The prices in real estate in Lapu-lapu, in the Cebu region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Lapu-lapu has increased during the last 6 months. In March, the average price per m² was ₱ 124,269. In the following month the price per m² increased to ₱ 138,250. In the following two months the price per m² has increased 111 %, going from ₱ 131,259.5 to ₱ 145,661 per m². The price per m² has decreased 93 % 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 ₱ 138,460.25 to ₱ 128,832.5 during July, and August.
Based upon to the price in Lapu-lapu (cities), this has gone up in the last 6 months. The average price for March is ₱ 10,771,857. During April the price had a slight fall till ₱ 9,685,744. During the following two months (May, June) the average price had a considerable increase of 124 % 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 gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 11,962,643 they are 48 % more affordable than the average price for Lapu-lapu. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 11,366,893.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 73,989 / m², with an average ₱ 118,996 / m² price in Lapu-lapu. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 89,612 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 11,962,643 it is 77 % cheaper than the average price in Lapu-lapu. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condominium". At a price of ₱ 9,269,063 it is 7 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of ₱ 49,301 / m² followed by "House" priced at ₱ 61,422 / m². "Condominium" is the most costly type of property with a ₱ 145,889 / m² cost followed by "Apartment" with an average price of ₱ 65,584 / m².