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 ₱ 590.36. In the following month the price per m² rose to ₱ 656.35. In the following two months the price per m² has risen 106 %, going from ₱ 623.35 to ₱ 661.68 per m². The price per m² has risen 107 % 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 ₱ 642.52 to ₱ 684.39 during April, and May.
When referring to the price in Manila (cities), there have hardly been any changes in the last 6 months. The average price for December is ₱ 28,562. During January the price had a slight fall till ₱ 26,300. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 27,431 to ₱ 28,238.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % 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 ₱ 28,806 they are 22 % more affordable than the average price for Manila . The properties with the highest average price have 3 bedrooms, Their price is 116 % more expensive than the average. After that we have properties with 2 bedrooms priced at ₱ 42,673.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 292.06 / m², with an average ₱ 666.78 / m² price in Manila. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 639.95 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 28,806 it is 54 % 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" followed by "House And Lot". At a price of ₱ 75,828 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 ₱ 282 / m² followed by "Apartment" priced at ₱ 333.34 / m². "House And Lot" is the most expensive type of property with a ₱ 686.58 / m² value followed by "Condominium" with an average price of ₱ 664.33 / m².