The prices in real estate in Santiago, in the Isabela 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 Santiago has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 43,241. In the following month the price per m² increased considerably to ₱ 52,839. The price for the following two months in (December, January) had a considerable decrease of 55 with regard to the prior two months. 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 ₱ 37,206 to ₱ 37,872.5 during February y March
Based upon to the price in Santiago (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₱ 29,149,983. In November This price remains at ₱ 29,149,983. During the following two months (December, January) the average price had a considerable reduction of 5 % 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 ₱ 15,278,421 to ₱ 3,017,375, which means a 20 % fall.
