Money Matters

How Much is the Typical Filipino's Budget for Buying a House?

Find out how much the typical Pinoy (meaning, you) can afford to plunk down to buy a home

Photography: Miguel Nacianceno (Main Photo)

On average, Filipino property buyers allocate P1.5 million in their budget for purchasing a house, according to a study by real estate portal Property24.

The study, which surveyed 152 Filipinos nationwide, aims to profile the typical property buyer in the country. The data was compiled by the Philippine arm of Property24, a listings site for property developments. It is part of the OLX Group, which runs the country’s largest online listings manager.

“Based on the survey, the average budget of the buyer is between P1.5 million and P2 million,” said Ferdinand Perez, head of operations and real estate for OLX Philippines. “Yun yung sinasabi nilang willing silang igastos (That’s what they say they’re willing to spend).”

Property24’s finding coincided with recent data from real estate analyst Colliers International Philippines. In its latest report on the country’s residential market, Colliers found that 45 percent of pre-selling for residential condominium units in the first half of 2017 were in the affordable and economic categories, which refer to units priced P3.2 million and below.

Aside from average budget, the study also looked at the demographics of a typical Filipino property buyer. According to Property24’s data, 77 percent of those considering to buy property are female with an average age of 40 years old. A majority are married, employed and belong to the C2 socioeconomic segment or middle section of the middle class (See infographic)

Perez said that these findings point to mothers being the primary property buyers among Filipinos. He related this to how mothers are the typical decision-makers when it comes to matters of the household.

Property24’s network boasts the largest number of visitors for any real estate portal. Both Property24 listings and the property listings in OLX Philippines receive a combined two million page visits monthly, according to Perez. As well, the group generates more than 300,000 leads every month across both websites. (Property24 publishes listings from real estate developers, brokers and agents, while OLX lists properties being sold by other consumers.)   


Lorenzo Kyle Subido is a staff writer of Entrepreneur PH.

This story originally appeared on

* Minor edits have been made by the editors.

More on

This Tiny Detail Might Just Double The Value Of Your Home

How can you increase your home's property value?

Home Improvement Projects That Don't Add Value To Your Property


Latest Stories

This Lady's Closet Is 3,000 Square Feet In Size

Would you believe this enormous closet has three floors of designer bags and clothes, and a champagne bar, too?

The Birdhouse in El Nido Is A Paradise on Its Own

Elevate your island experience in this boutique glamping hotel that offers not just a breathtaking view, but a close encounter with nature, too

Take A Peek Inside The Beach Houses and Resorts Owned by Celebs

These relaxing sanctuaries are perfect for well-deserved vacations

The Multitasking Kitchen Appliance You Need at Home

With this on your countertop, you can accomplish tons of tasks in a breeze

We’ve Discovered 5 New Stores for Your Plant Needs

Tap the Instagram icon on your phone and give these shops a follow

There’s More To This Mysterious Island Than The Moriones Festival

Many visit Marinduque for its famous Holy Week festival, but the MIMAROPA island is a treasure trove of heritage homes, artistry, and delicious food.

8 Cultural Spots in Negros You Can Visit This Summer

This Southern region holds many (sweet!) surprises such as a bakery in a centuries-old building and an art gallery in an ancestral house

Get Fresh, Tropical-Filipino Inspiration From This Store

These pieces will remind you of nostalgic summers in your lolo and lola's home

5 Ways To Redecorate Your Home Without Shopping

For starters, you can try these pro-approved tips

Avoid A High Electricity Bill This Summer While Keeping Your Home Cool

You don't need to leave the AC unit turned on 24/7

How I Moved Out of the Family Home and Survived Living Alone

A young photojournalist shares the triumphs and struggles of living independently

This House in Pasig Has Been Under Renovation For Years

Architect Pierre Briones transformed a dated property into a stunning home filled with wooden touches, designer pieces, and handpicked accessories
Load More Stories

Get inspiring design ideas and handy hints.
Subscribe to our newsletter now!