The rent prices in real estate in Bacolod, in the Negros Occidental region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Bacolod has had a strong fall during the last 6 months. In October, the average price per m² was ₱ 697. In November this price barely changed remaining at ₱ 697 per m². The price for the following two months in (December, January) had a considerable fall of 63 with regard to the previous two months. The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 566.75 to ₱ 549 during February y March
When referring to the price in Bacolod (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₱ 25,672. In November This price remains at ₱ 25,672. During the following two months (December, January) the average price had a considerable fall of 68 % with regard to the previous two months. 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 ₱ 21,554.5 to ₱ 19,150 in February and March.
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 ₱ 23,678 they are 59 % more affordable than the average price for Bacolod . The properties with the lowest average price have 3 bedrooms, Their price is 10 % more affordable than the average. After that we have properties with 4 bedrooms priced at ₱ 17,168.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of ₱ 175 / m², with an average ₱ 671 / m² price in Bacolod. The properties with the most affordable average prices have 1 bedroom. They are 56 % more affordable than the average followed by properties with 4 bedrooms with a price at ₱ 277 / m².
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 23,678 it is 37 % more affordable than the average price in Bacolod. "Lot" is seen as the second most affordable property type. The most affordable property is "House" followed by "Townhouse". At a price of ₱ 16,464 it is 27 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Lot" at an average price of ₱ 211 / m² followed by "Townhouse" priced at ₱ 216 / m². "House" is the most affordable type of property with a ₱ 277 / m² value followed by "Condominium" with an average price of ₱ 253 / m².
