The rent prices in real estate in Muntinlupa City, in the Rizal region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Muntinlupa City has fallen during the last 6 months. In September, the average price per m² was ₱ 994.56. In the following month the price per m² fell to ₱ 904.77. In the following two months the price per m² has practically remained the same, going from ₱ 949.66 to ₱ 908.02 per m². The price per m² has fallen 89 % 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 ₱ 928.84 to ₱ 827.35 during January, and February.
When referring to the price in Muntinlupa City (cities), this has fallen in the last 6 months. The average price for September is ₱ 60,618. During October the price had a slight fall till ₱ 56,045. During the following two months (November, December) the price has had an average rise from ₱ 58,331.5 to ₱ 62,737.5. During the last two months the average price has fallen greatly compared to the previous four going from ₱ 60,534.5 to ₱ 44,244.5, which means a 73 % fall.
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 ₱ 45,239 they are 37 % more affordable than the average price for Muntinlupa City . The properties with the highest average price have 2 bedrooms, Their price is 53 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₱ 65,552.
With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of ₱ 640.12 / m², with an average ₱ 680.27 / m² price in Muntinlupa City. The properties with the most expensive average prices have 2 bedrooms. They are 112 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 901 / m².
The graph displaying the average rent prices displays the property type "Commercial Lot" as the most expensive one. At an cost of ₱ 45,239 it is 44 % more expensive than the average price in Muntinlupa City. "Condominium" is seen as the second most expensive property type. The most expensive property type is "Condominium" followed by "Commercial Lot". At a price of ₱ 65,222 it is 45 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Commercial Lot" at an average price of ₱ 896 / m² followed by "Condominium" priced at ₱ 901 / m². "Condominium" is the most expensive type of property with a ₱ 901 / m² value followed by "Commercial Lot" with an average price of ₱ 896 / m².