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 August, the average price per m² was ₱ 464.53. In September this price barely changed remaining at ₱ 480.79 per m². The price for the following two months in (October, November) 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 ₱ 459.35 to ₱ 464.81 during December y January
When referring to the price in Parañaque (cities), this has risen in the last 6 months. The rent price in August is ₱ 41,856, rising in September till ₱ 45,928. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 43,892 to ₱ 42,907.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 120 % 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 ₱ 61,441 they are 69 % more affordable than the average price for Parañaque . The properties with the highest average price have 4 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₱ 64,958.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 283.76 / m², with an average ₱ 443.98 / m² price in Parañaque. The properties with the most expensive average prices have 1 bedroom. They are 40 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 568.54 / m².
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 61,441 it is 72 % more affordable than the average price in Parañaque. "Condominium" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "House". At a price of ₱ 84,500 it is 50 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of ₱ 322.1 / m² followed by "Farm House" priced at ₱ 388 / m². "Condominium" is the most expensive type of property with a ₱ 674.43 / m² value followed by "Apartment" with an average price of ₱ 519 / m².