The rent prices in real estate in Parañaque, in the Metro Manila region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Parañaque has barely changed in the last 6 months. In April, the average price per m² was ₱ 525.81. In the following month the price per m² rose to ₱ 558. The price for the following two months in (June, July) fell 94 % with regard to the previous two months. The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 525.43 to ₱ 523.41 during August y September
When referring to the price in Parañaque (cities), this has risen in the last 6 months. The average price during our first sample month during April, is ₱ 33,622. During May the price went through a considerable rise reaching ₱ 52,989. During the following two months (June, July) the average price had a considerable fall of 80 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from ₱ 38,987.5 to ₱ 32,058, which means a 82 % 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 ₱ 34,680 they are 30 % more affordable than the average price for Parañaque . The properties with the highest average price have 3 bedrooms, Their price is 130 % more expensive than the average. After that we have properties with 4 bedrooms priced at ₱ 76,000.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 317.09 / m², with an average ₱ 543.22 / m² price in Parañaque. The properties with the most expensive average prices have 1 bedroom. They are 44 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 536.51 / m².
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 34,680 it is 60 % more affordable than the average price in Parañaque. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Apartment". At a price of ₱ 81,133 it is 215 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of ₱ 340.68 / m² followed by "Farm House" priced at ₱ 380 / m². "House" is the most expensive type of property with a ₱ 673.14 / m² value followed by "Townhouse" with an average price of ₱ 487.16 / m².