The rent prices in real estate in Dumaguete City, in the Dumaguete City 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 Dumaguete City has risen strongly during the last 6 months. In October, the average price per m² was ₱ 367.24. In the following month the price per m² rose considerably to ₱ 470.46. The price for the following two months in (December, January) had a considerable rise of 163 %. The price per m² has had a considerable rise of 159 % 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 ₱ 550.05 to ₱ 873.69 during February, and March.
When referring to the price in Dumaguete City (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is ₱ 31,250. During November the price went through a considerable rise reaching ₱ 91,080. During the following two months (December, January) the average price had a considerable rise of 145 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from ₱ 74,782.5 to ₱ 55,325, which means a 74 % fall.
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 ₱ 49,400 they are 81 % more affordable than the average price for Dumaguete City . The properties with the lowest average price have 4 bedrooms, Their price is 28 % more affordable than the average. After that we have properties with 2 bedrooms priced at ₱ 20,927.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 122 / m², with an average ₱ 1,334.95 / m² price in Dumaguete City. The properties with the most affordable average prices have 3 bedrooms. They are 48 % more affordable than the average followed by properties with 2 bedrooms with a price at ₱ 509 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of ₱ 49,400 it is 96 % more affordable than the average price in Dumaguete City. "House" is seen as the second most affordable property type. The most affordable property is "House And Lot" followed by "Lot". At a price of ₱ 22,316 it is 28 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Condominium" at an average price of ₱ 74 / m² followed by "House" priced at ₱ 214 / m². "Lot" is the most affordable type of property with a ₱ 695 / m² value followed by "House And Lot" with an average price of ₱ 236 / m².
