Average Monthly Disposable Salary (After Tax) 20,214.29 ₱
15,000-25,000
Mortgage Interest Rate in Percentages (%), Yearly 9.75
8-11
11.00

These data are based on 455 entries in the past 18 months from 67 different contributors.

Last update: March, 2014

country data (source CIA, 2013)
GDP Per Capita ($) : 4,500.00
GDP Growth Rate: 6.60%
Population Growth Rate: 1.84%

House price change (Makati Central Business District)

% change over a year earlier                                Average Price of Prime 3BR Condominium

Unit,   Makati Central Business District (PHP/sq. m.)

Q1 Q2 Q3 Q4
2013 2.08 6.92 2.58
2012 4.38 0.00 0.62 1.68
2011 0.70 2.91 1.04 1.97
2010 0.00 0.94 1.47 0.68
2009 -0.72 0.00 -1.28 -0.52
2008 1.66 3.29 2.19 -0.20
2007 4.24 2.33 3.41 4.40
2006 0.00 2.33 4.55 2.48
2005 3.76 0.85 0.96 4.98
% change over a quarter

Source – Colliers International

Food for thought: Are you surprised that Philippines did well in the last year? Real estate investment is always about the numbers, never about one’s weakness in not handling it well. Invest in your own Financial Education and follow the right list of investment criteria and fundamental before you invest. Awesome! :)

This entry was posted in Market Trends. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>