The prices in real estate in Silang, in the Cavite 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 Silang has had a strong decrease during the last 6 months. In May, the average price per m² was ₱ 55,585. In the following month the price per m² decreased to ₱ 47,362. The price for the following two months in (July, August) had a considerable decrease of 53 with regard to the prior two months. The price per m² has had a considerable increase of 129 % 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 ₱ 39,258 to ₱ 50,741 during September, and October.
Based upon to the price in Silang (cities), this has fallen considerably in the last 6 months. The average price for May is ₱ 6,934,002. During June the price had a slight fall till ₱ 5,990,667. During the following two months (July, August) the average price had a considerable reduction of 55 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 147 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 9,998,120 they are 65 % more affordable than the average price for Silang. The properties with the highest average price have 4 bedrooms, Their price is 1 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 7,477,803.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 55,683 / m², with an average ₱ 61,093 / m² price in Silang. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 61,251 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 9,998,120 it is 72 % cheaper than the average price in Silang. "House And Lot" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Condominium". At a price of ₱ 24,614,293 it is 160 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Condominium" at an average cost of ₱ 5,835 / m² followed by "Commercial Lot" priced at ₱ 7,011 / m². "House" is the cheapest type of property with a ₱ 56,168 / m² value followed by "Townhouse" with an average price of ₱ 33,898 / m².
