The rent prices in real estate in Lipa City, in the Lipa City 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 Lipa City has risen strongly during the last 6 months. In October, the average price per m² was ₱ 191.83. In the following month the price per m² rose considerably to ₱ 255.02. The price for the following two months in (December, January) had a considerable rise of 132 %. The price per m² has fallen 88 % 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 ₱ 258.86 to ₱ 228.15 during February, and March.
When referring to the price in Lipa City (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 95,040. During November the price had a considerable fall till ₱ 64,463. During the following two months (December, January) the average price had a considerable fall of 71 % 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 ₱ 68,266.75 to ₱ 12,809, which means a 19 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 21 % more affordable than the average price of ₱ 14,745 in Lipa City. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 21 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 54 % more affordable than the average price of (₱ 133 / m²) in Lipa City. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 54 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Commercial Lot" as the most affordable one. At an cost of ₱ 18,625 it is 68 % more affordable than the average price in Lipa City. "Condominium" is seen as the second most affordable property type. The most affordable property is "House" followed by "Lot". At a price of ₱ 14,670 it is 21 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Commercial Lot" at an average price of ₱ 44 / m² followed by "Condominium" priced at ₱ 113 / m². "House" is the most affordable type of property with a ₱ 133 / m² value followed by "Lot" with an average price of ₱ 128 / m².
