The prices in real estate in Pampanga, in the Pampanga 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 Pampanga has increased strongly during the last 6 months. In October, the average price per m² was ₱ 24,429. In November this price pretty much remained the same at a value of ₱ 24,436 per m². The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per m² has had a considerable increase of 1073 % 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 ₱ 23,750.25 to ₱ 254,756.5 during February, and March.
Based upon to the price in Pampanga (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is ₱ 2,852,000. In November This price remains at ₱ 2,938,023. In the following two months the average price has remained the same with regard to the previous two months from ₱ 2,895,011.5 to ₱ 2,779,520. Based on an analysis of the first four prices and the last two months the average price has risen strongly 1575 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 86,735,160 they are 98 % more affordable than the average price for Pampanga. The properties with the lowest average price have 4 bedrooms, Their price is 92 % cheaper than the average. After that we have properties with 3 bedrooms priced at ₱ 4,134,616.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 26,778 / m², with an average ₱ 487,513 / m² price in Pampanga. The properties with the lowest average prices have 4 bedrooms. They are 93 % cheaper than the average followed by properties with 1 bedroom with a price at ₱ 32,803 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 86,735,160 it is 96 % cheaper than the average price in Pampanga. "House" is seen as the second most affordable property type. The cheapest type property is "Lot" followed by "House And Lot". At a price of ₱ 3,799,678 it is 95 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of ₱ 27,671 / m² followed by "House And Lot" priced at ₱ 29,683 / m². "Apartment" is the cheapest type of property with a ₱ 41,268 / m² value followed by "Lot" with an average price of ₱ 37,202 / m².
