The rent prices in real estate in Valenzuela, in the Metro Manila 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 Valenzuela has risen strongly during the last 6 months. In October, the average price per m² was ₱ 293.46. In the following month the price per m² rose considerably to ₱ 397.63. The price for the following two months in (December, January) had a considerable rise of 121 %. The price per m² has risen 107 % 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 ₱ 382.61 to ₱ 408.24 during February, and March.
When referring to the price in Valenzuela (cities), there have hardly been any changes in the last 6 months. The average price for October is ₱ 164,445. During November the price had a considerable fall till ₱ 108,195. During the following two months (December, January) the average price had a considerable rise of 127 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 122 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of ₱ 161,667 they are 95 % more affordable than the average price for Valenzuela . The properties with the lowest average price have 1 bedroom, Their price is 86 % more affordable than the average. After that we have properties with 4 bedrooms priced at ₱ 22,082.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of ₱ 186 / m², with an average ₱ 540.48 / m² price in Valenzuela. The properties with the most expensive average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 4 bedrooms with a price at ₱ 370 / m².
The graph displaying the average rent prices displays the property type "Commercial Lot" as the most affordable one. At an cost of ₱ 161,667 it is 87 % more affordable than the average price in Valenzuela. "Lot" is seen as the second most affordable property type. The most affordable property is "House" followed by "Townhouse". At a price of ₱ 21,748 it is 86 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Commercial Lot" at an average price of ₱ 335 / m² followed by "Lot" priced at ₱ 345 / m². "House" is the most affordable type of property with a ₱ 370 / m² value followed by "Townhouse" with an average price of ₱ 355 / m².
