More than half of Filipinos suffer housing-related woes — report
MANILA, Philippines — At least half of Filipinos have expressed difficulty in housing in 2025, according to a report.
Citing data from Gallup, The Economist said that the Philippines is one of many countries across Asia experiencing difficulties in housing, and the high costs are the likely culprit.
More than half of Filipino respondents stated they had housing-related concerns. The country was followed by Sri Lanka and Myanmar.
The same Gallup data found that the Philippines surpasses developed countries such as South Korea, Singapore, Australia and the United States.
In the 2023 Urban Land Institute Asia Pacific Home Attainability Index, the Philippines' ratio to median monthly rent to medium monthly income is the highest in Asia. This means that there is a large gap between how much a household makes—and how much they could afford to live in a house.
Home prices in the Philippines cost between 16 to 25 times the annual household income.
Meanwhile, the median monthly rent is over US$1,000, which is 166% of the median monthly household income.
Data from the Congressional Policy and Budget Research Department found that in 2022, the average Filipino household made an average monthly income of P15,820.
According to Wise.com, a one-bedroom apartment in the metro ranges from P8,000 to P40,000 per month, which translates to P96,000 to P480,000 per year.
President Ferdinand Marcos Jr. has set a lofty goal for housing in the Philippines, initially promising to build 6 million houses by the end of his term—a goal that his since been recalibrated to 3.2 million.
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