The prices in real estate in Abaca, in the Albay 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 Abaca has increased strongly during the last 6 months. In September, the average price per m² was . In the following month the price per m² increased considerably to ₱ 64,214. The price for the following two months in (November, December) had a considerable increment of 199 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 47,937.5 to ₱ 46,892.5 during January y February
Based upon to the price in Abaca (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is . During October the price went through a considerable rise reaching ₱ 5,438,400. During the following two months (November, December) the average price had a considerable increase of 196 % 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 ₱ 4,020,939.25 to ₱ 2,617,925, which means a 65 % fall.