The prices in real estate in Muntinlupa City, in the Rizal region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Muntinlupa City has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 123,768. In the following month the price per m² decreased to ₱ 110,729. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per m² has had a considerable deflation of 59 % 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 ₱ 112,176.75 to ₱ 65,798 during February, and March.
Based upon to the price in Muntinlupa City (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 30,594,025. During November the price had a considerable reduction till ₱ 15,691,025. During the following two months (December, January) the average price fell 93 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₱ 22,342,940 to ₱ 4,703,258.5, which means a 21 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of ₱ 2,849,143 they are 3 % more affordable than the average price for Muntinlupa City. The properties with the highest average price have 4 bedrooms, Their price is 1374 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 10,845,026.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 47,553 / m², with an average ₱ 53,008 / m² price in Muntinlupa City. The properties with the highest average prices have 4 bedrooms. They are 153 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 91,140 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 2,849,143 it is 7 % cheaper than the average price in Muntinlupa City. "Condominium" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Lot". At a price of ₱ 119,312,438 it is 9455 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of ₱ 51,359 / m² followed by "Commercial Lot" priced at ₱ 91,894 / m². "Office" is the most costly type of property with a ₱ 242,854 / m² cost followed by "Condominium" with an average price of ₱ 136,294 / m².
