The prices in real estate in Calamba, in the Laguna 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 Calamba has had a strong decrease during the last 6 months. In April, the average price per m² was ₱ 42,184. In the following month the price per m² decreased considerably to ₱ 35,774. In the following two months the price per m² has increased 113 %, going from ₱ 38,979 to ₱ 44,180 per m². The price per m² has had a considerable deflation of 66 % 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 ₱ 41,579.5 to ₱ 27,462 during August, and September.
Based upon to the price in Calamba (cities), this has fallen considerably in the last 6 months. The average price for April is ₱ 3,578,014. During May the price had a slight fall till ₱ 3,251,723. In the following two months the average price has remained the same with regard to the previous two months from ₱ 3,414,868.5 to ₱ 3,496,002. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 3,455,435.25 to ₱ 1,788,505, which means a 52 % fall.