The prices in real estate in Malabon, in the Metro Manila region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Malabon has increased strongly during the last 6 months. In October, the average price per m² was ₱ 91,291. In the following month the price per m² increased to ₱ 104,751. In the following two months the price per m² has increased 112 %, going from ₱ 98,021 to ₱ 109,388.5 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 103,704.75 to ₱ 103,260.5 during February y March
Based upon to the price in Malabon (cities), this has gone downing the last 6 months. The price in October is ₱ 18,509,625, rising in November till ₱ 20,369,625. During the following two months (December, January) the price has had an average incrementation from ₱ 19,439,624 to ₱ 20,458,262. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 19,948,944 to ₱ 11,557,552, which means a 58 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 12,601,037 they are 63 % more affordable than the average price for Malabon. The properties with the highest average price have 4 bedrooms, Their price is 127 % more costly than the average. After that we have properties with 2 bedrooms priced at ₱ 13,944,500.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of ₱ 74,367 / m², with an average ₱ 102,507 / m² price in Malabon. The properties with the highest average prices have 2 bedrooms. They are 65 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 123,997 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 12,601,037 it is 46 % cheaper than the average price in Malabon. "Condominium" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "Commercial Lot". At a price of ₱ 34,807,030 it is 2383 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Lot" at an average cost of ₱ 36,174 / m² followed by "Commercial Lot" priced at ₱ 59,431 / m². "Condominium" is the most costly type of property with a ₱ 118,167 / m² cost followed by "Apartment" with an average price of ₱ 104,804 / m².
