The prices in real estate in Navotas, 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 Navotas has had a strong decrease during the last 6 months. In January, the average price per m² was ₱ 762,273. In the following month the price per m² decreased considerably to ₱ 457,999. The price for the following two months in (March, April) had a considerable decrease of 8 with regard to the prior two months. The price per m² has had a considerable deflation of 22 % 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 ₱ 330,371.75 to ₱ 73,787 during May, and June.
Based upon to the price in Navotas (cities), these have remained the same in the last 6 months. The price in January is ₱ 2,807,508, rising in February till ₱ 3,061,714. During the following two months (March, April) the average price had a considerable reduction of 80 % 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 124 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 24 % cheaper than the average price of ₱ 2,793,496 in Navotas. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 24 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 830 % more costly than the average price of (₱ 758,467 / m²) in Navotas. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 830 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Navotas we can see that the cheapest property type is "House And Lot" at a price of ₱ 2,793,496, they are 24 % more affordable than the average price of (!PRECIO2!). "House And Lot" has the lowest price. This price is 24 % more affordable than the average price aforementioned.
According to the average area price by m² the most costly property type is "House And Lot with an average price of ₱ 758,467 / m². "House And Lot" at an average price of ₱ 758,467 / m² has the most expensive price and would be directed at more affluent cities.