The prices in real estate in Pasay, in the Metro Manila region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Pasay has increased during the last 6 months. In October, the average price per m² was ₱ 187,355. In the following month the price per m² decreased to ₱ 171,918. The price for the following two months in (December, January) had a considerable increment of 126 %. The price per m² has increased 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 ₱ 202,692.5 to ₱ 217,373.5 during February, and March.
Based upon to the price in Pasay (cities), this has gone up in the last 6 months. The average price for October is ₱ 6,599,300. During November the price had a slight fall till ₱ 6,066,553. During the following two months (December, January) the average price had a considerable increase of 124 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₱ 7,084,397 and ₱ 7,280,900 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 7,262,827 they are 4 % more affordable than the average price for Pasay. The properties with the highest average price have 4 bedrooms, Their price is 180 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 19,388,889.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 167,395 / m², with an average ₱ 210,717 / m² price in Pasay. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 223,993 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of ₱ 7,262,827 it is 33 % cheaper than the average price in Pasay. "Condominium" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Apartment". At a price of ₱ 14,593,717 it is 1411 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of ₱ 112,196 / m² followed by "Townhouse" priced at ₱ 121,763 / m². "Condominium" is the cheapest type of property with a ₱ 184,317 / m² value followed by "Commercial Lot" with an average price of ₱ 173,869 / m².
