The rent prices in real estate in Silang, in the Cavite 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 Silang has fallen during the last 6 months. In October, the average price per m² was ₱ 392.22. In November this price barely changed remaining at ₱ 378.96 per m². The price for the following two months in (December, January) had a considerable fall of 82 with regard to the previous two months. The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 351.34 to ₱ 336.38 during February y March
When referring to the price in Silang (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is ₱ 96,909. During November the price went through a considerable rise reaching ₱ 114,769. During the following two months (December, January) the average price had a considerable rise of 223 % 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 ₱ 170,696.75 to ₱ 110,647, which means a 65 % 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 ₱ 111,086 they are 81 % more affordable than the average price for Silang . The properties with the lowest average price have 3 bedrooms, Their price is 44 % more affordable than the average. After that we have properties with 4 bedrooms priced at ₱ 58,292.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of ₱ 166 / m², with an average ₱ 337.47 / m² price in Silang. The properties with the most expensive average prices have 4 bedrooms. They are 65 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 422 / m².
The graph displaying the average rent prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 111,086 it is 79 % more affordable than the average price in Silang. "Condominium" is seen as the second most affordable property type. The most expensive property type is "Commercial Lot" followed by "Lot". At a price of ₱ 106,016 it is 8 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Commercial Lot" at an average price of ₱ 139 / m² followed by "Lot" priced at ₱ 227 / m². "Condominium" is the most expensive type of property with a ₱ 534 / m² value followed by "House And Lot" with an average price of ₱ 398 / m².
