The rent prices in real estate in Alcoy, in the Cebu region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Alcoy has risen strongly during the last 6 months. In April, the average price per m² was ₱ 509. In the following month the price per m² rose considerably to ₱ 972. In the following two months the price per m² has risen 105 %, going from ₱ 740.5 to ₱ 780.37 per m². The price per m² has fallen 88 % 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 ₱ 760.43 to ₱ 665.58 during August, and September.
When referring to the price in Alcoy (cities), this has fallen in the last 6 months. In our first sample month during April, the average price is ₱ 25,255. In May This price remains at ₱ 25,064. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 25,159.5 to ₱ 24,421.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from ₱ 24,790.5 to ₱ 22,005 in August and September.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of ₱ 20,984 they are 36 % more affordable than the average price for Alcoy . The properties with the highest average price have 2 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 4 bedrooms priced at ₱ 22,067.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 499 / m², with an average ₱ 660.42 / m² price in Alcoy. The properties with the most affordable average prices have 2 bedrooms. They are 4 % more affordable than the average followed by properties with 4 bedrooms with a price at ₱ 576 / m².
The graph displaying the average rent prices displays the property type "Commercial Lot" as the most expensive one. At an cost of ₱ 20,984 it is 4 % more expensive than the average price in Alcoy. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Commercial Lot". At a price of ₱ 21,844 it is 5 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Commercial Lot" at an average price of ₱ 566 / m² followed by "House" priced at ₱ 576 / m². "House" is the most affordable type of property with a ₱ 576 / m² value followed by "Commercial Lot" with an average price of ₱ 566 / m².