The prices in real estate in Muntinlupa, in the Metro Manila region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Muntinlupa has had a strong decrease during the last 6 months. In February, the average price per m² was ₱ 106,220. In the following month the price per m² decreased considerably to ₱ 86,389. The price for the following two months in (April, May) decreased 93 % with regard to the prior two months. 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 ₱ 93,137.75 to ₱ 90,727 during June y July
Based upon to the price in Muntinlupa (cities), this has gone up in the last 6 months. The price in February is ₱ 13,770,830, rising in March till ₱ 15,303,373. During the following two months (April, May) the price has had an average incrementation from ₱ 14,537,102 to ₱ 15,802,899. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from ₱ 15,170,000 to ₱ 13,498,216 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 14,503,746 they are 73 % more affordable than the average price for Muntinlupa. The properties with the highest average price have 4 bedrooms, Their price is 151 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 8,274,120.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 64,012 / m², with an average ₱ 91,245 / m² price in Muntinlupa. 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 ₱ 102,686 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 14,503,746 it is 66 % cheaper than the average price in Muntinlupa. "Condominium" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial Lot". At a price of ₱ 17,362,446 it is 77 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Farm House" at an average cost of ₱ 13,919 / m² followed by "House" priced at ₱ 81,709 / m². "Commercial Lot" is the most costly type of property with a ₱ 173,963 / m² cost followed by "Condominium" with an average price of ₱ 110,863 / m².