The rent prices in real estate in Lapu-lapu, in the Cebu region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Lapu-lapu has risen during the last 6 months. In October, the average price per m² was ₱ 589.1. In November this price barely changed remaining at ₱ 569.82 per m². In the following two months the price per m² has risen 111 %, going from ₱ 579.46 to ₱ 644.93 per m². The price per m² has had a considerable rise of 117 % 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 ₱ 612.2 to ₱ 716.03 during February, and March.
When referring to the price in Lapu-lapu (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₱ 59,882. In November This price remains at ₱ 60,983. During the following two months (December, January) the average price had a considerable fall of 63 % 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 ₱ 49,350.5 to ₱ 31,060, which means a 63 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of ₱ 29,750 they are 3 % more expensive than the average price for Lapu-lapu. Following this ranking we find those properties with 3 at an average price of ₱ 35,892. The properties with the highest average price have 2 bedrooms, Their price is 63 % more expensive than the average. After that we have properties with 4 bedrooms priced at ₱ 39,427.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 280 / m², with an average ₱ 738.46 / m² price in Lapu-lapu. The properties with the most expensive average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 599 / m².
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of ₱ 29,750 it is 2 % more affordable than the average price in Lapu-lapu. "House" is seen as the second most affordable property type. The most expensive property type is "Lot" followed by "Apartment". At a price of ₱ 49,330 it is 179 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of ₱ 272 / m² followed by "Villa" priced at ₱ 408 / m². "Condominium" is the most affordable type of property with a ₱ 719 / m² value followed by "Lot" with an average price of ₱ 538 / m².
