The prices in real estate in Tanay, in the Rizal 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 Tanay has increased strongly during the last 6 months. In October, the average price per m² was ₱ 19,633. In the following month the price per m² increased considerably to ₱ 24,626. The price for the following two months in (December, January) had a considerable increment of 136 %. The price per m² has had a considerable increase of 138 % 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 ₱ 26,073 to ₱ 36,109 during February, and March.
Based upon to the price in Tanay (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 9,495,087. During November the price had a considerable reduction till ₱ 5,979,793. During the following two months (December, January) the average price had a considerable reduction of 49 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 177 % during the last two months.