The prices in real estate in Mandaue, in the Cebu 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 Mandaue has had a strong decrease during the last 6 months. In April, the average price per m² was ₱ 103,940. In May this price pretty much remained the same at a value of ₱ 106,269 per m². The price for the following two months in (June, July) decreased 93 % with regard to the prior two months. The price per m² has had a considerable deflation of 47 % 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 ₱ 101,356.5 to ₱ 47,409 during August, and September.
Based upon to the price in Mandaue (cities), these have remained the same in the last 6 months. The price in April is ₱ 7,784,775, rising in May till ₱ 8,625,323. In the following two months the average price has remained the same with regard to the previous two months from ₱ 8,205,049 to ₱ 8,575,120. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 8,390,084 to ₱ 5,624,364, which means a 67 % fall.