The prices in real estate in Balagtas, in the Bulacan 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 Balagtas has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 18,761. In the following month the price per m² decreased to ₱ 17,617. The price for the following two months in (December, January) decreased 86 % with regard to the prior two months. The price per m² has had a considerable deflation of 46 % 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 ₱ 16,948 to ₱ 7,790.5 during February, and March.
Based upon to the price in Balagtas (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 5,296,867. During November the price had a considerable reduction till ₱ 4,357,867. During the following two months (December, January) the average price had a considerable reduction of 82 % 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 ₱ 4,393,517 to ₱ 1,220,625, which means a 28 % fall.
