The rent prices in real estate in Paranaque, in the Rizal region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Paranaque has risen strongly during the last 6 months. In July, the average price per m² was ₱ 554.34. In August this price barely changed remaining at ₱ 574.73 per m². The price for the following two months in (September, October) had a considerable rise of 141 %. The price per m² has had a considerable rise of 168 % 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 ₱ 681.52 to ₱ 1,141.91 during November, and December.
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 July, is ₱ 27,900. During August the price went through a considerable rise reaching ₱ 32,500. During the following two months (September, October) the average price had a considerable rise of 254 % 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 286 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 88 % more affordable than the average price of ₱ 19,960 in Paranaque. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 88 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 59 % more affordable than the average price of (₱ 498 / m²) in Paranaque. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 59 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Lot" as the most affordable one. At an cost of ₱ 168,750 it is 88 % more affordable than the average price in Paranaque. "House And Lot" is seen as the second most affordable property type. The most affordable property is "House And Lot" followed by "Lot". At a price of ₱ 19,880 it is 88 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Lot" at an average price of ₱ 494 / m² followed by "House And Lot" priced at ₱ 498 / m². "House And Lot" is the most affordable type of property with a ₱ 498 / m² value followed by "Lot" with an average price of ₱ 494 / m².