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 July, the average price per m² was ₱ 48,123. In the following month the price per m² increased to ₱ 50,748. In the following two months the price per m² has increased 106 %, going from ₱ 49,435.5 to ₱ 52,439 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 ₱ 50,937.25 to ₱ 51,455 during November y December
Based upon to the price in Paranaque (cities), this has gone up in the last 6 months. The average price during our first sample month during July, is ₱ 6,416,863. During August the price went through a considerable rise reaching ₱ 8,568,150. During the following two months (September, October) the average price fell 90 % with regard to the previous two months. 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 ₱ 7,129,701 to ₱ 6,325,292 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 6,592,133 they are 61 % more affordable than the average price for Paranaque. The properties with the highest average price have 4 bedrooms, Their price is 112 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 6,143,729.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 49,567 / m², with an average ₱ 53,182 / m² price in Paranaque. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 53,268 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 6,592,133 it is 51 % cheaper than the average price in Paranaque. "House" is seen as the second most affordable property type. The dearest property type is "House And Lot" followed by "Lot". At a price of ₱ 8,316,649 it is 30 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 7,956 / m² followed by "Townhouse" priced at ₱ 38,688 / m². "Condominium" is the most costly type of property with a ₱ 81,096 / m² cost followed by "House" with an average price of ₱ 48,418 / m².