The prices in real estate in Paranaque, in the Rizal 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 Paranaque has increased strongly during the last 6 months. In April, the average price per m² was ₱ 31,663. In May this price pretty much remained the same at a value of ₱ 30,789 per m². The price for the following two months in (June, July) had a considerable increment of 134 %. The price per m² has had a considerable increase of 122 % 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 ₱ 36,508.5 to ₱ 44,711 during August, and September.
Based upon to the price in Paranaque (cities), this has gone downing the last 6 months. The price in April is ₱ 8,050,861, rising in May till ₱ 9,034,657. During the following two months (June, July) the average price fell 87 % 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 ₱ 7,997,101.5 to ₱ 6,485,150, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 6,542,614 they are 62 % more affordable than the average price for Paranaque. The properties with the highest average price have 4 bedrooms, Their price is 88 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 6,297,737.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of ₱ 45,249 / m², with an average ₱ 41,575 / m² price in Paranaque. The properties with the highest average prices have 1 bedroom. They are 86 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 59,200 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 6,542,614 it is 56 % 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 And Lot". At a price of ₱ 10,894,320 it is 559 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of ₱ 7,477 / m² followed by "Townhouse" priced at ₱ 28,375 / m². "House And Lot" is the most costly type of property with a ₱ 47,021 / m² cost followed by "House" with an average price of ₱ 44,463 / m².