The prices in real estate in Pili, in the Camarines Sur region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Pili has increased strongly during the last 6 months. In October, the average price per m² was ₱ 48,040. In the following month the price per m² increased to ₱ 54,860. The price for the following two months in (December, January) had a considerable increment of 122 %. The price per m² has had a considerable increase of 125 % 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 ₱ 57,174.75 to ₱ 71,698.5 during February, and March.
Based upon to the price in Pili (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₱ 4,129,097. During November the price went through a considerable rise reaching ₱ 5,389,728. During the following two months (December, January) the average price had a considerable reduction of 83 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % during the last two months.
