The prices in real estate in Taguig, in the Metro Manila region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Taguig has fallen in the last 6 months. In December, the average price per m² was ₱ 233,147. In the following month the price per m² decreased considerably to ₱ 193,991. In the following two months the price per m² has barely changed, going from ₱ 213,569 to ₱ 206,129 per m². The price per m² has increased 106 % 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 ₱ 209,849 to ₱ 222,969 during April, and May.
Based upon to the price in Taguig (cities), this has gone downing the last 6 months. The price in December is ₱ 21,820,468, rising in January till ₱ 25,080,101. During the following two months (February, March) the average price had a considerable reduction of 72 % 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 94 %, going from ₱ 20,205,534 to ₱ 18,998,410 in April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 18,911,207 they are 41 % more affordable than the average price for Taguig. The properties with the highest average price have 4 bedrooms, Their price is 178 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 38,088,547.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 214,350 / m², with an average ₱ 223,116 / m² price in Taguig. The properties with the highest average prices have 3 bedrooms. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 231,690 / m².
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 18,911,207 it is 8 % cheaper than the average price in Taguig. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial Lot". At a price of ₱ 40,123,841 it is 184 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of ₱ 84,734 / m² followed by "Apartment" priced at ₱ 153,400 / m². "Commercial Lot" is the most costly type of property with a ₱ 275,920 / m² cost followed by "Condominium" with an average price of ₱ 230,522 / m².