From their peaks in mid-2005, sales of existing homes have declined more than 10 percent, and sales of new homes have fallen by 30 percent.
However, let me assure everyone that our decision to unwind COVID-19 responses will be gradual, prudent, and evidence-based. While the timing for the end of the pandemic remains uncertain, the BSP is committed to do whatever is necessary to help the Philippine economy recover from the COVID-19 crisis and to build its resilience against future crises. Thank you and a pleasant afternoon to all!