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 December, the average price per m² was ₱ 669.12. In January this price barely changed remaining at ₱ 689.86 per m². In the following two months the price per m² has practically remained the same, going from ₱ 679.49 to ₱ 685.75 per m². 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 ₱ 682.62 to ₱ 748.49 during April, and May.
When referring to the price in Manila (cities), this has risen in the last 6 months. The rent price in December is ₱ 21,108, rising in January till ₱ 22,406. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 21,757 to ₱ 22,377. Based on an analysis of the first four prices and the last two months the average price has increased 113 % 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 ₱ 26,628 they are 24 % 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 ₱ 38,438.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 283.26 / m², with an average ₱ 772.01 / m² price in Manila. The properties with the most expensive average prices have 2 bedrooms. They are 6 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 656.79 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₱ 26,628 it is 23 % more affordable than the average price in Manila. "Commercial Lot" is seen as the second most affordable property type. The most expensive property type is "House And Lot" followed by "Townhouse". At a price of ₱ 35,675 it is 193 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of ₱ 184 / m² followed by "Townhouse" priced at ₱ 502.78 / m². "Apartment" is the most expensive type of property with a ₱ 802.79 / m² value followed by "Condominium" with an average price of ₱ 679.57 / m².