The rent prices in real estate in Minglanilla, in the Cebu 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 Minglanilla has risen strongly during the last 6 months. In April, the average price per m² was ₱ 214.06. In the following month the price per m² rose considerably to ₱ 281.25. The price for the following two months in (June, July) had a considerable rise of 143 %. The price per m² has risen 111 % 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 ₱ 301.41 to ₱ 334.23 during August, and September.
When referring to the price in Minglanilla (cities), this has risen considerably in the last 6 months. The average price during our first sample month during April, is ₱ 25,250. During May the price went through a considerable rise reaching ₱ 40,200. During the following two months (June, July) the average price had a considerable rise of 127 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of ₱ 37,112.5 and ₱ 38,373 between August and September.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 9 % more affordable than the average price of ₱ 29,460 in Minglanilla. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 9 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 1 % more affordable than the average price of (₱ 226 / m²) in Minglanilla. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 1 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₱ 32,346 it is 9 % more affordable than the average price in Minglanilla. "Lot" is seen as the second most affordable property type. The most expensive property type is "Farm House" followed by "Lot". At a price of ₱ 33,252 it is 21 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of ₱ 226 / m² followed by "Lot" priced at ₱ 234 / m². "Farm House" is the most expensive type of property with a ₱ 266 / m² value followed by "Lot" with an average price of ₱ 234 / m².