The rent prices in real estate in Urdaneta, in the Pangasinan 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 Urdaneta has had a strong fall during the last 6 months. In October, the average price per m² was ₱ 759. In November this price barely changed remaining at ₱ 759 per m². The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per m² has had a considerable fall of 49 % 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 ₱ 728.25 to ₱ 355 during February, and March.
When referring to the price in Urdaneta (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₱ 64,073. In November This price remains at ₱ 64,073. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 64,073 to ₱ 61,750. During the last two months the average price has fallen greatly compared to the previous four going from ₱ 62,911.5 to ₱ 40,841.5, which means a 65 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of ₱ 61,085 they are 67 % more affordable than the average price for Urdaneta . The properties with the lowest average price have 1 bedroom, Their price is 67 % more affordable than the average. After that we have properties with 2 bedrooms priced at ₱ 20,346.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 3 / m², with an average ₱ 680 / m² price in Urdaneta. The properties with the most affordable average prices have 1 bedroom. They are 97 % more affordable than the average followed by properties with 2 bedrooms with a price at ₱ 18 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of ₱ 61,085 it is 68 % more affordable than the average price in Urdaneta. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "". At a price of ₱ 19,629 it is 67 % more affordable than the average price.
According to the average area price by m² the most affordable property type is "House with an average cost of ₱ 3 / m². "House" with an average price of ₱ 3 / m² has the most affordable price and would be directed at less affluent cities.
