The rent prices in real estate in Bacolod City, in the Bacolod City region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Bacolod City has barely changed in the last 6 months. In October, the average price per m² was ₱ 495.84. In November this price barely changed remaining at ₱ 474.23 per m². In the following two months the price per m² has risen 109 %, going from ₱ 485.04 to ₱ 530.9 per m². The price per m² has had a considerable fall of 81 % 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 ₱ 507.97 to ₱ 410.27 during February, and March.
When referring to the price in Bacolod City (cities), this has risen considerably in the last 6 months. The average price for October is ₱ 32,583. During November the price had a slight fall till ₱ 30,104. During the following two months (December, January) the average price had a considerable rise of 330 % 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 had a strong increase of 214 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of ₱ 144,000 they are 85 % more affordable than the average price for Bacolod City . The properties with the lowest average price have 1 bedroom, Their price is 85 % more affordable than the average. After that we have properties with 4 bedrooms priced at ₱ 21,274.
With regard to the average price per m², those properties with 4 bedrooms are the most expensive ones at a cost of ₱ 2,517 / m², with an average ₱ 407.43 / m² price in Bacolod City. The properties with the most expensive average prices have 1 bedroom. They are 521 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 2,517 / m².
The graph displaying the average rent prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 144,000 it is 86 % more affordable than the average price in Bacolod City. "Townhouse" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condominium". At a price of ₱ 21,076 it is 85 % more affordable than the average price.
According to the average cost per m², the least affordable property would be "House And Lot" at an average price of ₱ 2,445 / m² followed by "Townhouse" priced at ₱ 2,475 / m². "House" is the most expensive type of property with a ₱ 2,502 / m² value followed by "Condominium" with an average price of ₱ 2,490 / m².
