The rent prices in real estate in Muntinlupa City, in the Rizal 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 Muntinlupa City has risen strongly during the last 6 months. In November, the average price per m² was ₱ 636.65. In the following month the price per m² rose considerably to ₱ 847.64. The price for the following two months in (January, February) had a considerable rise of 127 %. 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 ₱ 843.77 to ₱ 814.54 during March y April
When referring to the price in Muntinlupa City (cities), this has fallen considerably in the last 6 months. The average price for November is ₱ 140,541. During December the price had a considerable fall till ₱ 109,334. During the following two months (January, February) the average price had a considerable fall of 76 % 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 95 %, going from ₱ 109,984 to ₱ 104,260.5 in March and April.
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 ₱ 118,968 they are 52 % more affordable than the average price for Muntinlupa City . The properties with the highest average price have 4 bedrooms, Their price is 78 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₱ 160,909.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 449.32 / m², with an average ₱ 749.12 / m² price in Muntinlupa City. The properties with the most expensive average prices have 1 bedroom. They are 49 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 792.29 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₱ 118,968 it is 50 % more affordable than the average price in Muntinlupa City. "Condominium" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Lot". At a price of ₱ 116,528 it is 70 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of ₱ 465.14 / m² followed by "Lot" priced at ₱ 802 / m². "Condominium" is the most expensive type of property with a ₱ 959.58 / m² value followed by "Townhouse" with an average price of ₱ 861 / m².
