The rent prices in real estate in Pinagsama, in the Quezon 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 Pinagsama has had a strong fall during the last 6 months. In October, the average price per m² was ₱ 1,085.15. In November this price barely changed remaining at ₱ 1,102.94 per m². The price for the following two months in (December, January) had a considerable fall of 73 with regard to the previous two months. The price per m² has fallen 88 % 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 ₱ 947.64 to ₱ 835.38 during February, and March.
When referring to the price in Pinagsama (cities), this has fallen considerably in the last 6 months. The rent price in October is ₱ 191,820, rising in November till ₱ 208,502. During the following two months (December, January) the average price had a considerable fall of 69 % 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 ₱ 169,159.75 to ₱ 98,300, which means a 58 % fall.
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 ₱ 98,300 they are 55 % more affordable than the average price for Pinagsama . The properties with the highest average price have 4 bedrooms, Their price is 245 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₱ 195,342.
With regard to the average price per m², those properties with 4 bedrooms are the most expensive ones at a cost of ₱ 867 / m², with an average ₱ 835.38 / m² price in Pinagsama. The properties with the most expensive average prices have 3 bedrooms. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 1,006 / m².
The graph displaying the average rent prices displays the property type "Condominium" as the most expensive one. At an cost of ₱ 98,300 it is 24 % more expensive than the average price in Pinagsama. "House" is seen as the second most expensive property type. The most expensive property type is "Office" followed by "House". At a price of ₱ 358,118 it is 570 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Condominium" at an average price of ₱ 1,032 / m² followed by "House" priced at ₱ 1,122 / m². "Office" is the most expensive type of property with a ₱ 1,439 / m² value followed by "House" with an average price of ₱ 1,122 / m².