The prices in real estate in Mactan, in the Cebu 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 Mactan has increased strongly during the last 6 months. In October, the average price per m² was . In the following month the price per m² increased considerably to ₱ 116,346. The price for the following two months in (December, January) had a considerable decrease of 0 with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 ₱ 29,086.5 to during February, and March.
Based upon to the price in Mactan (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching ₱ 5,789,406. During the following two months (December, January) the average price had a considerable reduction of 0 % 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 ₱ 1,447,351.5 to , which means a 0 % fall.
