The prices in real estate in Parañaque, 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 Parañaque has increased during the last 6 months. In March, the average price per m² was ₱ 61,737. In the following month the price per m² increased to ₱ 65,227. The price for the following two months in (May, June) had a considerable increment of 125 %. The price per m² has decreased 86 % 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 ₱ 71,503 to ₱ 61,539.5 during July, and August.
Based upon to the price in Parañaque (cities), this has gone up in the last 6 months. The price in March is ₱ 6,454,381, rising in April till ₱ 6,881,193. During the following two months (May, June) the average price had a considerable increase of 148 % 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 ₱ 8,279,106.5 to ₱ 4,995,266, which means a 60 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 4,751,237 they are 50 % more affordable than the average price for Parañaque. The properties with the highest average price have 4 bedrooms, Their price is 99 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 6,287,857.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 54,294 / m², with an average ₱ 59,294 / m² price in Parañaque. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 63,910 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 4,751,237 it is 38 % cheaper than the average price in Parañaque. "Farm House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of ₱ 6,317,006 it is 49 % 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 ₱ 15,345 / m² followed by "Townhouse" priced at ₱ 54,104 / m². "Condominium" is the most costly type of property with a ₱ 109,011 / m² cost followed by "Apartment" with an average price of ₱ 60,520 / m².