The rent prices in real estate in Naga City, in the Naga 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 Naga City has risen strongly during the last 6 months. In September, the average price per m² was ₱ 136. In October this price barely changed remaining at ₱ 136 per m². The price for the following two months in (November, December) had a considerable rise of 411 %. The price per m² has fallen 91 % 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 ₱ 347.5 to ₱ 314.5 during January, and February.
When referring to the price in Naga City (cities), this has risen considerably in the last 6 months. In our first sample month during September, the average price is ₱ 42,121. In October This price remains at ₱ 42,121. During the following two months (November, December) the average price had a considerable rise of 133 % 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 92 %, going from ₱ 49,052.5 to ₱ 44,978.5 in January and February.
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 ₱ 42,078 they are 8 % more affordable than the average price for Naga City . The properties with the lowest average price have 1 bedroom, Their price is 7 % more affordable than the average. After that we have properties with 3 bedrooms priced at ₱ 39,076.
With regard to the average price per m², those properties with 4 bedrooms are the most expensive ones at a cost of ₱ 469 / m², with an average ₱ 135 / m² price in Naga City. The properties with the most expensive average prices have 1 bedroom. They are 255 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 474 / m².
With regard to the average price based on the property in Naga City we can see that the most affordable type of property is "House And Lot" at ₱ 38,879, which is 8 % cheaper than the average price. "House And Lot" has the most affordable price. This price is 8 % more affordable than the average price aforementioned.
According to the average area price by m² the most expensive property type is "House And Lot with an average cost of ₱ 469 / m². "House And Lot" at an average price of ₱ 469 / m² has the highest price and would be directed at more affluent cities.