The prices in real estate in Mabini, in the Batangas 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 Mabini has had a strong decrease during the last 6 months. In September, the average price per m² was ₱ 78,706. In the following month the price per m² decreased considerably to ₱ 60,963. The price for the following two months in (November, December) had a considerable decrease of 53 with regard to the prior two months. The price per m² has had a considerable deflation of 33 % 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 ₱ 53,298.5 to ₱ 17,667 during January, and February.
Based upon to the price in Mabini (cities), this has fallen considerably in the last 6 months. The average price for September is ₱ 46,214,286. During October the price had a slight fall till ₱ 40,500,000. During the following two months (November, December) the average price fell 85 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₱ 40,170,240 and ₱ 39,933,332 between January and February.