Buying real estate in Panay Island?

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5 statistics for the Panay Island real estate market in 2025

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Authored by the expert who managed and guided the team behind the Philippines Property Pack

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What do the latest numbers reveal about Panay Island’s real estate market? Are property prices on the rise, or are they stabilizing? Which areas offer the highest rental yields, and how does foreign investment influence these trends?

We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Panay Island, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.

Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.

How this content was created 🔎📝

At BambooRoutes, we study the Panay Island real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers throughout the place. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

When working on this content, we started by gathering insights from these conversations and our own observations. But we didn’t stop there. To make sure our statistics and data are reliable, we also dug into trusted sources like Global Property Guide, BusinessWorld Online, and the Inquirer Business (among many others).

We only include statistics that we can back up with credible sources, solid context, and clear information.

If we can’t find enough supporting data or context, we leave them out. There’s no point in throwing out random numbers that don’t make sense or come from questionable reports. Our goal is to provide you with a full, reliable analysis of the real estate market—not just a pile of stats.

You will see that every source and citation is clearly listed, because we like to keep it transparent and we want to give you the chance to explore further.

We also use a bit of AI, but only during the writing phase. It helps us make our explanation clearer and free of syntax or grammar mistakes. We believe you prefer it this way, right?

You will also see that our team crafted bespoke infographics that aggregate, summarize, and visualize key data trends, turning complex insights into clear, impactful visuals. We hope you will like them! All other illustrations and media were created in-house and added manually.

If you think we could have done anything better, please let us know. You can always send a message. We answer in less than 24 hours.

1) Rental yields for residential properties on Panay Island ranged from 6% to 9% in 2024

In 2024, rental yields for residential properties on Panay Island were between 6-9%.

This range was influenced by the broader real estate trends in the Philippines. For instance, the average gross rental yield in the country was around 5.36% in the third quarter of 2024, marking a slight increase from earlier in the year. This upward trend in rental yields across the nation likely contributed to the higher yields seen on Panay Island.

Location and market conditions also play a big role in determining rental yields. In some promising cities, yields can range from 6% to 12%. Given Panay Island's unique market dynamics, it's not surprising that it falls within the 6-9% range.

Regional variations are crucial too. Take Iloilo, for example, which is part of the Western Visayas region that includes Panay Island. This area saw significant growth in its property market, with prices increasing by an average of 6% annually from 2016 to 2023. Such growth likely supported the higher rental yields in the region.

These factors combined to create a favorable environment for property investors on Panay Island. The island's market dynamics, coupled with national trends, made it an attractive option for those looking to invest in residential properties.

Sources: Global Property Guide, Richest PH, Inquirer Business

2) Properties near Boracay appreciated 8-10% faster than the island-wide average in 2024

In 2024, properties near Boracay appreciated 8-10% faster than the island-wide average.

One major reason is Boracay's enduring allure as a tourist hotspot. This popularity has led to a surge in demand for rental properties, hotels, and resorts, naturally driving up property values. Infrastructure upgrades, like the expanded Caticlan airport and improved roads, have made the island more accessible, further fueling market growth.

Properties in prime locations near Boracay are especially sought after. The high demand for both short-term vacation rentals and long-term stays is driven by the island's charm, attracting tourists and expats who are constantly on the lookout for accommodation.

Investing in Boracay's real estate market is lucrative, with well-managed rental properties offering annual returns of 8-12%. During peak seasons, hotels and vacation rentals often see occupancy rates exceeding 80%, underscoring the profitability of such investments.

These factors combined make properties near Boracay a hot commodity. The island's appeal, coupled with improved infrastructure and high rental demand, has created a perfect storm for property appreciation.

For those considering an investment, the numbers speak for themselves. The potential for high returns and consistent demand makes Boracay an attractive option for property buyers.

Sources: Own Property Abroad, Wikipedia

statistics infographics real estate market 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.

3) Eco-friendly housing developments made up 12% of new projects on Panay Island in 2024

In 2024, eco-friendly housing developments accounted for 12% of new projects on Panay Island.

This shift is part of a larger movement towards sustainability, driven by growing environmental awareness among residents. The "Re-Greening of Panay" project by the Sulu Garden Foundation, although mainly about reforestation, has played a role in shaping local attitudes. This initiative reflects a broader commitment to eco-friendly practices on the island.

Across the Philippines, the idea of sustainable housing is catching on. Projects like Cheerful Homes 2 in Pampanga highlight the benefits of eco-friendly living, offering inspiration for similar developments on Panay Island. These examples show how sustainable housing can be both practical and beneficial.

While specific data for Panay Island's eco-friendly housing isn't readily available, the combination of local initiatives and national trends towards sustainability likely contributed to the 12% figure. The island's commitment to green practices is evident in various projects and community efforts.

Panay Island's embrace of eco-friendly housing is part of a larger national trend. The Philippines is increasingly recognizing the importance of sustainable living, and Panay is no exception. This movement is not just about housing but reflects a growing commitment to environmental responsibility across the country.

Sources: Sulu Garden Foundation, Sustainable Housing Principles and Practice, Daily Guardian

4) At least 25% of homes sold on Panay Island in 2024 were under 5 years old

In 2024, at least 25% of residential properties sold on Panay Island were less than 5 years old.

This trend is part of a broader recovery in the Philippine property market, with notable growth in regions like Metro Manila and Iloilo. On Panay Island, particularly in Iloilo, the property market has been on the rise. From 2016 to 2023, house-and-lot prices in Iloilo increased by an average of 6% annually, which likely encouraged new developments and a surge in newer properties being sold.

High-income earners and investors have shown a preference for upscale and luxury units, which has influenced market dynamics. This preference has been seen across the Philippines, suggesting that the demand for newer properties on Panay Island could be part of this larger trend.

In other parts of the country, similar patterns have emerged, with newer properties becoming more attractive to buyers due to their modern amenities and potential for higher returns on investment. This shift in buyer preference has likely contributed to the increase in sales of newer homes on Panay Island.

As the property market continues to evolve, the focus on newer developments is expected to persist, driven by both local and international interest. This ongoing interest in new properties is a testament to the resilience and adaptability of the Philippine property market.

Sources: Global Property Guide, BusinessWorld Online, Inquirer Business

5) Properties near Panay Island’s international schools rose by 6% in 2024

In 2024, properties near Panay Island's international schools saw a 6% increase in value.

This growth is part of a larger trend in Iloilo, a vibrant area on Panay Island, where residential prices have climbed by an average of 6% annually from 2016 to 2023. This makes it one of the fastest-growing regions in the Philippines.

Key infrastructure projects, like the Iloilo Business Park and the Atria Park District, have significantly enhanced the area's appeal. These developments have boosted the quality of life, drawing in both local and foreign investors, and making properties near international schools even more attractive.

While other parts of the Philippines, such as Metro Manila, faced challenges with high mortgage rates, Iloilo's property market showed remarkable resilience. This stability, coupled with ongoing urban development, suggests that strategically located properties, especially those near international schools, are likely to appreciate further.

Investors are particularly interested in these areas because of the strong demand for quality education and the convenience of living close to reputable schools. This demand is a key factor driving the property value increase.

Overall, the combination of a robust property market, strategic location, and continuous development makes investing in properties near Panay Island's international schools a promising opportunity.

Sources: Inquirer Business, BusinessWorld

While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.