The rent prices in real estate in Pasay, in the Metro Manila region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Pasay has fallen during the last 6 months. In November, the average price per m² was ₱ 846.35. In the following month the price per m² fell to ₱ 725.26. In the following two months the price per m² has practically remained the same, going from ₱ 785.8 to ₱ 759.15 per m². The price per m² has fallen 90 % 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 ₱ 772.47 to ₱ 696.01 during March, and April.
When referring to the price in Pasay (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is ₱ 39,416. During December the price went through a considerable rise reaching ₱ 51,846. During the following two months (January, February) the price has had an average rise from ₱ 45,631 to ₱ 49,333. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of ₱ 47,482 and ₱ 45,673 between March and April.
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 ₱ 43,261 they are 32 % more affordable than the average price for Pasay . The properties with the highest average price have 4 bedrooms, Their price is 139 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₱ 77,778.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 435.34 / m², with an average ₱ 698.3 / m² price in Pasay. The properties with the most expensive average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 705.13 / m².
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 43,261 it is 18 % more affordable than the average price in Pasay. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Commercial Lot". At a price of ₱ 83,580 it is 106 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of ₱ 472.15 / m² followed by "Townhouse" priced at ₱ 615 / m². "Condominium" is the most expensive type of property with a ₱ 889.23 / m² value followed by "Commercial Lot" with an average price of ₱ 774 / m².
