The prices in real estate in Taguig, 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 Taguig has had a strong decrease during the last 6 months. In October, the average price per m² was ₱ 289,920. In the following month the price per m² decreased to ₱ 268,216. In the following two months the price per m² has barely changed, going from ₱ 279,068 to ₱ 274,282 per m². The price per m² has had a considerable deflation of 73 % 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 ₱ 276,675 to ₱ 202,278 during February, and March.
Based upon to the price in Taguig (cities), this has fallen considerably in the last 6 months. The average price for October is ₱ 31,746,870. During November the price had a considerable reduction till ₱ 23,526,986. During the following two months (December, January) the average price had a considerable reduction of 83 % 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 ₱ 25,307,760 to ₱ 15,340,496, which means a 61 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 9,486,095 they are 37 % more affordable than the average price for Taguig. The properties with the highest average price have 4 bedrooms, Their price is 512 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 15,605,624.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of ₱ 103,044 / m², with an average ₱ 133,768 / m² price in Taguig. The properties with the highest average prices have 4 bedrooms. They are 67 % more expensive than the average followed by properties with 3 bedrooms with a price at ₱ 143,689 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 9,486,095 it is 36 % cheaper than the average price in Taguig. "Condominium" is seen as the second most affordable property type. The dearest property type is "Lot" followed by "House". At a price of ₱ 50,390,163 it is 775 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of ₱ 107,314 / m² followed by "Lot" priced at ₱ 141,431 / m². "Condominium" is the most costly type of property with a ₱ 265,583 / m² cost followed by "Office" with an average price of ₱ 259,839 / m².
