The rent prices in real estate in Biñan, in the Laguna region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Biñan has risen during the last 6 months. In October, the average price per m² was ₱ 361.7. In November this price barely changed remaining at ₱ 363.88 per m². In the following two months the price per m² has risen 107 %, going from ₱ 362.79 to ₱ 386.45 per m². The price per m² has risen 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 ₱ 374.62 to ₱ 397.17 during February, and March.
When referring to the price in Biñan (cities), this has fallen in the last 6 months. The average price for October is ₱ 195,235. During November the price had a considerable fall till ₱ 125,045. During the following two months (December, January) the price has had an average rise from ₱ 160,140 to ₱ 182,380.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 118 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of ₱ 211,118 they are 88 % more affordable than the average price for Biñan . The properties with the lowest average price have 2 bedrooms, Their price is 79 % more affordable than the average. After that we have properties with 1 bedroom priced at ₱ 24,715.
With regard to the average price per m², those properties with 2 bedrooms are the most expensive ones at a cost of ₱ 399 / m², with an average ₱ 382.58 / m² price in Biñan. The properties with the most expensive average prices have 1 bedroom. They are 94 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 399 / m².
The graph displaying the average rent prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 211,118 it is 80 % more affordable than the average price in Biñan. "Commercial Lot" is seen as the second most affordable property type. The most affordable property is "Lot" followed by "House". At a price of ₱ 44,029 it is 57 % more affordable than the average price.
According to the average cost per m², the most affordable property is "House And Lot" at an average price of ₱ 354 / m² followed by "Commercial Lot" priced at ₱ 359 / m². "Lot" is the most expensive type of property with a ₱ 459 / m² value followed by "House" with an average price of ₱ 384 / m².
