The rent prices in real estate in Mandaue, 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 Mandaue has risen during the last 6 months. In October, the average price per m² was ₱ 551.9. In the following month the price per m² fell considerably to ₱ 462.19. The price for the following two months in (December, January) had a considerable rise of 120 %. 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 ₱ 558.94 to ₱ 653.69 during February, and March.
When referring to the price in Mandaue (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₱ 129,069. In November This price remains at ₱ 129,456. During the following two months (December, January) the average price had a considerable fall of 43 % 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 ₱ 92,650.5 to ₱ 69,712, which means a 75 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of ₱ 87,071 they are 68 % more affordable than the average price for Mandaue . The properties with the lowest average price have 4 bedrooms, Their price is 40 % more affordable than the average. After that we have properties with 1 bedroom priced at ₱ 30,600.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of ₱ 280 / m², with an average ₱ 623.72 / m² price in Mandaue. The properties with the most expensive average prices have 1 bedroom. They are 41 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 637 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of ₱ 87,071 it is 96 % more affordable than the average price in Mandaue. "House" is seen as the second most affordable property type. The most expensive property type is "Condominium" followed by "Lot". At a price of ₱ 67,057 it is 31 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Condominium" at an average price of ₱ 259 / m² followed by "Lot" priced at ₱ 262 / m². "House" is the most expensive type of property with a ₱ 637 / m² value followed by "Commercial Lot" with an average price of ₱ 358 / m².
