The rent prices in real estate in Panglao, in the Bohol region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Panglao has had a strong fall during the last 6 months. In March, the average price per m² was ₱ 187. In the following month the price per m² fell considerably to ₱ 111. The price for the following two months in (May, June) had a considerable fall of 63 with regard to the previous two months. The price per m² has risen 114 % 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 ₱ 121.75 to ₱ 139 during July, and August.
When referring to the price in Panglao (cities), this has risen considerably in the last 6 months. The rent price in March is ₱ 79,920, rising in April till ₱ 86,090. During the following two months (May, June) the average price had a considerable rise of 116 % 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 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 ₱ 69,130 they are 65 % more affordable than the average price for Panglao . The properties with the lowest average price have 2 bedrooms, Their price is 64 % more affordable than the average. After that we have properties with 3 bedrooms priced at ₱ 24,845.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 171 / m², with an average ₱ 208 / m² price in Panglao. The properties with the most expensive average prices have 1 bedroom. They are 99 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 186 / m².
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 69,130 it is 53 % more affordable than the average price in Panglao. "Lot" is seen as the second most affordable property type. The most affordable property is "Lot" followed by "Condominium". At a price of ₱ 32,287 it is 53 % more affordable than the average price.
According to the average cost per m², the least affordable property would be "Condominium" at an average price of ₱ 229 / m² followed by "Lot" priced at ₱ 234 / m². "Lot" is the most expensive type of property with a ₱ 234 / m² value followed by "Condominium" with an average price of ₱ 229 / m².
