By:  – Reporter / @daxinq
 / 04:07 PM March 26, 2021

MANILA, Philippines — Residential property prices in the Philippines rose marginally in the fourth quarter of 2020, recovering from a steep decline in the three prior months induced by the economic uncertainties associated with the coronavirus pandemic, according to the central bank.

Data released by the Bangko Sentral ng Pilipinas showed, however, that in the real estate sector in the country’s largest market, the National Capital Region, continued to soften, extending price declines across various categories for the second consecutive quarter.