The rent prices in real estate in Meycauayan, in the Bulacan 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 Meycauayan has risen strongly during the last 6 months. In October, the average price per m² was ₱ 163. In the following month the price per m² rose considerably to ₱ 211.87. In the following two months the price per m² has risen 110 %, going from ₱ 187.43 to ₱ 205.73 per m². The price per m² has risen 108 % 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 ₱ 196.58 to ₱ 211.4 during February, and March.
When referring to the price in Meycauayan (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is ₱ 163,689. During November the price went through a considerable rise reaching ₱ 471,399. During the following two months (December, January) the average price had a considerable rise of 125 % 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 109 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of ₱ 401,693 they are 89 % more affordable than the average price for Meycauayan . The properties with the lowest average price have 1 bedroom, Their price is 89 % more affordable than the average. After that we have properties with 4 bedrooms priced at ₱ 44,476.
With regard to the average price per m², those properties with 4 bedrooms are the most expensive ones at a cost of ₱ 684 / m², with an average ₱ 212.89 / m² price in Meycauayan. The properties with the most expensive average prices have 1 bedroom. They are 224 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 684 / m².
The graph displaying the average rent prices displays the property type "Farm House" as the most affordable one. At an cost of ₱ 401,693 it is 89 % more affordable than the average price in Meycauayan. "Townhouse" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condominium". At a price of ₱ 44,251 it is 89 % more affordable than the average price.
According to the average cost per m², the least affordable property would be "Farm House" at an average price of ₱ 664 / m² followed by "Townhouse" priced at ₱ 674 / m². "House" is the most expensive type of property with a ₱ 684 / m² value followed by "Condominium" with an average price of ₱ 679 / m².
