The rent prices in real estate in Pampanga, in the Pampanga region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Pampanga has had a strong fall during the last 6 months. In September, the average price per m² was ₱ 22,812.82. In October this price barely changed remaining at ₱ 22,812.82 per m². The price for the following two months in (November, December) had a considerable fall of 51 with regard to the previous two months. The price per m² has had a considerable fall of 5 % 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 ₱ 17,250.87 to ₱ 912 during January, and February.
When referring to the price in Pampanga (cities), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is ₱ 816,538. In October This price remains at ₱ 816,538. During the following two months (November, December) the average price had a considerable fall of 53 % 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 ₱ 626,644.5 to ₱ 53,078.5, which means a 8 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 4 % more affordable than the average price of ₱ 38,220 in Pampanga. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 4 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 36 % more affordable than the average price of (₱ 634 / m²) in Pampanga. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 36 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of ₱ 39,824 it is 25 % more affordable than the average price in Pampanga. "House And Lot" is seen as the second most affordable property type. The most affordable property is "House" followed by "Lot". At a price of ₱ 38,025 it is 4 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Office" at an average price of ₱ 89 / m² followed by "House And Lot" priced at ₱ 619 / m². "House" is the most affordable type of property with a ₱ 634 / m² value followed by "Lot" with an average price of ₱ 629 / m².