The rent prices in real estate in San Fernando, in the Pampanga region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in San Fernando has risen during the last 6 months. In October, the average price per m² was ₱ 298.79. In the following month the price per m² rose considerably to ₱ 343.78. In the following two months the price per m² has practically remained the same, going from ₱ 321.29 to ₱ 323.01 per m². The price per m² has risen 106 % 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 ₱ 322.15 to ₱ 340.57 during February, and March.
When referring to the price in San Fernando (cities), this has risen in the last 6 months. The average price for October is ₱ 67,632. During November the price had a slight fall till ₱ 61,317. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 64,474.5 to ₱ 67,076.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 127 % 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 ₱ 97,388 they are 66 % more affordable than the average price for San Fernando . The properties with the lowest average price have 2 bedrooms, Their price is 60 % more affordable than the average. After that we have properties with 1 bedroom priced at ₱ 32,934.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of ₱ 178 / m², with an average ₱ 347.72 / m² price in San Fernando. The properties with the most expensive average prices have 1 bedroom. They are 56 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 178 / m².
The graph displaying the average rent prices displays the property type "Lot" as the most affordable one. At an cost of ₱ 97,388 it is 73 % more affordable than the average price in San Fernando. "Apartment" is seen as the second most affordable property type. The most affordable property is "House" followed by "Condominium". At a price of ₱ 27,244 it is 60 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of ₱ 77 / m² followed by "Duplex" priced at ₱ 82 / m². "House" is the most affordable type of property with a ₱ 178 / m² value followed by "Lot" with an average price of ₱ 148 / m².
