The prices in real estate in Muntinlupa City, in the Rizal 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 Muntinlupa City has increased strongly during the last 6 months. In December, the average price per m² was ₱ 77,353. In the following month the price per m² increased considerably to ₱ 101,882. In the following two months the price per m² has increased 113 %, going from ₱ 89,617.5 to ₱ 101,195 per m². The price per m² has had a considerable increase of 155 % 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 ₱ 95,406.25 to ₱ 147,720 during April, and May.
Based upon to the price in Muntinlupa City (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is ₱ 8,759,235. During January the price went through a considerable rise reaching ₱ 10,884,231. During the following two months (February, March) the average price had a considerable increase of 257 % 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 risen strongly 161 % 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 ₱ 31,486,501 they are 63 % more affordable than the average price for Muntinlupa City. The properties with the highest average price have 4 bedrooms, Their price is 218 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 25,444,977.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 131,418 / m², with an average ₱ 163,098 / m² price in Muntinlupa City. The properties with the highest average prices have 1 bedroom. They are 40 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 205,010 / m².
The graph displaying the average prices displays the property type "Commercial Lot" as the most affordable one. At an cost of ₱ 31,486,501 it is 100 % cheaper than the average price in Muntinlupa City. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condominium". At a price of ₱ 13,182,753 it is 206 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Commercial Lot" at an average cost of ₱ 52 / m² followed by "Office" priced at ₱ 100,778 / m². "Condominium" is the most costly type of property with a ₱ 217,345 / m² cost followed by "House" with an average price of ₱ 171,009 / m².
