The prices in real estate in Subic, in the Zambales 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 Subic has increased strongly during the last 6 months. In October, the average price per m² was ₱ 69,676. In November this price pretty much remained the same at a value of ₱ 70,449 per m². In the following two months the price per m² has increased 114 %, going from ₱ 70,062.5 to ₱ 80,216.5 per m². The price per m² has had a considerable increase of 135 % 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 ₱ 75,139.5 to ₱ 101,203.5 during February, and March.
Based upon to the price in Subic (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is ₱ 7,163,392. In November This price remains at ₱ 7,307,344. During the following two months (December, January) the average price had a considerable increase of 131 % 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 gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of ₱ 8,464,308 they are 48 % more affordable than the average price for Subic. The properties with the lowest average price have 4 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 2 bedrooms priced at ₱ 7,162,667.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 49,480 / m², with an average ₱ 94,375 / m² price in Subic. The properties with the highest average prices have 1 bedroom. They are 98 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 161,335 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₱ 8,464,308 it is 36 % cheaper than the average price in Subic. "Lot" is seen as the second most affordable property type. The cheapest type property is "Lot" followed by "House". At a price of ₱ 5,433,685 it is 31 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 32,221 / m² followed by "House" priced at ₱ 47,112 / m². "House" is the cheapest type of property with a ₱ 47,112 / m² value followed by "Lot" with an average price of ₱ 32,221 / m².
