The prices in real estate in Pasig, in the Metro Manila region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Pasig has had a strong decrease during the last 6 months. In September, the average price per m² was ₱ 97,956. In the following month the price per m² decreased considerably to ₱ 76,629. The price for the following two months in (November, December) had a considerable decrease of 79 with regard to the prior two months. The price per m² has had a considerable deflation of 76 % 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 ₱ 77,945.25 to ₱ 59,579.5 during January, and February.
Based upon to the price in Pasig (cities), this has fallen considerably in the last 6 months. The average price for September is ₱ 7,080,555. During October the price had a considerable reduction till ₱ 3,984,969. During the following two months (November, December) the average price had a considerable reduction of 71 % 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 ₱ 4,725,167.5 to ₱ 3,425,706, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 4,012,165 they are 8 % more affordable than the average price for Pasig. The properties with the highest average price have 4 bedrooms, Their price is 1597 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 14,272,714.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of ₱ 89,417 / m², with an average ₱ 64,764 / m² price in Pasig. The properties with the highest average prices have 4 bedrooms. They are 167 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 122,495 / m².
The graph displaying the average prices displays the property type "Condominium" as the most costly one. At an cost of ₱ 4,012,165 it is 14 % more expensive than the average price in Pasig. "Apartment" is seen as the second dearest property type. The dearest property type is "Lot" followed by "House". At a price of ₱ 91,431,288 it is 3002 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House And Lot" at an average cost of ₱ 61,880 / m² followed by "Apartment" priced at ₱ 76,639 / m². "Lot" is the most costly type of property with a ₱ 249,647 / m² cost followed by "House" with an average price of ₱ 189,831 / m².
