The rent prices in real estate in Manila, in the Metro Manila 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 Manila has risen during the last 6 months. In March, the average price per m² was ₱ 689.2. In the following month the price per m² rose to ₱ 724.97. In the following two months the price per m² has risen 112 %, going from ₱ 707.09 to ₱ 790.87 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 ₱ 748.98 to ₱ 780.83 during July y August
When referring to the price in Manila (cities), this has risen considerably in the last 6 months. In our first sample month during March, the average price is ₱ 22,309. In April This price remains at ₱ 23,354. During the following two months (May, June) the average price had a considerable rise of 117 % 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 108 % 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 ₱ 26,174 they are 12 % more affordable than the average price for Manila . The properties with the highest average price have 4 bedrooms, Their price is 279 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₱ 71,320.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 576.82 / m², with an average ₱ 754.78 / m² price in Manila. The properties with the most expensive average prices have 2 bedrooms. They are 10 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 717.27 / m².
The graph displaying the average rent prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 26,174 it is 19 % more affordable than the average price in Manila. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of ₱ 63,011 it is 365 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Townhouse" at an average price of ₱ 607.71 / m² followed by "House And Lot" priced at ₱ 652 / m². "House" is the most expensive type of property with a ₱ 1,007.41 / m² value followed by "Apartment" with an average price of ₱ 799.38 / m².