The rent prices in real estate in Manila, in the Metro Manila 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 Manila has fallen during the last 6 months. In May, the average price per m² was ₱ 709.21. In the following month the price per m² fell to ₱ 632.96. The price for the following two months in (July, August) fell 86 % with regard to the previous two months. The price per m² has risen 110 % 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 ₱ 623.8 to ₱ 684.38 during September, and October.
When referring to the price in Manila (cities), this has fallen in the last 6 months. The average price for May is ₱ 27,272. During June the price had a considerable fall till ₱ 23,125. During the following two months (July, August) the average price fell 89 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 ₱ 25,390 they are 11 % more affordable than the average price for Manila . The properties with the highest average price have 3 bedrooms, Their price is 143 % more expensive than the average. After that we have properties with 4 bedrooms priced at ₱ 40,354.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 294 / m², with an average ₱ 662.84 / m² price in Manila. The properties with the most expensive average prices have 1 bedroom. They are 3 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 629.23 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 25,390 it is 52 % more affordable than the average price in Manila. "Farm House" is seen as the second most affordable property type. The most expensive property type is "Commercial Lot" followed by "House". At a price of ₱ 81,993 it is 304 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Townhouse" at an average price of ₱ 244.31 / m² followed by "Commercial Lot" priced at ₱ 278.12 / m². "House" is the most expensive type of property with a ₱ 679.24 / m² value followed by "Condominium" with an average price of ₱ 663.11 / m².