The prices in real estate in Paranaque, in the Rizal 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 Paranaque has increased during the last 6 months. In June, the average price per m² was ₱ 46,624. In July this price pretty much remained the same at a value of ₱ 48,123 per m². In the following two months the price per m² has increased 109 %, going from ₱ 47,373.5 to ₱ 51,461 per m². 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 ₱ 49,417.25 to ₱ 51,216 during October y November
Based upon to the price in Paranaque (cities), this has gone downing the last 6 months. The average price for June is ₱ 7,360,067. During July the price had a slight fall till ₱ 6,416,863. During the following two months (August, September) the price has had an average incrementation from ₱ 6,888,465 to ₱ 7,632,249. 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 ₱ 7,260,357 to ₱ 6,447,947.5 in October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 6,058,451 they are 52 % more affordable than the average price for Paranaque. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 5,912,016.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 47,375 / m², with an average ₱ 49,728 / m² price in Paranaque. The properties with the highest average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 52,847 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 6,058,451 it is 23 % cheaper than the average price in Paranaque. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House And Lot" followed by "Lot". At a price of ₱ 8,324,974 it is 66 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 7,964 / m² followed by "Townhouse" priced at ₱ 39,105 / m². "Condominium" is the most costly type of property with a ₱ 92,534 / m² cost followed by "Apartment" with an average price of ₱ 59,096 / m².