The rent prices in real estate in Bulacan, in the Bulacan region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Bulacan has risen strongly during the last 6 months. In November, the average price per m² was ₱ 115. In the following month the price per m² fell considerably to ₱ 78. The price for the following two months in (January, February) had a considerable rise of 190 %. The price per m² has fallen 87 % 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 ₱ 140 to ₱ 122.37 during March, and April.
When referring to the price in Bulacan (cities), this has risen considerably in the last 6 months. The average price for November is ₱ 116,493. During December the price had a considerable fall till ₱ 38,428. During the following two months (January, February) the average price had a considerable rise of 544 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from ₱ 249,236 to ₱ 73,764.5, which means a 30 % fall.
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 ₱ 113,862 they are 91 % more affordable than the average price for Bulacan . The properties with the lowest average price have 4 bedrooms, Their price is 85 % more affordable than the average. After that we have properties with 1 bedroom priced at ₱ 10,379.
With regard to the average price per m², those properties with 4 bedrooms are the most expensive ones at a cost of ₱ 118 / m², with an average ₱ 113 / m² price in Bulacan. The properties with the most expensive average prices have 1 bedroom. They are 130 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 118 / m².
The graph displaying the average rent prices displays the property type "Lot" as the most affordable one. At an cost of ₱ 113,862 it is 93 % more affordable than the average price in Bulacan. "House" is seen as the second most affordable property type. The most affordable property is "Townhouse" followed by "Commercial Lot". At a price of ₱ 32,901 it is 71 % more affordable than the average price.
According to the average cost per m², the least affordable property would be "House" at an average price of ₱ 118 / m² followed by "Condominium" priced at ₱ 124 / m². "Townhouse" is the most expensive type of property with a ₱ 144 / m² value followed by "Commercial Lot" with an average price of ₱ 139 / m².
