The average cost per square meter of residential constructions in Philippines was estimated at PHP 10,621 per SQ. METRE in the first quarter of 2019, 16.3 percent below previous year’s average cost. Housing Index in Philippines averaged 8218.33 PHP/SQ. METRE from 2002 until 2019, reaching an all time high of 12682 PHP/SQ. METRE in the first quarter of 2018 and a record low of 4889 PHP/SQ. METRE in the fourth quarter of 2002.
Housing Index in Philippines is expected to be 9690.00 PHP/SQ. METRE by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in Philippines to stand at 11800.00 in 12 months time. In the long-term, the Philippines Average Construction Cost is projected to trend around 14000.00 PHP/SQ. METRE in 2020, according to our econometric models.