19/03/2025
MORE FILIPINOS NOW OWN LAND, FARMS, AND SECOND HOMES – BSP SURVEY REVEALS
A recent Bangko Sentral ng Pilipinas (BSP) survey shows a rise in Filipino property ownership beyond primary residences, with more individuals acquiring land, farms, and second homes. Ownership rates are highest in Visayas and Mindanao, with many properties inherited or purchased in cash. Most are used for agriculture, future homes, or vacation retreats. Notably, nearly 95% of these properties have appreciated in value, with market prices surging an average of 8.4 times their original cost.
This story originally appeared on tribunephl. Graphics and minor edits were made by the Destination PH editors.
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