Property Prices in Lapu-Lapu, Philippines

Index Info
Price to Income Ratio: 16.03
Mortgage as Percentage of Income: 195.24%
Loan Affordability Index: 0.51
Price to Rent Ratio - City Centre: 18.06
Price to Rent Ratio - Outside of Centre: 19.27
Gross Rental Yield (City Centre): 5.54%
Gross Rental Yield (Outside of Centre): 5.19%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 16,446.41 ₱ 5,000.00-40,000.00
Apartment (1 bedroom) Outside of Centre 12,267.07 ₱ 3,000.00-35,000.00
Apartment (3 bedrooms) in City Centre 32,326.05 ₱ 15,000.00-100,000.00
Apartment (3 bedrooms) Outside of Centre 27,729.90 ₱ 12,000.00-60,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 6,270.90 ₱ 3,251.58-9,290.23
Price per Square Feet to Buy Apartment Outside of Centre 5,341.88 ₱ 2,322.56-8,361.20
Salaries And Financing
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Average Monthly Net Salary (After Tax) 19,500.00 ₱
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.75 6.50-15.00

These data are based on 34 entries in the past 18 months from 6 different contributors.
Last update: December 2023

Sources and References
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