The rent prices in real estate in Lapu-lapu City, in the Lapu-lapu City 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 Lapu-lapu City has risen during the last 6 months. In October, the average price per m² was ₱ 547.82. In November this price barely changed remaining at ₱ 567.88 per m². In the following two months the price per m² has practically remained the same, going from ₱ 557.85 to ₱ 583.92 per m². The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 570.89 to ₱ 586.71 during February y March
When referring to the price in Lapu-lapu City (cities), this has fallen in the last 6 months. The average price for October is ₱ 60,381. During November the price had a slight fall till ₱ 54,100. During the following two months (December, January) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of ₱ 55,174.75 and ₱ 54,781.5 between February and March.
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 ₱ 60,141 they are 38 % more affordable than the average price for Lapu-lapu City . The properties with the lowest average price have 2 bedrooms, Their price is 2 % more affordable than the average. After that we have properties with 4 bedrooms priced at ₱ 49,545.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 333.51 / m², with an average ₱ 551.79 / m² price in Lapu-lapu City. The properties with the most expensive average prices have 1 bedroom. They are 55 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 563.15 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 60,141 it is 37 % more affordable than the average price in Lapu-lapu City. "Condominium" is seen as the second most affordable property type. The most expensive property type is "Commercial Lot" followed by "Lot". At a price of ₱ 349,537 it is 719 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Lot" at an average price of ₱ 193.32 / m² followed by "Commercial Lot" priced at ₱ 202.5 / m². "Condominium" is the most expensive type of property with a ₱ 754.37 / m² value followed by "Townhouse" with an average price of ₱ 531.07 / m².
