The average price of a sq.m Apartment of Kyoto Nagaokakyo-Shi, in 2017 was 380,000 JPY/sq.m. The market value represents an increase of 31,076 JPY (+8.9%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands ( The market value represents a decrease of 18 (-90.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 24.0 years old (a +23.6% increase compared to the 19.4 years old of last year.). The average size of the real estate was 67.5 sq.m (a -1.1% decrease compared to the 68.2 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station.
Cause of price increases
- A dramatic decrease in average distance from the station (representing 8.9 min in 2016 and 6.0 min in 2017; -33.0%)
- A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 10.0% of total transactions in 2016 and 50.0% of total transactions in 2017)
Causes of price decreases
- A dramatic increase in average age of the building (representing 19.4 years old in 2016 and 24.0 years old in 2017; +23.6%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 50.0% of total transactions in 2017)
The highest Apartment market value is 天神 at 512,500 JPY/sq.m. On the other hand, those with the lowest market value is 奥海印寺 at 152,727 JPY/sq.m.
In accordance with the aging of buildings, the area whose values were most likely to decline was the 奥海印寺 at -62.1% (The rate of decline after 30 years). On the other hand, market values along the 一文橋 was the most resistant to decline at +15.0% (The same rate).
Data regarding the market value and its changes of Apartment in Nagaokakyo-Shi were calculated using data on the sales of 237 properties provided by the MLIT Japan.