The rent prices in real estate in Caloocan, in the Metro Manila region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Caloocan has risen during the last 6 months. In September, the average price per m² was ₱ 358.81. In October this price barely changed remaining at ₱ 352.24 per m². In the following two months the price per m² has risen 105 %, going from ₱ 355.52 to ₱ 373.36 per m². The price per m² has risen 108 % 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 ₱ 364.45 to ₱ 395.27 during January, and February.
When referring to the price in Caloocan (cities), this has fallen considerably in the last 6 months. The average price for September is ₱ 101,731. During October the price had a considerable fall till ₱ 26,350. During the following two months (November, December) the average price had a considerable fall of 45 % 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 had a strong increase of 118 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of ₱ 62,700 they are 90 % more affordable than the average price for Caloocan . The properties with the lowest average price have 1 bedroom, Their price is 26 % more affordable than the average. After that we have properties with 2 bedrooms priced at ₱ 19,173.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 111 / m², with an average ₱ 372.18 / m² price in Caloocan. The properties with the most affordable average prices have 1 bedroom. They are 34 % more affordable than the average followed by properties with 2 bedrooms with a price at ₱ 173 / m².
The graph displaying the average rent prices displays the property type "Lot" as the most affordable one. At an cost of ₱ 62,700 it is 90 % more affordable than the average price in Caloocan. "House" is seen as the second most affordable property type. The most affordable property is "Commercial Lot" followed by "House And Lot". At a price of ₱ 7,369 it is 86 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Lot" at an average price of ₱ 101 / m² followed by "House And Lot" priced at ₱ 105 / m². "Commercial Lot" is the most affordable type of property with a ₱ 144 / m² value followed by "House" with an average price of ₱ 111 / m².
