The prices in real estate in Capas, in the Tarlac 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 Capas has increased strongly during the last 6 months. In October, the average price per m² was ₱ 49,316. In the following month the price per m² increased to ₱ 52,800. The price for the following two months in (December, January) had a considerable increment of 129 %. The price per m² has increased 114 % 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 ₱ 58,426.75 to ₱ 66,701 during February, and March.
Based upon to the price in Capas (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 22,384,386. During November the price had a considerable reduction till ₱ 15,564,549. During the following two months (December, January) the average price had a considerable reduction of 45 % 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 ₱ 13,795,902 to ₱ 9,990,046, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 12,419,343 they are 81 % more affordable than the average price for Capas. The properties with the lowest average price have 3 bedrooms, Their price is 51 % cheaper than the average. After that we have properties with 4 bedrooms priced at ₱ 4,091,907.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 37,848 / m², with an average ₱ 69,088 / m² price in Capas. The properties with the highest average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 65,275 / m².
The graph displaying the average prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 12,419,343 it is 86 % cheaper than the average price in Capas. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "House And Lot". At a price of ₱ 1,746,976 it is 81 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "House And Lot" at an average cost of ₱ 22,514 / m² followed by "House" priced at ₱ 42,329 / m². "House" is the cheapest type of property with a ₱ 42,329 / m² value followed by "House And Lot" with an average price of ₱ 22,514 / m².
