The rent prices in real estate in Mabalacat, in the Pampanga 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 Mabalacat has fallen during the last 6 months. In October, the average price per m² was ₱ 515.34. In the following month the price per m² fell to ₱ 460.04. In the following two months the price per m² has practically remained the same, going from ₱ 487.69 to ₱ 484.44 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 ₱ 486.07 to ₱ 476.53 during February y March
When referring to the price in Mabalacat (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is ₱ 55,635. In November This price remains at ₱ 56,811. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 56,223 to ₱ 54,663.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of ₱ 55,443.25 and ₱ 52,999.5 between February and March.
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 ₱ 55,720 they are 57 % more affordable than the average price for Mabalacat . The properties with the highest average price have 4 bedrooms, Their price is 130 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₱ 70,000.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 436.58 / m², with an average ₱ 467.52 / m² price in Mabalacat. The properties with the most expensive average prices have 1 bedroom. They are 37 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 471.4 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 55,720 it is 88 % more affordable than the average price in Mabalacat. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Lot" followed by "Condominium". At a price of ₱ 51,125 it is 21 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Townhouse" at an average price of ₱ 111 / m² followed by "Apartment" priced at ₱ 349 / m². "Condominium" is the most expensive type of property with a ₱ 574 / m² value followed by "House" with an average price of ₱ 524.47 / m².
