The rent prices in real estate in Pampanga, in the Pampanga region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Pampanga has had a strong fall during the last 6 months. In October, the average price per m² was ₱ 22,812.82. In November this price barely changed remaining at ₱ 22,812.82 per m². The price for the following two months in (December, January) had a considerable fall of 3 with regard to the previous two months. The price per m² has had a considerable fall of 17 % 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 ₱ 11,756.66 to ₱ 1,942.89 during February, and March.
When referring to the price in Pampanga (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₱ 816,538. In November This price remains at ₱ 816,538. During the following two months (December, January) the average price had a considerable fall of 8 % 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 ₱ 439,093.25 to ₱ 110,537, which means a 25 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 79 % more affordable than the average price of ₱ 38,181 in Pampanga. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 79 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 78 % more affordable than the average price of (₱ 633 / m²) in Pampanga. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 78 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of ₱ 181,250 it is 83 % more affordable than the average price in Pampanga. "House And Lot" is seen as the second most affordable property type. The most affordable property is "House" followed by "Lot". At a price of ₱ 37,986 it is 79 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Office" at an average price of ₱ 88 / m² followed by "House And Lot" priced at ₱ 618 / m². "House" is the most affordable type of property with a ₱ 633 / m² value followed by "Lot" with an average price of ₱ 628 / m².
