The rent prices in real estate in Paranaque, in the Rizal 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 Paranaque has had a strong fall during the last 6 months. In February, the average price per m² was ₱ 711.9. In the following month the price per m² fell considerably to ₱ 248.01. The price for the following two months in (April, May) had a considerable fall of 13 with regard to the previous two months. The price per m² has had a considerable rise of 235 % 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 ₱ 271.99 to ₱ 639 during June, and July.
When referring to the price in Paranaque (cities), this has risen considerably in the last 6 months. The average price during our first sample month during February, is ₱ 18,333. During March the price went through a considerable rise reaching ₱ 23,000. During the following two months (April, May) 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 had a strong increase of 158 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 8 % more expensive than the average price of ₱ 19,860 in Paranaque. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 8 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 31 % more affordable than the average price of (₱ 493 / m²) in Paranaque. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 31 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of ₱ 18,314 it is 6 % more expensive than the average price in Paranaque. "House" is seen as the second most expensive property type. The most expensive property type is "Condominium" followed by "House". At a price of ₱ 19,660 it is 8 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of ₱ 468 / m² followed by "House" priced at ₱ 483 / m². "Condominium" is the most affordable type of property with a ₱ 493 / m² value followed by "House" with an average price of ₱ 483 / m².