Manila, Philippines
Property prices · 2024 · Asia
Property price trend in Manila (2024–2026)
Property comparison — cities in Philippines (2024)
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Manila in 2024?
In Manila, the average price per sqm in the city centre is PHP 95,000, and PHP 58,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Manila in 2024?
A 1-bedroom apartment in Manila rents for approximately PHP 28,000 per month in 2024. A 3-bedroom apartment costs around PHP 55,000/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 2024?
The average mortgage rate in Philippines is approximately 6.80% as of 2024. With a price-to-rent ratio of 15.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Manila?
The average property price per square metre in Manila city centre is PHP 95,000 in 2024. Outside the centre, expect to pay around PHP 58,000/sqm.