RESIDENTIAL PROPERTY PRICES nationwide rose at a slower pace in the first quarter, the Bangko Sentral ng Pilipinas (BSP) said.
Data from the central bank showed that the Residential Real Estate Price Index (RREPI) rose by an annual 6.1% in the January-March period but slowed from the 6.5% growth in the previous quarter and 10.2% expansion a year ago.
This was also the weakest growth in nationwide home prices since the 2.6% recorded in the second quarter of 2022.
On a quarterly basis, residential property prices grew by 1.1%, a turnaround from the 3.6% decline in the fourth quarter.
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