The rent prices in real estate in Malay, in the Aklan region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Malay has fallen during the last 6 months. In October, the average price per m² was ₱ 759.69. In the following month the price per m² rose to ₱ 865.41. The price for the following two months in (December, January) fell 85 % with regard to the previous two months. The price per m² has had a considerable fall of 68 % 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 ₱ 753.33 to ₱ 515.86 during February, and March.
When referring to the price in Malay (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₱ 150,000. In November This price remains at ₱ 148,333. During the following two months (December, January) the average price had a considerable fall of 67 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from ₱ 124,583.25 to ₱ 112,623 in February and March.
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 ₱ 110,083 they are 96 % more affordable than the average price for Malay . The properties with the highest average price have 1 bedroom, Their price is 6 % more expensive than the average. After that we have properties with 2 bedrooms priced at ₱ 4,885.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 72 / m², with an average ₱ 469 / m² price in Malay. The properties with the most expensive average prices have 1 bedroom. They are 150 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 102 / m².
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 110,083 it is 96 % more affordable than the average price in Malay. "Commercial Lot" is seen as the second most affordable property type. The most affordable property is "Commercial Lot" followed by "Condominium". At a price of ₱ 4,735 it is 84 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Condominium" at an average price of ₱ 72 / m² followed by "Commercial Lot" priced at ₱ 167 / m². "Commercial Lot" is the most affordable type of property with a ₱ 167 / m² value followed by "Condominium" with an average price of ₱ 72 / m².
