The prices in real estate in Angono, in the Rizal region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Angono has had a strong decrease during the last 6 months. In September, the average price per m² was ₱ 55,521. In October this price pretty much remained the same at a value of ₱ 54,183 per m². The price for the following two months in (November, December) had a considerable decrease of 64 with regard to the prior two months. The price per m² has had a considerable deflation of 70 % 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 ₱ 45,032.5 to ₱ 31,644.5 during January, and February.
Based upon to the price in Angono (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is ₱ 4,870,508. During October the price went through a considerable rise reaching ₱ 5,677,136. During the following two months (November, December) the average price had a considerable increase of 147 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 130 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 7,411,612 they are 67 % more affordable than the average price for Angono. The properties with the highest average price have 4 bedrooms, Their price is 65 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 6,231,365.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of ₱ 38,902 / m², with an average ₱ 32,191 / m² price in Angono. The properties with the highest average prices have 4 bedrooms. They are 158 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 83,005 / m².
The graph displaying the average prices displays the property type "Farm House" as the most affordable one. At an cost of ₱ 7,411,612 it is 72 % cheaper than the average price in Angono. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm House". At a price of ₱ 2,064,608 it is 22 % more affordable than the average price.
According to the average cost per m², the most expensive property type would be "Farm House" at an average cost of ₱ 33,316 / m² followed by "House" priced at ₱ 58,212 / m². "House" is the most costly type of property with a ₱ 58,212 / m² cost followed by "Farm House" with an average price of ₱ 33,316 / m².
