The average rent price in the Metro Manila region has had a slight fall in recent months. There has been a fall in the rent prices in this region.
The price per m² in Metro Manila has fallen in the last 6 months. During October, the average price per m² was ₱ 874.19. The following month the price fell to ₱ 782.77 per m². The price per m² for the following two months barely changed going from ₱ 828.48 to ₱ 792.59 per m². In the last two months, the price has barely changed with regard to the average value for the last 4 months going from an average price per m² of ₱ 810.53 to ₱ 790.36 during February and March.
When referring to the price in Metro Manila(region), this has fallen considerably in the last 6 months. October has an average price of ₱ 75,970. During Novemberthe price had a strong fall till ₱ 59,381. In the following two months the average price has fallen 67 % compared to the previous two. During the last two months the average price has not gone through any changes and has gone from ₱ 56,398.75 to ₱ 55,936 during February and March.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 48 % cheaper than the average price in Metro Manila followed by those with 2 with an average price of ₱ 54,138. The most expensive properties have 4 bedrooms. They are 257 % more expensive than the average followed by those properties with 3 bedrooms priced at ₱ 135,905.
Based on the average price per m² those properties with 4 bedrooms are the most affordable ones with a price of ₱ 482.94 / m² being ₱ 754.48 / m² the average for Metro Manila. The properties with the highest average price are those with 3 bedrooms. These are 13 % more expensive than the average followed by those with 1 bedroom with a price of ₱ 800.42 / m².
The graph displaying the average rent price according to the property type shows "Lot" as the most affordable one. With an average cost of ₱ 59,241 it is 18 % cheaper than the average in Metro Manila. This is followed by "Condominium" with a cost of ₱ 63,156. The most expensive property type is "Office" and is 360 % more costly than the average, followed by "House" with a cost of ₱ 254,875.
Based upon the average cost per m² the most affordable property type is "House with a an average price of ₱ 483.94 / m², followed by "Lot" with a price of ₱ 577.02 / m². "Townhouse" with an average price of ₱ 987.44 / m² is the most expensive type of property followed by "Condominium" at a price of ₱ 831.95 / m².
