Property prices for rent in Pasay (Metro Manila)

The rent prices in real estate in Pasay, in the Metro Manila region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

₱ 74,973
Average price last 6 months
₱ 1,189.88
Price/m² last 6 months
Average price per m2

The price per m² in Pasay has had a strong fall during the last 6 months. In September, the average price per m² was ₱ 1,454.6. In the following month the price per m² rose to ₱ 1,634.69. The price for the following two months in (November, December) had a considerable fall of 70 with regard to the previous two months. The price per m² has had a considerable fall of 72 % 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 ₱ 1,311.49 to ₱ 946.65 during January, and February.

Average price

When referring to the price in Pasay (cities), this has fallen considerably in the last 6 months. The average price for September is ₱ 143,320. During October the price had a considerable fall till ₱ 64,377. During the following two months (November, December) the average price had a considerable fall of 85 % 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 ₱ 96,006.5 to ₱ 32,906, which means a 34 % fall.

Average price per bedrooms

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 ₱ 32,931 they are 8 % more affordable than the average price for Pasay . The properties with the highest average price have 3 bedrooms, Their price is 160 % more expensive than the average. After that we have properties with 4 bedrooms priced at ₱ 60,456.

With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 456 / m², with an average ₱ 944.01 / m² price in Pasay. The properties with the most expensive average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 876.28 / m².

Price per property type

The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 32,931 it is 13 % more affordable than the average price in Pasay. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Commercial Lot". At a price of ₱ 81,750 it is 164 % more expensive than the average price.

According to the average cost per m², the most affordable property is "Apartment" at an average price of ₱ 440 / m² followed by "Townhouse" priced at ₱ 593 / m². "Condominium" is the most affordable type of property with a ₱ 830 / m² value followed by "Commercial Lot" with an average price of ₱ 752 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Pasay
Number of properties used in region Metro Manila
₱ 32,931
₱ 944.01
628
86,506
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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