The average rent price in the Nueva Ecija region has had a slight fall in recent months. There has been a fall in the rent prices in this region.
The price per m² in Nueva Ecija has fallen in the last 6 months. During September, the average price per m² was ₱ 239.88. In October the price barely changed remaining at ₱ 239.99 per m². The following two months (November, December) went through a rise of 108 % in the rent price per m² rising from ₱ 239.93 to ₱ 259.2 per m². In the last two months, the price per m² has had a significant fall of 64 %. This has been obtained by comparing the price of ₱ 249.57 for the first four months of the sample with regard to the previous 4 months and the price of ₱ 160 per m² for the last two months (January, February).
When referring to the price in Nueva Ecija(region), this has risen considerably in the last 6 months. The average rent price in September is ₱ 8,188. In October the price rose to ₱ 9,375. The price in the following months (November, December) had a strong rise of 211 % going from ₱ 8,781.5 to ₱ 18,498. During the last two months the price has had a considerable rise of 145 % with respect to the previous four months going from ₱ 13,639.75 a ₱ 19,730.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 67 % cheaper than the average price in Nueva Ecija followed by those with 4 with an average price of ₱ 11,466. The most affordable properties have 2 bedrooms. They are 44 % cheaper than the average followed by those properties with 4 bedrooms priced at ₱ 11,466.
Based on the average price per m² those properties with 4 bedrooms are the most affordable ones with a price of ₱ 125 / m² being ₱ 153 / m² the average for Nueva Ecija. The properties with the highest average price are those with 1 bedroom. These are 63 % more expensive than the average followed by those with 2 bedrooms with a price of ₱ 130 / m².
The graph displaying the average rent price according to the property type shows "House And Lot" as the most affordable one. With an average cost of ₱ 20,479 it is 46 % cheaper than the average in Nueva Ecija. This is followed by "Condominium" with a cost of ₱ 11,286. The most expensive property type is "Commercial Lot" and is 10 % more costly than the average, followed by "House" with a cost of ₱ 11,466.
Based upon the average cost per m² the most affordable property type is "House And Lot with a an average price of ₱ 95 / m², followed by "Condominium" with a price of ₱ 110 / m². "Commercial Lot" with an average price of ₱ 280 / m² is the most expensive type of property followed by "House" at a price of ₱ 125 / m².