The average rent price in the Cebu City region has remained at pretty much the same value in recent months. Rent prices in this region have remained pretty much the same.
The price per m² in Cebu City has barely changed in the last 6 months. During October, the average price per m² was ₱ 608.42. In November the price barely changed remaining at ₱ 600.25 per m². The following two months (December, January) went through a rise of 112 % in the rent price per m² rising from ₱ 604.34 to ₱ 678.51 per m². In the last two months, the price per m² has fallen 93 %. This has been obtained by comparing the price ₱ 641.42 for the first four months of the sample with regard to the previous 4 months and the price ₱ 596.66 per m² for the last two months (February, March).
When referring to the price in Cebu City(region), this has fallen considerably in the last 6 months. In the first month sample October the average price is ₱ 88,423. In November the price remains at ₱ 91,423. In the following two months the average price has fallen 77 % compared to the previous two. During the last two months the price has had a considerable fall of 56 % with respect to the previous four months going from ₱ 79,365.75 a ₱ 44,738.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 11 % cheaper than the average price in Cebu City followed by those with 2 with an average price of ₱ 54,375. The most expensive properties have 4 bedrooms. They are 152 % more expensive than the average followed by those properties with 3 bedrooms priced at ₱ 90,000.
Based on the average price per m² those properties with 4 bedrooms are the most affordable ones with a price of ₱ 284.02 / m² being ₱ 520.56 / m² the average for Cebu City. The properties with the highest average price are those with 1 bedroom. These are 63 % more expensive than the average followed by those with 3 bedrooms with a price of ₱ 682.12 / m².
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of ₱ 37,963 it is 21 % cheaper than the average in Cebu City. This is followed by "Condominium" with a cost of ₱ 42,091. The most expensive property type is "Lot" and is 86 % more costly than the average, followed by "Commercial Lot" with a cost of ₱ 69,238.
Based upon the average cost per m² the most affordable property type is "Commercial Lot with a an average price of ₱ 282.06 / m², followed by "Lot" with a price of ₱ 461.68 / m². "Condominium" with an average price of ₱ 805.43 / m² is the most expensive type of property followed by "House" at a price of ₱ 575.4 / m².
