The percentage of households that plan to buy real property for the next 12 months decreased to a record low of 3.3 percent from 5.9 percent posted in Q1 2020.
The lower percentage can be attributed to the decline in the number of households that plan to acquire single detached houses (at 32.6 percent from 43.7 percent in Q1 2020), townhouses (at 4.1 percent from 6.6 percent in Q1 2020), duplexes (at 2 percent from 4.8 percent in Q1 2020), and apartments (at 0.5 percent from 5.1 percent in Q1 2020).
Respondents were also asked about the price of real properties they intend to purchase in the next 12 months. Majority or 70 percent of these households expect to acquire real property worth ₱450,000 and below. Meanwhile, 24.7 percent of households expect to buy house and/or lot valued between ₱450,001 and ₱1,700,000 and 5.3 percent may purchase properties at an estimated cost of more than ₱1,700,000.
Source: Bangko Sentral ng Pilipinas