The rent prices in real estate in Marikina, in the Metro Manila 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 Marikina has fallen during the last 6 months. In October, the average price per m² was ₱ 461. In the following month the price per m² fell considerably to ₱ 200. The price for the following two months in (December, January) had a considerable rise of 139 %. The price per m² has risen 114 % 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 ₱ 394.41 to ₱ 449.62 during February, and March.
When referring to the price in Marikina (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₱ 110,692. In November This price remains at ₱ 109,600. During the following two months (December, January) the average price had a considerable fall of 47 % 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 ₱ 80,773 to ₱ 64,300, which means a 80 % 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 ₱ 77,200 they are 83 % more affordable than the average price for Marikina . The properties with the lowest average price have 2 bedrooms, Their price is 73 % more affordable than the average. After that we have properties with 3 bedrooms priced at ₱ 18,685.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 158 / m², with an average ₱ 440.91 / m² price in Marikina. The properties with the most expensive average prices have 4 bedrooms. They are 62 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 499 / m².
The graph displaying the average rent prices displays the property type "House And Lot" as the most affordable one. At an cost of ₱ 77,200 it is 77 % more affordable than the average price in Marikina. "House" is seen as the second most affordable property type. The most affordable property is "Townhouse" followed by "Condominium". At a price of ₱ 18,988 it is 75 % more affordable than the average price.
According to the average cost per m², the least affordable property would be "House And Lot" at an average price of ₱ 700 / m² followed by "House" priced at ₱ 715 / m². "Townhouse" is the most expensive type of property with a ₱ 721 / m² value followed by "Condominium" with an average price of ₱ 716 / m².
