The rent prices in real estate in Pasay City, in the Pasay City 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 Pasay City has had a strong fall during the last 6 months. In October, the average price per m² was ₱ 1,083.87. In the following month the price per m² fell considerably to ₱ 853.74. The price for the following two months in (December, January) fell 89 % with regard to the previous two months. The price per m² has fallen 94 % 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 ₱ 917.86 to ₱ 864.89 during February, and March.
When referring to the price in Pasay City (cities), this has fallen in the last 6 months. The average price for October is ₱ 43,780. During November the price had a considerable fall till ₱ 34,999. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 39,389.5 to ₱ 39,723.5. Based on an analysis of the first four prices and the last two months the average price has increased 108 % during the last two months.
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 ₱ 45,221 they are 35 % more affordable than the average price for Pasay City . The properties with the highest average price have 4 bedrooms, Their price is 100 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₱ 73,002.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 717.89 / m², with an average ₱ 900.13 / m² price in Pasay City. The properties with the most expensive average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 894.29 / m².
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 45,221 it is 13 % more affordable than the average price in Pasay City. "Townhouse" is seen as the second most affordable property type. The most affordable property is "Apartment" followed by "House". At a price of ₱ 40,716 it is 10 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Condominium" at an average price of ₱ 894 / m² followed by "Townhouse" priced at ₱ 1,187 / m². "Apartment" is the most expensive type of property with a ₱ 1,217 / m² value followed by "House" with an average price of ₱ 1,207 / m².
