The prices in real estate in Muntinlupa City, in the Rizal 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 Muntinlupa City has had a strong decrease during the last 6 months. In April, the average price per m² was ₱ 135,407. In the following month the price per m² decreased considerably to ₱ 57,180. The price for the following two months in (June, July) had a considerable decrease of 63 with regard to the prior two months. The price per m² has had a considerable deflation of 38 % 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 ₱ 78,692.25 to ₱ 30,157.5 during August, and September.
Based upon to the price in Muntinlupa City (cities), this has fallen considerably in the last 6 months. The average price for April is ₱ 9,464,947. During May the price had a considerable reduction till ₱ 5,719,104. During the following two months (June, July) the average price had a considerable reduction of 66 % 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 ₱ 6,305,915 to ₱ 1,606,346, which means a 25 % fall.
