The rent prices in real estate in Mandaue City, in the Mandaue 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 Mandaue City has risen strongly during the last 6 months. In October, the average price per m² was ₱ 417.91. In November this price barely changed remaining at ₱ 426.31 per m². In the following two months the price per m² has risen 111 %, going from ₱ 422.11 to ₱ 467.52 per m². The price per m² has had a considerable rise of 122 % 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 ₱ 444.82 to ₱ 542.57 during February, and March.
When referring to the price in Mandaue City (cities), this has fallen in the last 6 months. The average price for October is ₱ 90,740. During November the price had a slight fall till ₱ 85,071. During the following two months (December, January) the average price had a considerable fall of 83 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
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 ₱ 101,328 they are 73 % more affordable than the average price for Mandaue City . The properties with the lowest average price have 3 bedrooms, Their price is 34 % more affordable than the average. After that we have properties with 4 bedrooms priced at ₱ 65,500.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 297.38 / m², with an average ₱ 547.52 / m² price in Mandaue City. The properties with the most expensive average prices have 1 bedroom. They are 52 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 644.69 / m².
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of ₱ 101,328 it is 64 % more affordable than the average price in Mandaue City. "House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Lot". At a price of ₱ 287,668 it is 226 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of ₱ 163.57 / m² followed by "Lot" priced at ₱ 255.95 / m². "Condominium" is the most expensive type of property with a ₱ 812.6 / m² value followed by "House And Lot" with an average price of ₱ 753.06 / m².