Davao, Philippines
Property prices · 2024 · Asia
Property price trend in Davao (2024–2026)
Property comparison — cities in Philippines (2024)
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Davao in 2024?
In Davao, the average price per sqm in the city centre is PHP 75,000, and PHP 50,000 outside the centre (2024 data). Prices have risen 9% since 2024.
How much is rent in Davao in 2024?
A 1-bedroom apartment in Davao rents for approximately PHP 14,000 per month in 2024. A 3-bedroom apartment costs around PHP 23,000/month.
Is it better to buy or rent in Davao?
Renting is generally more cost-effective in Davao. The price-to-rent ratio is 21.0x — it would take approximately 21.0 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 21.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Davao?
The average property price per square metre in Davao city centre is PHP 75,000 in 2024. Outside the centre, expect to pay around PHP 50,000/sqm.