The rent prices in real estate in Consolacion, 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 Consolacion has fallen during the last 6 months. In October, the average price per m² was ₱ 277.48. In November this price barely changed remaining at ₱ 270.99 per m². The price for the following two months in (December, January) fell 93 % with regard to the previous two months. The price per m² has had a considerable fall of 77 % 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 ₱ 264.93 to ₱ 204.03 during February, and March.
When referring to the price in Consolacion (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is ₱ 90,336. During November the price went through a considerable rise reaching ₱ 111,488. During the following two months (December, January) the average price fell 91 % 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 147 % during the last two months.
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 ₱ 159,391 they are 93 % more affordable than the average price for Consolacion . The properties with the lowest average price have 4 bedrooms, Their price is 71 % more affordable than the average. After that we have properties with 3 bedrooms priced at ₱ 30,777.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 177 / m², with an average ₱ 202.18 / m² price in Consolacion. The properties with the most expensive average prices have 1 bedroom. They are 68 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 223 / m².
The graph displaying the average rent prices displays the property type "Commercial Lot" as the most affordable one. At an cost of ₱ 159,391 it is 72 % more affordable than the average price in Consolacion. "Condominium" is seen as the second most affordable property type. The most affordable property is "House" followed by "Townhouse". At a price of ₱ 45,141 it is 71 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Commercial Lot" at an average price of ₱ 142 / m² followed by "Condominium" priced at ₱ 147 / m². "House" is the most affordable type of property with a ₱ 177 / m² value followed by "Townhouse" with an average price of ₱ 152 / m².
