The rent prices in real estate in Davao City, in the Davao Del Sur 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 Davao City has risen strongly during the last 6 months. In April, the average price per m² was ₱ 352.37. In the following month the price per m² rose considerably to ₱ 444.45. In the following two months the price per m² has risen 112 %, going from ₱ 398.41 to ₱ 445.27 per m². The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 421.84 to ₱ 439.34 during August y September
When referring to the price in Davao City (cities), this has fallen in the last 6 months. In our first sample month during April, the average price is ₱ 48,233. In May This price remains at ₱ 49,609. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 48,921 to ₱ 50,779.5. During the last two months the average price has fallen greatly compared to the previous four going from ₱ 49,850.25 to ₱ 30,746.5, which means a 62 % 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 ₱ 30,636 they are 33 % more affordable than the average price for Davao City . The properties with the highest average price have 4 bedrooms, Their price is 49 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₱ 29,313.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 261.32 / m², with an average ₱ 496.84 / m² price in Davao City. The properties with the most expensive average prices have 1 bedroom. They are 52 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 584.17 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 30,636 it is 20 % more affordable than the average price in Davao City. "House" is seen as the second most affordable property type. The most expensive property type is "Condominium" followed by "Commercial Lot". At a price of ₱ 32,108 it is 151 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Commercial Lot" at an average price of ₱ 417 / m² followed by "Condominium" priced at ₱ 451.76 / m². "House" is the most expensive type of property with a ₱ 730.09 / m² value followed by "Apartment" with an average price of ₱ 475.29 / m².