The rent prices in real estate in Iloilo City, in the Iloilo 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 Iloilo City has fallen during the last 6 months. In October, the average price per m² was ₱ 608.56. In November this price barely changed remaining at ₱ 614.93 per m². The price for the following two months in (December, January) fell 87 % 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 ₱ 572.11 to ₱ 525.92 during February, and March.
When referring to the price in Iloilo City (cities), this has fallen in the last 6 months. The rent price in October is ₱ 31,416, rising in November till ₱ 34,657. During the following two months (December, January) the average price had a considerable fall of 85 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from ₱ 30,509.75 to ₱ 27,834.5 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of ₱ 30,391 they are 59 % more affordable than the average price for Iloilo City . The properties with the lowest average price have 1 bedroom, Their price is 23 % more affordable than the average. After that we have properties with 2 bedrooms priced at ₱ 12,540.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of ₱ 148 / m², with an average ₱ 552.6 / m² price in Iloilo City. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 148 / m².
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 30,391 it is 59 % more affordable than the average price in Iloilo City. "Townhouse" is seen as the second most affordable property type. The most affordable property is "House" followed by "House And Lot". At a price of ₱ 23,910 it is 14 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Condominium" at an average price of ₱ 148 / m² followed by "House And Lot" priced at ₱ 327 / m². "Lot" is the most affordable type of property with a ₱ 370 / m² value followed by "Townhouse" with an average price of ₱ 365 / m².
