The rent prices in real estate in Dumaguete, in the Negros Oriental region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Dumaguete has had a strong fall during the last 6 months. In October, the average price per m² was ₱ 338. In November this price barely changed remaining at ₱ 334 per m². The price for the following two months in (December, January) had a considerable fall of 58 with regard to the previous two months. 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 ₱ 265.75 to ₱ 258 during February y March
When referring to the price in Dumaguete (cities), this has risen in the last 6 months. The rent price in October is ₱ 17,228, rising in November till ₱ 18,313. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 17,770.5 to ₱ 17,946. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 118 % 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 ₱ 25,755 they are 56 % more affordable than the average price for Dumaguete . The properties with the lowest average price have 2 bedrooms, Their price is 21 % more affordable than the average. After that we have properties with 3 bedrooms priced at ₱ 18,529.
With regard to the average price per m², those properties with 1 bedroom are the most expensive ones at a cost of ₱ 319 / m², with an average ₱ 304 / m² price in Dumaguete. The properties with the most expensive average prices have 2 bedrooms. They are 83 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 341 / m².
The graph displaying the average rent prices displays the property type "Commercial Lot" as the most affordable one. At an cost of ₱ 25,755 it is 33 % more affordable than the average price in Dumaguete. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Condominium" followed by "House". At a price of ₱ 18,529 it is 64 % 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 ₱ 141 / m² followed by "Condominium" priced at ₱ 231 / m². "House" is the most expensive type of property with a ₱ 341 / m² value followed by "Apartment" with an average price of ₱ 321 / m².
