The prices in real estate in Bacolor, in the Pampanga region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Bacolor has increased strongly during the last 6 months. In November, the average price per m² was ₱ 28,004. In the following month the price per m² increased considerably to ₱ 47,170. In the following two months the price per m² has increased 113 %, going from ₱ 37,587 to ₱ 42,309 per m². The price per m² has had a considerable deflation of 71 % 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 ₱ 39,948 to ₱ 28,354 during March, and April.
Based upon to the price in Bacolor (cities), these have remained the same in the last 6 months. The average price during our first sample month during November, is ₱ 10,746,108. During December the price went through a considerable rise reaching ₱ 18,546,818. During the following two months (January, February) the average price had a considerable reduction of 73 % 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 ₱ 12,678,844 to ₱ 7,035,017.5, which means a 55 % fall.
