The prices in real estate in Orani, in the Bataan 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 Orani has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 72,747. In November this price pretty much remained the same at a value of ₱ 71,914 per m². The price for the following two months in (December, January) had a considerable decrease of 42 with regard to the prior two months. The price per m² has had a considerable deflation of 26 % 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 ₱ 51,297 to ₱ 13,109.5 during February, and March.
Based upon to the price in Orani (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is ₱ 9,211,400. In November This price remains at ₱ 8,811,400. During the following two months (December, January) the average price fell 86 % 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 ₱ 8,385,450 and ₱ 8,791,666 between February and March.
