The rent prices in real estate in Malabon, in the Metro Manila 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 Malabon has risen strongly during the last 6 months. In October, the average price per m² was ₱ 716.84. In the following month the price per m² rose considerably to ₱ 837.48. The price for the following two months in (December, January) had a considerable rise of 118 %. The price per m² has had a considerable rise of 123 % 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 ₱ 845.91 to ₱ 1,036.44 during February, and March.
When referring to the price in Malabon (cities), this has risen in the last 6 months. The rent price in October is ₱ 116,667, rising in November till ₱ 126,875. In the following two months the average price has hardly changed with regard to the previous two months from ₱ 121,771 to ₱ 116,172. Based on an analysis of the first four prices and the last two months the average price has increased 108 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of ₱ 136,667 they are 74 % more affordable than the average price for Malabon . The properties with the lowest average price have 1 bedroom, Their price is 70 % more affordable than the average. After that we have properties with 3 bedrooms priced at ₱ 40,474.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 211 / m², with an average ₱ 1,099.65 / m² price in Malabon. The properties with the most affordable average prices have 4 bedrooms. They are 71 % more affordable than the average followed by properties with 1 bedroom with a price at ₱ 226 / m².
The graph displaying the average rent prices displays the property type "Lot" as the most affordable one. At an cost of ₱ 136,667 it is 75 % more affordable than the average price in Malabon. "Commercial Lot" is seen as the second most affordable property type. The most affordable property is "Condominium" followed by "Commercial Lot". At a price of ₱ 34,957 it is 74 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Lot" at an average price of ₱ 309 / m² followed by "Commercial Lot" priced at ₱ 314 / m². "Condominium" is the most affordable type of property with a ₱ 319 / m² value followed by "Commercial Lot" with an average price of ₱ 314 / m².
