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BSP: Elevated borrowing costs tempered home prices in Q4 2023

By Inquirer - 2 months ago
MANILA — Home prices in the Philippines rose at a slower pace in the final quarter of 2024 amid a high interest rate environment that weighed on demand for fresh housing loans, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday. Prices of various types of new housing units nationwide rose by 6.5 percent year-on-year

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