The prices in real estate in Malaybalay, in the Bukidnon 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 Malaybalay has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 8,663. In the following month the price per m² increased considerably to ₱ 10,395. The price for the following two months in (December, January) had a considerable decrease of 28 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 ₱ 6,101 to during February, and March.
Based upon to the price in Malaybalay (cities), this has fallen considerably in the last 6 months. The price in October is ₱ 2,675,150, rising in November till ₱ 2,818,938. During the following two months (December, January) the average price had a considerable reduction of 54 % 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 ₱ 2,115,188.75 to , which means a 0 % fall.
