What are the price trends and forecasts in Panay Island right now? (2026)

Panay Island's property market is gaining momentum, with Iloilo City emerging as Western Visayas' most dynamic real estate hub in 2026.

In this article, we break down the current housing prices in Panay Island, recent price movements, and where values are headed over the next decade.

We constantly update this blog post as new data becomes available, so you always get the freshest insights on Panay Island real estate.

And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Panay Island.

Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Panay Island. If you’d like to learn more about us, you can check our presentation page.

What are the current property price trends in Panay Island as of 2026?

What is the average house price in Panay Island as of 2026?

As of early 2026, the typical residential property transaction in Panay Island falls between 3.2 million and 4.8 million pesos (roughly 55,000 to 82,000 US dollars or 53,000 to 79,000 euros), though this range blends city condos, suburban houses, and rural lots into one island-wide average.

When you look at price per square meter for built properties in Panay Island, the range runs from about 55,000 to 85,000 pesos per square meter (950 to 1,460 US dollars or 910 to 1,400 euros), with Iloilo City condos sitting at the higher end and provincial townhouses at the lower end.

If you're wondering what 80% of actual buyers pay, the realistic purchase range in Panay Island in 2026 stretches from around 2 million pesos for a modest lot or small townhouse up to about 7 million pesos for a mid-range subdivision home or compact condo in Iloilo City (that's roughly 34,000 to 120,000 US dollars or 33,000 to 116,000 euros).

How much have property prices increased in Panay Island over the past 12 months?

Property prices across Panay Island rose by an estimated 4% from January 2025 to January 2026, which is noticeably stronger than the roughly 1.6% growth recorded for areas outside Metro Manila in the official BSP index.

Depending on property type and location, the actual price increase in Panay Island over the past year ranged from about 2% for older houses in less-connected areas to as much as 7% for well-located condos and townhouses in Iloilo City's growth corridors.

The single biggest factor behind this price movement in Panay Island is the concentration of jobs, schools, and hospitals in Iloilo City, which keeps pulling demand into a relatively small number of high-growth barangays like Mandurriao and Jaro.

Which neighborhoods have the fastest rising property prices in Panay Island as of 2026?

As of early 2026, the three neighborhoods with the fastest rising property prices in Panay Island are Mandurriao in Iloilo City (especially around Iloilo Business Park), Jaro in Iloilo City (a mature district with universities and hospitals), and Malay in Aklan province (the gateway municipality to Boracay).

Mandurriao is seeing estimated annual price growth of 7% to 9%, Jaro is growing at around 5% to 7%, and Malay's tourism-linked properties are appreciating at roughly 6% to 8% depending on proximity to resort infrastructure.

The main demand driver explaining these fast-rising prices is the clustering of employment, services, and lifestyle amenities in Iloilo City, combined with strong tourism cash flows supporting rental demand in Aklan near the Boracay economy.

By the way, you will find much more detailed price ranges across neighborhoods in our property pack covering the real estate market in Panay Island.

We have made this infographic to give you a quick and clear snapshot of the property market in the Philippines. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.

Which property types are increasing faster in value in Panay Island as of 2026?

As of early 2026, the property types appreciating fastest in Panay Island are condominiums in Iloilo City (leading the pack), followed by townhouses across the island, then residential lots in growth suburbs, with larger single-detached houses in non-prime locations trailing behind.

Iloilo City condos are appreciating at an estimated 6% to 9% annually, driven by strong demand from young professionals and OFW families who want convenient, close-in living without the higher price tag of a full house.

The main reason condos are outperforming in Panay Island is that interest rate cuts in late 2025 made smaller-ticket properties more affordable for first-time buyers, and Iloilo City's walkable business districts attract renters who value short commutes.

Finally, if you're interested in a specific property type, you will find our latest analyses here:

• How much do properties cost in Panay Island?
• How much should you pay for a house in Panay Island?
• How much should you pay for lands in Panay Island?

What is driving property prices up or down in Panay Island as of 2026?

As of early 2026, the top three factors driving Panay Island property prices are Iloilo City's role as a regional jobs and services hub, tourism-fueled rental demand in Aklan province, and improved mortgage affordability following BSP's rate cuts through late 2025.

The single strongest upward force on Panay Island property prices right now is the concentration of employment, universities, and hospitals in Iloilo City, which funnels buyer demand into a handful of high-growth barangays and keeps pushing premiums higher in Mandurriao and Jaro.

What is the property price forecast for Panay Island in 2026?

How much are property prices expected to increase in Panay Island in 2026?

As of early 2026, we expect property prices in Panay Island to rise by about 4% to 7% over the course of the year, assuming the local economy stays on its current trajectory and no major shocks hit buyer confidence.

Different analysts and scenarios put the realistic range for Panay Island price growth in 2026 anywhere from 0% to 3% in a pessimistic case (if inflation spikes or typhoons disrupt construction) up to 8% to 10% if rates ease further and tourism surprises on the upside.

The main assumption behind most Panay Island price forecasts is that Iloilo City will keep attracting jobs and services while Aklan's tourism economy remains healthy, which together support steady housing demand across the island.

We go deeper and try to understand how solid are these forecasts in our pack covering the property market in Panay Island.

Which neighborhoods will see the highest price growth in Panay Island in 2026?

As of early 2026, the neighborhoods expected to see the highest price growth in Panay Island are Mandurriao in Iloilo City, Jaro in Iloilo City, and the Pavia-Oton suburban corridor just outside the city center.

These top Panay Island neighborhoods could see price growth of 6% to 10% in 2026, with Mandurriao at the upper end due to continued demand around Iloilo Business Park and new mixed-use developments.

The primary catalyst driving expected growth in these Panay Island neighborhoods is the ongoing clustering of office space, retail, and healthcare facilities in Iloilo City, which makes nearby residential areas increasingly attractive to employees and their families.

One emerging neighborhood that could surprise with higher-than-expected growth in Panay Island is Sta. Barbara along the Cabatuan corridor, which benefits from improved airport access and is attracting subdivision developers seeking more affordable land.

What property types will appreciate the most in Panay Island in 2026?

As of early 2026, the property type expected to appreciate the most in Panay Island is compact condominiums (especially one- to two-bedroom units in Iloilo City), followed closely by townhouses in accessible suburbs.

Iloilo City condos could see appreciation of 7% to 10% in 2026, outpacing other property types because they hit the sweet spot of affordability, convenience, and strong rental demand from young professionals.

The main demand trend driving condo appreciation in Panay Island is the preference among first-time buyers and renters for walkable, low-maintenance living near jobs and amenities, which concentrates demand on a limited supply of well-located city units.

The property type expected to underperform in Panay Island in 2026 is large single-detached houses in non-prime locations, because they require bigger budgets, longer commutes, and tend to sit on the market longer when buyers are price-sensitive.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in the Philippines versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.

How will interest rates affect property prices in Panay Island in 2026?

As of early 2026, Panay Island property prices are benefiting from the BSP rate cuts delivered in late 2025, which improved mortgage affordability and gave buyers more purchasing power, though the central bank has signaled that further easing may be limited due to a recent inflation uptick.

The BSP policy rate currently sits at 4.50% after the December 2025 cut, and mortgage rates in the Philippines generally track a few percentage points above this benchmark, meaning home loan rates are hovering around 7% to 9% depending on the lender and borrower profile.

In Panay Island, a 1% drop in mortgage rates typically expands the pool of qualified buyers by boosting affordability on mid-range properties, which tends to push prices up by 2% to 4% over the following 12 months as demand absorbs available inventory.

You can also read our latest update about mortgage and interest rates in The Philippines.

What are the biggest risks for property prices in Panay Island in 2026?

As of early 2026, the three biggest risks for Panay Island property prices are weather and climate shocks (typhoons can delay construction and spike food prices), oversupply in popular condo and subdivision segments, and tourism volatility that could cool rental demand in Aklan.

The risk with the highest probability of materializing in Panay Island in 2026 is a weather-related disruption, since the Visayas region is typhoon-exposed and a major storm could temporarily freeze transactions, delay project completions, and rattle buyer confidence.

We actually cover all these risks and their likelihoods in our pack about the real estate market in Panay Island.

Is it a good time to buy a rental property in Panay Island in 2026?

As of early 2026, it is a selectively good time to buy a rental property in Panay Island, particularly in Iloilo City near universities and business districts or in Aklan areas with proven tourism cash flow, because borrowing costs are manageable and rental demand remains solid.

The strongest argument for buying a rental property now in Panay Island is that interest rates are lower than they were a year ago, long-term tenants are relatively easy to find in Iloilo City's employment hubs, and prices have not yet priced in all the infrastructure improvements coming over the next five years.

The strongest argument for waiting before buying in Panay Island is that new condo and subdivision supply is still coming to market, which could flatten price growth or force sellers to offer incentives, meaning patient buyers might negotiate better deals later in 2026.

You'll also find a dedicated document about this specific question in our pack about real estate in Panay Island.

Where will property prices be in 5 years in Panay Island?

What is the 5-year property price forecast for Panay Island as of 2026?

As of early 2026, we expect cumulative property price growth in Panay Island of roughly 30% to 45% over the next five years under a base-case scenario, driven by continued urbanization in Iloilo City and infrastructure improvements across the island.

The range of 5-year forecasts for Panay Island spans from a conservative 15% to 25% total gain (if growth disappoints or oversupply weighs on prices) to a high case of 50% to 70% (if tourism booms and major projects complete on schedule).

Translated into an annual rate, this means Panay Island property prices could grow at an average of 5% to 8% per year over the next five years, which would outpace inflation and deliver meaningful real returns for patient investors.

The key assumption most forecasters rely on for Panay Island's 5-year outlook is that Iloilo City maintains its trajectory as a competitive regional hub and that large infrastructure projects like the Panay-Guimaras-Negros Bridge move forward without major delays.

Which areas in Panay Island will have the best price growth over the next 5 years?

The top three areas in Panay Island expected to deliver the best price growth over the next five years are the Iloilo City urban core (especially Mandurriao and Jaro), the suburban ring including Pavia and Oton, and connectivity gateway towns that will benefit from the Panay-Guimaras-Negros Bridge once construction progresses.

These top-performing areas in Panay Island could see 5-year cumulative price gains of 40% to 60%, with the suburban ring potentially outperforming as buyers seek more space at lower per-square-meter costs while still enjoying reasonable commutes to Iloilo City jobs.

This 5-year outlook largely mirrors our shorter 2026 forecast, though the suburban ring and infrastructure-linked areas may gain ground over time as bridge construction becomes more visible and travel times improve.

One currently undervalued area in Panay Island with strong 5-year outperformance potential is Roxas City in Capiz, where new subdivisions are emerging along the Baybay coastal side and prices remain well below Iloilo City levels, offering room for catch-up growth.

What property type will give the best return in Panay Island over 5 years as of 2026?

As of early 2026, the property type expected to deliver the best total return in Panay Island over five years is townhouses in strong rental corridors around Iloilo City, because they combine decent appreciation with steady rental income and broad resale appeal.

We estimate the 5-year total return for well-located Panay Island townhouses at roughly 50% to 70% when you add capital appreciation (around 35% to 50%) and cumulative net rental income, though actual results depend heavily on location and property condition.

The main structural trend favoring townhouses in Panay Island is that they occupy the affordability sweet spot between expensive single-detached houses and compact condos, attracting a wide pool of end-users and renters who want more space without the premium price tag.

For buyers who want to balance return and lower risk over five years in Panay Island, townhouses in established Iloilo City suburbs like Pavia or Oton offer the best combination of liquidity, tenant demand, and resilience to market swings.

How will new infrastructure projects affect property prices in Panay Island over 5 years?

The top three infrastructure projects expected to impact Panay Island property prices over the next five years are the Panay-Guimaras-Negros Bridge (engineering design 84% complete, construction expected to begin in 2026), the Jalaur River Multi-Purpose Project Stage II (targeted for full operation by late 2027), and ongoing road network improvements connecting Iloilo City to its suburban ring.

Properties near completed infrastructure in Panay Island typically command a price premium of 10% to 20% compared to similar properties farther away, and this premium tends to build gradually as projects move from planning to construction to completion.

The neighborhoods in Panay Island that will benefit most from these infrastructure developments are gateway towns near bridge approach roads, peri-urban areas of Iloilo province near the Jalaur project zone, and suburbs along improved road corridors that cut commute times to Iloilo City.

How will population growth and other factors impact property values in Panay Island in 5 years?

Panay Island's population is growing at a moderate pace and, combined with ongoing household formation among young adults, this baseline demographic growth is expected to support steady housing demand and underpin property values over the next five years.

The demographic shift with the strongest influence on Panay Island property demand is the rise of young, dual-income households in Iloilo City who prioritize convenience and are willing to pay premiums for walkable, close-in locations near jobs and schools.

Migration patterns will also shape Panay Island property values, as returning overseas Filipino workers continue to invest in homes and rental properties in their home provinces, while domestic migration from rural areas to Iloilo City adds pressure on urban housing supply.

The property types and areas that will benefit most from these demographic trends in Panay Island are compact condos and townhouses in Iloilo City's growth districts, as well as affordable suburban subdivisions that offer space for growing families at accessible price points.

We made this infographic to show you how property prices in the Philippines compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.

What is the 10 year property price outlook in Panay Island?

What is the 10-year property price prediction for Panay Island as of 2026?

As of early 2026, we project cumulative property price growth in Panay Island of roughly 60% to 110% over the next ten years under a base-case scenario, assuming the island continues to benefit from Iloilo City's rise as a regional hub and steady tourism in Aklan.

The range of 10-year forecasts for Panay Island stretches from a conservative 35% to 60% total gain (if economic headwinds or climate events slow momentum) to a high case of 120% to 180% (if infrastructure projects accelerate and the region captures more investment).

Expressed as an annual rate, Panay Island property prices could appreciate at an average of 5% to 8% per year over the next decade, which would comfortably outpace inflation and deliver solid long-term wealth building for property owners.

The biggest uncertainty in making 10-year predictions for Panay Island is climate risk, since the frequency and severity of typhoons could affect construction costs, insurance expenses, and buyer confidence in ways that are difficult to model precisely.

What long-term economic factors will shape property prices in Panay Island?

The top three long-term economic factors that will shape Panay Island property prices over the next decade are Iloilo City's competitiveness as a secondary city for jobs and services, the durability of Aklan's tourism economy, and the successful completion of major infrastructure projects like the Panay-Guimaras-Negros Bridge.

The single long-term economic factor with the most positive potential impact on Panay Island property values is Iloilo City's continued evolution into a regional services hub, which attracts employers, expands the middle class, and creates sustained demand for housing at multiple price points.

On the risk side, the single long-term economic factor posing the greatest structural threat to Panay Island property values is climate vulnerability, since rising insurance costs, storm damage, and the potential for severe weather events could weigh on buyer confidence and construction economics over time.

You'll also find a much more detailed analysis in our pack about real estate in Panay Island.

Is buying a property in Panay Island a good long-term investment as of 2026?

As of early 2026, buying a property in Panay Island looks like a sound long-term investment for most non-professional buyers, provided you focus on locations with strong rental demand and resale liquidity rather than speculative fringe areas.

A "good" long-term Panay Island property purchase typically means buying in the Iloilo City core or its proven suburbs, or in Aklan areas where tourism-driven rentals have an established track record, and making sure the property has a clean title, reasonable price per square meter, and good access.

The key to successful long-term investing in Panay Island is matching your budget and risk tolerance to the property type and location, because even a slower-growth market can deliver strong returns if you buy at a fair price and hold through short-term volatility.

We recommend treating any Panay Island property purchase as a 5- to 10-year commitment, which gives you enough time to ride out interest rate cycles, construction waves, and occasional weather disruptions while capturing the island's underlying growth trajectory.

What sources have we used to write this blog article?

Whether it's in our blog articles or the market analyses included in our property pack about Panay Island, we always rely on the strongest methodology we can … and we don't throw out numbers at random.

We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.

Source	Why It's Authoritative	How We Used It
Bangko Sentral ng Pilipinas (BSP) RPPI Q3 2025	Official central bank residential price index based on bank housing-loan data.	We used it to anchor Panay Island price trends against the national and "outside NCR" benchmarks. We mapped Panay to the "Other Areas" behavior and adjusted using local indicators.
BSP RPPI Q1 2025	Same official dataset with detailed property-type and regional breakouts.	We used it for median transaction prices by property type and to confirm Western Visayas lending activity.
Philippine Statistics Authority (PSA) GRDP	Government's official measure of regional economic growth.	We used it to ground the macro backdrop for Western Visayas and sanity-check price growth assumptions.
PSA Construction Statistics (Building Permits)	Official pipeline indicator for new housing supply.	We used it to gauge whether housing supply is accelerating or cooling and translated this into forecast ranges.
Bureau of Internal Revenue (BIR) Zonal Values	Official government property valuation reference used for taxation.	We used zonal values as a floor benchmark for land values across barangays and compared with asking prices.
Colliers Philippines Residential Report Q1 2025	Major global real estate consultancy with established research methods.	We used it to validate demand patterns outside Metro Manila and how developers are positioning inventory.
Dot Property Iloilo City Listings	Large listing platform publishing average price per square meter from active listings.	We used it as a private-sector proxy for current asking prices in Iloilo City condos and anchored Panay's urban benchmark.
Reuters (BSP/Inflation Coverage Jan 2026)	Top-tier news wire reporting official BSP and PSA figures.	We used it to set the January 2026 interest rate and inflation backdrop affecting mortgage affordability.
Reuters (BSP Rate Cut Dec 2025)	Authoritative reporting on BSP monetary policy decisions.	We used it to track the latest rate cuts and translate them into housing affordability effects.
World Bank Philippines Economic Updates	Major multilateral institution providing baseline macro references.	We used it to triangulate 2026-2027 macro direction and incorporated risk framing into our downside scenarios.
Asian Development Bank (ADB) Growth Forecasts	Key multilateral development bank with standard reference forecasts for Asia.	We used ADB's 2026 growth view to sanity-check our base-case price growth and support medium-term optimism.
International Monetary Fund (IMF) Philippines Page	Global reference for macro surveillance and comparable forecasts.	We used it as a second independent macro forecast source to triangulate growth and inflation expectations.
BSP Monetary Policy Meeting Schedule	Official calendar for BSP policy decisions.	We used it to explain timing risk and how rate decisions could shift Panay price expectations in 2026.
Philippine Information Agency (PIA) Bridge Update	Official government channel reporting DPWH project progress.	We used it to identify a major connectivity project likely to reshape land values near gateway towns.
PIA Jalaur River Project Update	Official channel reporting flagship public infrastructure progress.	We used it as an example of large public works affecting jobs and peri-urban development in Iloilo.
Philippine News Agency (PNA) Tourism Data	Government newswire directly reporting DOT regional tourism figures.	We used tourism strength as a demand driver for rentals in Aklan and translated it into yield expectations.