The rent prices in real estate in Lapu-lapu, in the Cebu region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Lapu-lapu has risen during the last 6 months. In September, the average price per m² was ₱ 586.66. In October this price barely changed remaining at ₱ 589.1 per m². In the following two months the price per m² has practically remained the same, going from ₱ 587.88 to ₱ 607.79 per m². The price per m² has risen 112 % 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 ₱ 597.84 to ₱ 668.85 during January, and February.
When referring to the price in Lapu-lapu (cities), this has fallen considerably in the last 6 months. The average price for September is ₱ 81,617. During October the price had a considerable fall till ₱ 59,882. During the following two months (November, December) the average price had a considerable fall of 70 % 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 ₱ 60,031.25 to ₱ 35,632, which means a 59 % fall.
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 ₱ 32,370 they are 30 % more affordable than the average price for Lapu-lapu . The properties with the highest average price have 3 bedrooms, Their price is 569 % more expensive than the average. After that we have properties with 4 bedrooms priced at ₱ 63,844.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 343 / m², with an average ₱ 693.61 / m² price in Lapu-lapu. The properties with the most expensive average prices have 3 bedrooms. They are 59 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 864.18 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 32,370 it is 51 % more affordable than the average price in Lapu-lapu. "Villa" is seen as the second most affordable property type. The most expensive property type is "Lot" followed by "House". At a price of ₱ 64,707 it is 157 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of ₱ 308 / m² followed by "Villa" priced at ₱ 409 / m². "Condominium" is the most affordable type of property with a ₱ 621 / m² value followed by "Apartment" with an average price of ₱ 575 / m².