The prices in real estate in Batangas, in the Batangas City 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 Batangas has had a strong decrease during the last 6 months. In September, the average price per m² was ₱ 24,865. In October this price pretty much remained the same at a value of ₱ 23,678 per m². The price for the following two months in (November, December) decreased 86 % with regard to the prior two months. The price per m² has had a considerable deflation of 78 % 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 ₱ 22,579.5 to ₱ 17,566.5 during January, and February.
Based upon to the price in Batangas (cities), this has fallen considerably in the last 6 months. The average price for September is ₱ 8,879,607. During October the price had a considerable reduction till ₱ 3,256,004. During the following two months (November, December) the average price had a considerable reduction of 54 % 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 ₱ 4,658,323.5 to ₱ 3,651,684.5, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 4,284,802 they are 24 % more affordable than the average price for Batangas. The properties with the highest average price have 2 bedrooms, Their price is 741 % more costly than the average. After that we have properties with 4 bedrooms priced at ₱ 5,585,257.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 1,042 / m², with an average ₱ 19,005 / m² price in Batangas. The properties with the highest average prices have 2 bedrooms. They are 3047 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 79,645 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 4,284,802 it is 18 % cheaper than the average price in Batangas. "House And Lot" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Lot". At a price of ₱ 19,794,925 it is 676 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of ₱ 34,209 / m² followed by "House And Lot" priced at ₱ 45,183 / m². "Commercial Lot" is the most costly type of property with a ₱ 767,363 / m² cost followed by "Apartment" with an average price of ₱ 179,188 / m².