Property Prices in Davao, Philippines

Index Info
Price to Income Ratio: 24.03
Mortgage as Percentage of Income: 252.05%
Loan Affordability Index: 0.40
Price to Rent Ratio - City Centre: 33.39
Price to Rent Ratio - Outside of Centre: 48.53
Gross Rental Yield (City Centre): 3.00%
Gross Rental Yield (Outside of Centre): 2.06%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 17,142.86 ₱ 10,000.00-20,000.00
Apartment (1 bedroom) Outside of Centre 9,100.00 ₱ 7,500.00-13,000.00
Apartment (3 bedrooms) in City Centre 35,500.00 ₱ 25,000.00-75,000.00
Apartment (3 bedrooms) Outside of Centre 16,500.00 ₱ 15,000.00-35,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 12,386.97 ₱ 9,290.23-13,935.34
Price per Square Feet to Buy Apartment Outside of Centre 8,980.55 ₱ 8,361.20-9,290.23
Salaries And Financing
Average Monthly Net Salary (After Tax) 23,930.40 ₱
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.60 5.50-12.00

These data are based on 58 entries in the past 18 months from 15 different contributors.
Last update: April 2024

Sources and References
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5 Comments so far
Daniel on May 12, 2023:
I guess Daniela is right. The real estate market is completely dominated by crazy and corrupt Mafiosi. The Standard is very poor compared to Europe specially at a similar price level! Regarding the post of Bro David, I guess he is not exactly right as he compares sqm prices of a lot without house (70'000) with a condo in the city center (140'000) which includes construction costs!
Anonymous on Jul 13, 2022:
@Daniela, this is true! The price for an apartment for rent is higher than the salary you get! however, those apartments are comfortable to live in. you can get an apartment for a lower price but not that good.
Daniela on Dec 03, 2021:
I think this page needs to be corrected. Prices mentioned are similar to where I live in Europe where high end people come on holidays.
Also how can someone with a 200€ salary there pay an apartment rent of the same price! ?
You are crazy or totally corrupt!
Anonymous on Nov 13, 2021:
General Santos and Dadiangas are the same place.:) Dadiangas is the original name.After 1950,Visayas population made immigrate to Mindanao island,they changed name of city as General Santos that who managed moving.
Bro David on Jul 07, 2021:
The property prices per SQM is way way wrong for Davao city, Philippines! My girlfriend works for the Bureau of Internal Revenue Philippines. And the prices Davaowenyos want per SQM as opposed to what the actual and real prices are way off!

This is not Manila and certainly not Makati! Even at one of the most high end subdivisions in Davao city (Las Terazza) doesn't price at 70k per SQM!