The prices in real estate in Malolos, 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 Malolos has had a strong decrease during the last 6 months. In May, the average price per m² was ₱ 43,389. In the following month the price per m² decreased to ₱ 37,825. The price for the following two months in (July, August) had a considerable decrease of 76 with regard to the prior two months. The price per m² has increased 109 % 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 ₱ 35,777.5 to ₱ 38,925 during September, and October.
Based upon to the price in Malolos (cities), this has fallen considerably in the last 6 months. The average price for May is ₱ 3,775,510. During June the price had a slight fall till ₱ 3,281,520. During the following two months (July, August) 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 pretty much remained the same with regard to the previous average values going from an average value of ₱ 3,219,583 and ₱ 3,356,301.5 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 3,797,969 they are 42 % more affordable than the average price for Malolos. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 3,748,759.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 38,592 / m², with an average ₱ 43,955 / m² price in Malolos. The properties with the highest average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 41,531 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 3,797,969 it is 21 % cheaper than the average price in Malolos. "Lot" is seen as the second most affordable property type. The cheapest type property is "Lot" followed by "House". At a price of ₱ 3,012,828 it is 7 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 30,772 / m² followed by "House" priced at ₱ 32,863 / m². "House" is the cheapest type of property with a ₱ 32,863 / m² value followed by "Lot" with an average price of ₱ 30,772 / m².