The rent prices in real estate in Mandaue, in the Cebu 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 Mandaue has risen strongly during the last 6 months. In September, the average price per m² was ₱ 412.63. In the following month the price per m² rose considerably to ₱ 551.9. In the following two months the price per m² has risen 111 %, going from ₱ 482.27 to ₱ 535.55 per m². The price per m² has had a considerable rise of 127 % 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 ₱ 508.91 to ₱ 648.22 during January, and February.
When referring to the price in Mandaue (cities), this has fallen considerably in the last 6 months. The average price for September is ₱ 181,469. During October the price had a considerable fall till ₱ 129,069. During the following two months (November, December) the average price had a considerable fall of 66 % 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 ₱ 128,775.75 to ₱ 44,660.5, which means a 35 % 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 ₱ 52,353 they are 54 % more affordable than the average price for Mandaue . The properties with the lowest average price have 4 bedrooms, Their price is 0 % more affordable than the average. After that we have properties with 3 bedrooms priced at ₱ 29,978.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 281 / m², with an average ₱ 683.66 / m² price in Mandaue. The properties with the most expensive average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 434 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of ₱ 52,353 it is 94 % more affordable than the average price in Mandaue. "House" is seen as the second most affordable property type. The most expensive property type is "Condominium" followed by "Lot". At a price of ₱ 67,125 it is 119 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Condominium" at an average price of ₱ 260 / m² followed by "Lot" priced at ₱ 263 / m². "House" is the most affordable type of property with a ₱ 638 / m² value followed by "Commercial Lot" with an average price of ₱ 359 / m².