The prices in real estate in Makati, in the Metro Manila 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 Makati has increased during the last 6 months. In September, the average price per m² was ₱ 221,130. In the following month the price per m² increased to ₱ 241,897. In the following two months the price per m² has increased 107 %, going from ₱ 231,513.5 to ₱ 247,384 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 239,448.75 to ₱ 244,012 during January y February
Based upon to the price in Makati (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is ₱ 21,877,652. In October This price remains at ₱ 22,622,813. During the following two months (November, December) the average price fell 92 % 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 ₱ 21,400,552 to ₱ 16,510,137, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 14,700,017 they are 36 % more affordable than the average price for Makati. The properties with the highest average price have 4 bedrooms, Their price is 2113 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 70,296,397.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 230,917 / m², with an average ₱ 241,019 / m² price in Makati. The properties with the highest average prices have 4 bedrooms. They are 167 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 333,661 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 14,700,017 it is 63 % cheaper than the average price in Makati. "Condominium" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "House". At a price of ₱ 301,124,575 it is 2301 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of ₱ 105,278 / m² followed by "Office" priced at ₱ 211,251 / m². "House" is the most costly type of property with a ₱ 607,974 / m² cost followed by "Lot" with an average price of ₱ 409,257 / m².