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 October, the average price per m² was ₱ 253.33. In the following month the price per m² fell to ₱ 240. The price for the following two months in (December, January) had a considerable fall of 84 with regard to the previous two months. The price per m² has had a considerable fall of 82 % 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 ₱ 227.5 to ₱ 187.48 during February, and March.
When referring to the price in Panglao (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is ₱ 58,467. In November This price remains at ₱ 57,800. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 58,133.5 to ₱ 59,491.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 88 %, going from ₱ 58,812.5 to ₱ 51,925 in February and March.
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 ₱ 45,500 they are 48 % more affordable than the average price for Panglao . The properties with the lowest average price have 2 bedrooms, Their price is 45 % more affordable than the average. After that we have properties with 3 bedrooms priced at ₱ 24,670.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 164 / m², with an average ₱ 248.28 / m² price in Panglao. The properties with the most expensive average prices have 1 bedroom. They are 66 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 184 / m².
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 45,500 it is 30 % 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 ₱ 32,056 it is 29 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Condominium" at an average price of ₱ 222 / m² followed by "Lot" priced at ₱ 227 / m². "Lot" is the most affordable type of property with a ₱ 227 / m² value followed by "Condominium" with an average price of ₱ 222 / m².