The rent prices in real estate in Consolacion, in the Cebu 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 Consolacion has risen strongly during the last 6 months. In May, the average price per m² was ₱ 195.47. In the following month the price per m² rose considerably to ₱ 229.58. The price for the following two months in (July, August) had a considerable rise of 122 %. The price per m² has fallen 89 % 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 ₱ 235.89 to ₱ 210.57 during September, and October.
When referring to the price in Consolacion (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during May, is ₱ 79,600. During June the price went through a considerable rise reaching ₱ 114,750. During the following two months (July, August) the average price had a considerable fall of 54 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from ₱ 75,064 to ₱ 56,305, which means a 75 % fall.
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 ₱ 62,205 they are 77 % more affordable than the average price for Consolacion . The properties with the lowest average price have 4 bedrooms, Their price is 24 % more affordable than the average. After that we have properties with 2 bedrooms priced at ₱ 29,000.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 50.31 / m², with an average ₱ 229.25 / m² price in Consolacion. The properties with the most expensive average prices have 1 bedroom. They are 297 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 219.67 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 62,205 it is 26 % more affordable than the average price in Consolacion. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Townhouse". At a price of ₱ 46,110 it is 24 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Townhouse" at an average price of ₱ 173 / m² followed by "House" priced at ₱ 193 / m². "House" is the most affordable type of property with a ₱ 193 / m² value followed by "Townhouse" with an average price of ₱ 173 / m².