Caloocan has cheapest house prices in NCR — Lamudi

MANILA, Philippines - Buyers looking for houses in Metro Manila should look in Caloocan as it offers the cheapest prices on the average, global online property platform Lamudi revealed in its latest report.

When it comes to affordability of houses, Lamudi said Caloocan is the undisputed leader as the median house price in the city is at P787,750 and more than 50 percent of houses for sale are priced P1 million or less.

Lamudi said Valenzuela, Marikina and Las Piñas also provide affordable houses as 99, 94 and 88 percent of listed houses for sale, respectively, have asking prices of below P10 million.

On the other hand, the report showed cities with the most expensive homes based on median house prices are Makati, Taguig, Muntinlupa, San Juan and Mandaluyong.

Lamudi said only a few of listed houses for sale in these cities have asking prices of less than P10 million.

Makati tops the list of having the most expensive homes, with its costliest house for sale priced at P1.18 billion and the city’s median house price at P130 million.

Lamudi said 59 percent of all listed houses in Makati have asking prices of more than P100 million.

Metro Manila’s second most expensive city to buy a house is Taguig, Lamudi’s report showed, where the median house price is P34 million and the most expensive listed property is valued at P95 million.

In terms of the number of properties available, Quezon City, Parañaque, Las Piñas and Pasig have the most number of for-sale houses listed in Lamudi.

The report said Quezon City has 2,585 listed houses for sale, while there are 989, 489 and 355, respectively, for Parañaque, Las Piñas and Pasig.

Very few inventories from Pasay, Pateros, Navotas and Malabon, meanwhile, are listed on the Lamudi website.

“Quezon City remains a popular choice among property-hunters looking for houses. In fact, the city not only boasts the highest number of for-sale houses, but also offers homes for a wide range of prices,” said Lamudi Philippines managing director Jacqueline van den Ende.

Lamudi is a global property portal focusing exclusively on emerging markets, generating about one million visitors per month. Its fast-growing platform is currently available in 28 countries in Asia, the Middle East, Africa and Latin America, with more than 600,000 real estate listings across its global network.