The rent prices in real estate in Quezon City, in the Metro Manila 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 Quezon City has had a strong fall during the last 6 months. In October, the average price per m² was ₱ 552.69. In the following month the price per m² fell to ₱ 494.84. The price for the following two months in (December, January) had a considerable fall of 81 with regard to the previous two months. The price per m² has had a considerable fall of 58 % 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 ₱ 473.36 to ₱ 275.65 during February, and March.
When referring to the price in Quezon City (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is ₱ 22,843. In November This price remains at ₱ 22,506. During the following two months (December, January) the price has had an average rise from ₱ 22,674.5 to ₱ 25,770. During the last two months the average price has fallen greatly compared to the previous four going from ₱ 24,222.25 to ₱ 15,654, which means a 65 % fall.