The prices in real estate in Bantay, in the Ilocos Sur 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 Bantay has increased strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² increased considerably to ₱ 177,350. The price for the following two months in (January, February) had a considerable increment of 116 %. The price per m² has had a considerable deflation of 81 % 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 ₱ 95,624.5 to ₱ 77,340.5 during March, and April.
Based upon to the price in Bantay (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching ₱ 9,995,267. During the following two months (January, February) the average price had a considerable increase of 127 % 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 ₱ 5,670,653 to ₱ 4,703,273, which means a 83 % fall.
