What You Need to Know Going Into 2026: Top 5 Frequently Asked Questions About Property Appraisals in the Manila Real Estate Market
- bedandgoinc
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December 1,2025
As Manila's real estate market continues to grow through 2024 and 2025—with new condo developments, increasing land values, and rising demand for both rentals and sales—the role of accurate property appraisals becomes more important than ever.
Appraisals help buyers, sellers, and investors stay aligned with real market conditions, especially as prices shift across key business districts like Makati, BGC, Ortigas, and Manila Bay.
Going into 2026, the appraisal process remains a critical step in ensuring fair, transparent, and informed real estate transactions. Below are the top questions people ask about property appraisals, updated with the latest conditions from 2024–2025 as the basis for what to expect next year.
1. What Is the Average Cost of Property Appraisal in Manila?
Based on 2024–2025 market rates, appraisal fees in Metro Manila typically range from ₱3,000 to ₱15,000. These prices are influenced by:
Location (prime areas like Makati, BGC, and Ortigas cost more to appraise)
Property type and size (condos vs. houses vs. commercial units)
Complexity of valuation (older homes, irregular lots, or income-generating properties require additional analysis)
These pricing trends form the basis for expected appraisal costs going into 2026. With Manila real estate values rising and becoming more data-driven, appraisal fees may remain within the same range, with slight increases for high-value or commercial properties.
2. How Long Does the Appraisal Process Usually Take?
Using 2024–2025 standards as a guide, appraisals typically take 3 days to 2 weeks, depending on:
the appraiser's schedule
property size and complexity
completeness of documents
the need for on-site inspections
Condos in Makati, BGC, and Ortigas are usually completed faster (within 3–7 days), while larger or unique properties may take longer.
These timelines are expected to remain similar in 2026 unless demand increases significantly.
3. Can I Appraise My Property Myself?
While owners can estimate property value using online listings or broker comparisons, DIY appraisals are not accepted for official purposes such as:
bank loans
refinancing
tax filings
legal transactions
Professional appraisers (licensed or bank-accredited) follow industry standards, comparable sales data, and market-driven valuation methods—ensuring unbiased and precise results. With the Manila market becoming more competitive heading into 2026, relying on professional appraisals is more important than ever.
4. Is a Property Appraisal Required When Selling Real Estate in Manila?
While not strictly required by law, in practice, appraisals are almost always needed, especially when:
banks are involved (loan approval)
buyers request a fair valuation
properties are high-value or investment-grade
In 2024–2025, buyers and financial institutions have become increasingly strict with property valuations. This trend is expected to continue into 2026, making appraisals an essential step if you want a smooth and credible transaction.
5. What Documents Are Needed for a Property Appraisal?
Based on current 2024–2025 requirements, appraisers typically ask for:
Basic Documents
Certificate of Title (TCT/CCT)
Latest Tax Declaration
Real Property Tax (RPT) receipt
Lot plan or location map
Floor plan or building plan (for houses/condos)
Additional Supporting Files
Renovation records
Photos of the property
Lease agreements (if tenant-occupied)
Occupancy permit or zoning permit
These documentation standards are expected to remain the same in 2026, especially as more appraisal companies adopt digital systems and remote assessment methods.
Final Thoughts: Preparing for Property Appraisals in 2026
As Manila real estate continues evolving, understanding the appraisal process is essential—whether you're selling, buying, investing, or applying for a housing loan.
Current trends from 2024–2025 provide a clear foundation for what to expect in 2026:
Appraisal costs remain moderate and predictable
Timelines are manageable with proper scheduling
Professional appraisal remains the only credible option
Documentation is key to faster processing
Banks and investors continue to rely heavily on valuation reports
By preparing your documents early and choosing a reputable appraisal company, you can navigate 2026 with confidence and accuracy.
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