Philippine house prices have gone parabolic. They have climbed 49.30% since President Duterte took office in the second half of 2016. Year-on-year price increase as of the 3rd Qtr 2019 is an astounding 21.20%. Prices have outpaced inflation by a wide margin, 139.88 percentage points.
How long can this go on? Not long, considering sales volumes dropped by more than 25% in 2018, indicating that more and more people cannot afford the high price levels.
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