The rent prices in real estate in Balanga, in the Bataan 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 Balanga has risen strongly during the last 6 months. In September, the average price per m² was ₱ 241. In October this price barely changed remaining at ₱ 241 per m². In the following two months the price per m² has practically remained the same, going from ₱ 241 to ₱ 236.5 per m². The price per m² has had a considerable rise of 147 % 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 ₱ 238.75 to ₱ 352 during January, and February.
When referring to the price in Balanga (cities), this has risen considerably in the last 6 months. In our first sample month during September, the average price is ₱ 6,916. In October This price remains at ₱ 6,916. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 6,916 to ₱ 7,142. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 1601 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of ₱ 112,554 they are 94 % more affordable than the average price for Balanga . The properties with the lowest average price have 1 bedroom, Their price is 94 % more affordable than the average. After that we have properties with 3 bedrooms priced at ₱ 6,594.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 190 / m², with an average ₱ 352 / m² price in Balanga. The properties with the most affordable average prices have 1 bedroom. They are 42 % more affordable than the average followed by properties with 3 bedrooms with a price at ₱ 195 / m².
With regard to the average price based on the property in Balanga we can see that the most affordable type of property is "House And Lot" at ₱ 6,559, which is 94 % cheaper than the average price. "House And Lot" has the most affordable price. This price is 94 % more affordable than the average price aforementioned.
According to the average area price by m² the most affordable property type is "House And Lot with an average cost of ₱ 190 / m². "House And Lot" with an average price of ₱ 190 / m² has the most affordable price and would be directed at less affluent cities.