The prices in real estate in Balagtas, in the Bulacan 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 Balagtas has had a strong decrease during the last 6 months. In September, the average price per m² was ₱ 18,761. In October this price pretty much remained the same at a value of ₱ 18,761 per m². The price for the following two months in (November, December) decreased 88 % with regard to the prior two months. The price per m² has had a considerable deflation of 45 % 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 ₱ 17,647.5 to ₱ 7,981.5 during January, and February.
Based upon to the price in Balagtas (cities), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is ₱ 5,296,867. In October This price remains at ₱ 5,296,867. During the following two months (November, December) the average price had a considerable reduction of 82 % 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 ₱ 4,824,233.5 to ₱ 1,787,000, which means a 37 % fall.