The rent prices in real estate in Cebu City, in the Cebu 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 Cebu City has fallen during the last 6 months. In April, the average price per m² was ₱ 667.08. In the following month the price per m² rose to ₱ 733.45. The price for the following two months in (June, July) had a considerable fall of 84 with regard to the previous two months. The price per m² has fallen 92 % 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 ₱ 643.31 to ₱ 594.41 during August, and September.
When referring to the price in Cebu City (cities), this has fallen in the last 6 months. The average price for April is ₱ 43,225. During May the price had a slight fall till ₱ 37,400. During the following two months (June, July) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of ₱ 39,272 and ₱ 37,519.5 between 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 ₱ 37,245 they are 22 % more affordable than the average price for Cebu City . The properties with the highest average price have 4 bedrooms, Their price is 82 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₱ 47,644.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 268.02 / m², with an average ₱ 608.45 / m² price in Cebu City. The properties with the most expensive average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 661.39 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₱ 37,245 it is 11 % more affordable than the average price in Cebu City. "Condominium" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "House And Lot". At a price of ₱ 47,038 it is 49 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House And Lot" at an average price of ₱ 254.64 / m² followed by "Townhouse" priced at ₱ 276.45 / m². "Condominium" is the most expensive type of property with a ₱ 792.93 / m² value followed by "House" with an average price of ₱ 594.32 / m².