The prices in real estate in Paranaque, in the Rizal region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Paranaque has fallen in the last 6 months. In November, the average price per m² was ₱ 49,728. In the following month the price per m² increased to ₱ 53,182. The price for the following two months in (January, February) decreased 94 % with regard to the prior two months. The price per m² has had a considerable deflation of 79 % 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 ₱ 49,996 to ₱ 39,559.5 during March, and April.
Based upon to the price in Paranaque (cities), this has gone up in the last 6 months. The price in November is ₱ 6,058,451, rising in December till ₱ 6,592,133. In the following two months the average price has remained the same with regard to the previous two months from ₱ 6,325,292 to ₱ 6,450,654. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % 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 ₱ 8,050,861 they are 61 % more affordable than the average price for Paranaque. The properties with the lowest average price have 3 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 4 bedrooms priced at ₱ 7,464,019.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of ₱ 41,589 / m², with an average ₱ 31,663 / m² price in Paranaque. The properties with the highest average prices have 1 bedroom. They are 109 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 54,649 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 8,050,861 it is 32 % cheaper than the average price in Paranaque. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of ₱ 14,937,110 it is 308 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of ₱ 10,309 / m² followed by "Townhouse" priced at ₱ 16,517 / m². "Condominium" is the most costly type of property with a ₱ 35,363 / m² cost followed by "House And Lot" with an average price of ₱ 31,991 / m².