The prices in real estate in San Mateo, in the Rizal region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in San Mateo has fallen in the last 6 months. In February, the average price per m² was ₱ 35,226. In March this price pretty much remained the same at a value of ₱ 36,817 per m². The price for the following two months in (April, May) had a considerable increment of 117 %. The price per m² has had a considerable deflation of 48 % 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 ₱ 39,131.5 to ₱ 18,882 during June, and July.
Based upon to the price in San Mateo (cities), this has gone up in the last 6 months. The price in February is ₱ 2,108,399, rising in March till ₱ 2,413,193. During the following two months (April, May) the average price had a considerable increase of 154 % 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 ₱ 2,869,660 to ₱ 1,209,806, which means a 42 % fall.