Manila, Philippines
Property prices · 2026 · Asia · Price +2.9% vs 2025
Property price trend in Manila (2024–2026)
Property comparison — cities in Philippines (2026)
Other Asia cities (2026)
Frequently asked questions
How much does property cost in Manila in 2026?
In Manila, the average price per sqm in the city centre is PHP 101,650, and PHP 62,060 outside the centre (2026 data). Prices have risen 7% since 2024.
How much is rent in Manila in 2026?
A 1-bedroom apartment in Manila rents for approximately PHP 29,960 per month in 2026. A 3-bedroom apartment costs around PHP 58,850/month.
Is it better to buy or rent in Manila?
Buying may offer better long-term value in Manila. The price-to-rent ratio is 15.0x — it would take approximately 15.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 6.80%.
What are mortgage rates in Philippines in 2026?
The average mortgage rate in Philippines is approximately 6.80% as of 2026. With a price-to-rent ratio of 15.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Manila changed?
Property prices in Manila have changed +2.9% vs 2025. Since 2024, prices have increased by 7%. Use the year tabs above to compare prices across years.
What is the price per sqm in Manila?
The average property price per square metre in Manila city centre is PHP 101,650 in 2026. Outside the centre, expect to pay around PHP 62,060/sqm.