The prices in real estate in Puerto Princesa, in the Palawan region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Puerto Princesa has increased strongly during the last 6 months. In October, the average price per m² was ₱ 18,482. In November this price pretty much remained the same at a value of ₱ 17,857 per m². The price for the following two months in (December, January) had a considerable increment of 882 %. The price per m² has had a considerable increase of 240 % 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 ₱ 89,252.5 to ₱ 213,941 during February, and March.
Based upon to the price in Puerto Princesa (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₱ 35,959,125. In November This price remains at ₱ 35,709,125. During the following two months (December, January) the average price had a considerable reduction of 29 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 23,086,352 to ₱ 8,486,096, which means a 37 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 6 % cheaper than the average price of ₱ 7,267,723 in Puerto Princesa. Based on the bedrooms values, properties with the highest prices are those with 2 bedrooms. They are 149 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 2 % more costly than the average price of (₱ 213,217 / m²) in Puerto Princesa. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 2 bedrooms. They are 27 % more costly than the average value aforementioned.
