Cebu, Philippines
Property prices · 2024 · Asia
Property price trend in Cebu (2024–2026)
Property comparison — cities in Philippines (2024)
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Cebu in 2024?
In Cebu, the average price per sqm in the city centre is PHP 120,000, and PHP 80,000 outside the centre (2024 data). Prices have risen 9% since 2024.
How much is rent in Cebu in 2024?
A 1-bedroom apartment in Cebu rents for approximately PHP 22,000 per month in 2024. A 3-bedroom apartment costs around PHP 36,000/month.
Is it better to buy or rent in Cebu?
Renting is generally more cost-effective in Cebu. The price-to-rent ratio is 22.0x — it would take approximately 22.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 8.00%.
What are mortgage rates in Philippines in 2024?
The average mortgage rate in Philippines is approximately 8.00% as of 2024. With a price-to-rent ratio of 22.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Cebu?
The average property price per square metre in Cebu city centre is PHP 120,000 in 2024. Outside the centre, expect to pay around PHP 80,000/sqm.