The prices in real estate in Bulacan, in the Bulacan 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 Bulacan has increased strongly during the last 6 months. In July, the average price per m² was ₱ 26,747. In the following month the price per m² increased considerably to ₱ 31,177. In the following two months the price per m² has increased 112 %, going from ₱ 28,962 to ₱ 32,560 per m². The price per m² has decreased 94 % 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 ₱ 30,761 to ₱ 28,974 during November, and December.
Based upon to the price in Bulacan (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is ₱ 1,717,145. During August the price went through a considerable rise reaching ₱ 1,990,327. During the following two months (September, October) the average price had a considerable increase of 118 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₱ 2,019,862.75 and ₱ 2,082,641 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 1,934,243 they are 49 % more affordable than the average price for Bulacan. The properties with the highest average price have 4 bedrooms, Their price is 160 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 3,836,047.
With regard to the average price per m² , those properties with 1 bedroom are the most costly ones at a cost of ₱ 30,712 / m², with an average ₱ 26,618 / m² price in Bulacan. The properties with the highest average prices have 3 bedrooms. They are 96 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 45,133 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 1,934,243 it is 40 % cheaper than the average price in Bulacan. "Condominium" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "House And Lot". At a price of ₱ 3,661,802 it is 487 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 8,899 / m² followed by "Apartment" priced at ₱ 18,962 / m². "Condominium" is the most costly type of property with a ₱ 67,685 / m² cost followed by "House And Lot" with an average price of ₱ 53,287 / m².