The prices in real estate in Biñan, in the Laguna region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Biñan has increased strongly during the last 6 months. In October, the average price per m² was ₱ 53,093. In the following month the price per m² increased to ₱ 58,127. The price for the following two months in (December, January) had a considerable increment of 177 %. The price per m² has had a considerable increase of 154 % 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 ₱ 76,980.5 to ₱ 118,833.5 during February, and March.
Based upon to the price in Biñan (cities), this has fallen considerably in the last 6 months. The price in October is ₱ 12,372,637, rising in November till ₱ 13,596,204. During the following two months (December, January) the average price had a considerable reduction of 64 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 10,632,762 to ₱ 4,992,650, which means a 47 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 4,195,227 they are 18 % more affordable than the average price for Biñan. The properties with the highest average price have 4 bedrooms, Their price is 404 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 10,912,682.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 67,193 / m², with an average ₱ 116,480 / m² price in Biñan. The properties with the highest average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 83,973 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 4,195,227 it is 5 % cheaper than the average price in Biñan. "House And Lot" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "House". At a price of ₱ 16,372,595 it is 877 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 35,624 / m² followed by "House" priced at ₱ 68,331 / m². "Condominium" is the most costly type of property with a ₱ 144,661 / m² cost followed by "Townhouse" with an average price of ₱ 75,534 / m².
