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 ₱ 782.97. In the following month the price per m² fell to ₱ 694.05. The price for the following two months in (April, May) had a considerable fall of 82 with regard to the previous two months. The price per m² has had a considerable fall of 6 % 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 ₱ 672.22 to ₱ 37.29 during June, and July.
When referring to the price in Paranaque (cities), this has fallen considerably in the last 6 months. The average price for February is ₱ 106,700. During March the price had a considerable fall till ₱ 34,544. During the following two months (April, May) the average price had a considerable fall of 42 % 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 ₱ 50,147.75 to ₱ 35,962, which means a 72 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 59 % more affordable than the average price of ₱ 19,940 in Paranaque. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 59 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 1175 % more expensive than the average price of (₱ 497 / m²) in Paranaque. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 1175 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 48,813 it is 59 % more affordable than the average price in Paranaque. "House" is seen as the second most affordable property type. The most affordable property is "House And Lot" followed by "House". At a price of ₱ 19,920 it is 59 % more affordable than the average price.
According to the average cost per m², the least affordable property would be "Apartment" at an average price of ₱ 492 / m² followed by "House" priced at ₱ 496 / m². "House And Lot" is the most expensive type of property with a ₱ 497 / m² value followed by "House" with an average price of ₱ 496 / m².