The rent prices in real estate in Plaridel, in the Bulacan 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 Plaridel has had a strong fall during the last 6 months. In October, the average price per m² was ₱ 153.4. In November this price barely changed remaining at ₱ 153.4 per m². The price for the following two months in (December, January) fell 86 % with regard to the previous two months. The price per m² has had a considerable fall of 80 % 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 ₱ 142.3 to ₱ 114.36 during February, and March.
When referring to the price in Plaridel (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₱ 282,805. In November This price remains at ₱ 282,805. During the following two months (December, January) the average price had a considerable fall of 70 % with regard to the previous two months. 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 ₱ 240,112.75 and ₱ 235,620 between February and March.
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 ₱ 460,705 they are 100 % more affordable than the average price for Plaridel . The properties with the lowest average price have 3 bedrooms, Their price is 98 % more affordable than the average. After that we have properties with 4 bedrooms priced at ₱ 9,966.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 8 / m², with an average ₱ 168.73 / m² price in Plaridel. The properties with the most affordable average prices have 3 bedrooms. They are 86 % more affordable than the average followed by properties with 4 bedrooms with a price at ₱ 8 / m².
With regard to the average price based on the property in Plaridel we can see that the most affordable type of property is "House And Lot" at ₱ 9,966, which is 98 % cheaper than the average price. "House And Lot" has the most affordable price. This price is 98 % more affordable than the average price aforementioned.
According to the average area price by m² the most affordable property type is "House And Lot with an average cost of ₱ 8 / m². "House And Lot" with an average price of ₱ 8 / m² has the most affordable price and would be directed at less affluent cities.
