The rent prices in real estate in Cavite City, in the Cavite region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Cavite City has fallen during the last 6 months. In September, the average price per m² was ₱ 516.29. In October this price barely changed remaining at ₱ 514.79 per m². In the following two months the price per m² has practically remained the same, going from ₱ 515.54 to ₱ 508.2 per m². The price per m² has had a considerable fall of 83 % 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 ₱ 511.87 to ₱ 422.64 during January, and February.
When referring to the price in Cavite City (cities), there have hardly been any changes in the last 6 months. The rent price in September is ₱ 71,556, rising in October till ₱ 80,176. During the following two months (November, December) the price has had an average rise from ₱ 75,866 to ₱ 80,077. During the last two months the average price has fallen greatly compared to the previous four going from ₱ 77,971.5 to ₱ 65,071.5, which means a 83 % fall.
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 ₱ 80,286 they are 90 % more affordable than the average price for Cavite City . The properties with the lowest average price have 3 bedrooms, Their price is 75 % more affordable than the average. After that we have properties with 2 bedrooms priced at ₱ 10,272.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 153 / m², with an average ₱ 415.38 / m² price in Cavite City. The properties with the most affordable average prices have 1 bedroom. They are 42 % more affordable than the average followed by properties with 4 bedrooms with a price at ₱ 241 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₱ 80,286 it is 90 % more affordable than the average price in Cavite City. "Lot" is seen as the second most affordable property type. The most affordable property is "Condominium" followed by "Townhouse". At a price of ₱ 11,332 it is 86 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Townhouse" at an average price of ₱ 151 / m² followed by "Condominium" priced at ₱ 161 / m². "House" is the most affordable type of property with a ₱ 241 / m² value followed by "Lot" with an average price of ₱ 173 / m².
