The prices in real estate in Agoncillo, in the Batangas region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Agoncillo has had a strong decrease during the last 6 months. In November, the average price per m² was ₱ 133,760. In the following month the price per m² increased to ₱ 151,364. The price for the following two months in (January, February) had a considerable decrease of 76 with regard to the prior two months. The price per m² has had a considerable deflation of 69 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of ₱ 125,675 to ₱ 86,307 during March, and April.
Based upon to the price in Agoncillo (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is ₱ 82,498,333. In December This price remains at ₱ 84,118,333. During the following two months (January, February) the average price had a considerable reduction of 71 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 71,284,168 to ₱ 47,794,376, which means a 67 % fall.
