In the last quarter of 2016, the Philippine House Price Index climbed by 2.33% to 218.47 from a low of 213.50 in the third quarter of 2016. Overall, house prices are still 0.94% below their peak of 220.99 posted in the first quarter of 2016.
This is similar to what happened in Hong Kong, where home prices jumped 6.91% in the third quarter of 2016.
See related post:
After a 10% Market Decline in Late 2015 to Early 2016, Hong Kong Home Prices Resume Their Relentless Upward Trend in late 2016
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