Kyoto Eizan Electric Railway Main Line Apartment market overview [Show ]

The average price of a sq.m Apartment of Kyoto Eizan Electric Railway Eizan Electric Railway Main Line, in 2017 was 259,085 JPY/sq.m. The market value represents a decrease of 135,090 JPY (-34.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 39 (-86.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.5 years old (a +30.8% increase compared to the 24.1 years old of last year.). The average size of the real estate was 70.0 sq.m (a +17.1% increase compared to the 59.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old.

Cause of price increases

  • An decrease in average distance from the station (representing 7.5 min in 2016 and 6.3 min in 2017; -15.9%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 8.9% of total transactions in 2016 and 16.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 24.1 years old in 2016 and 31.5 years old in 2017; +30.8%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 2.3% of total transactions in 2016 and 33.3% of total transactions in 2017)

The highest Apartment market value is Shuugakuinn at 400,000 JPY/sq.m. On the other hand, those with the lowest market value is Yasehieizannguchi at 157,500 JPY/sq.m.

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Mototanaka at -59.9% (The rate of decline after 30 years). On the other hand, market values along the Demachiyanagi was the most resistant to decline at -37.5% (The same rate).

Data regarding the market value and its changes of Apartment in Eizan Electric Railway Main Line were calculated using data on the sales of 466 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
Demachiyanagi [Land utilization ]23,495,745 JPY408,004 JPY/sq.m
Mototanaka [Land utilization ]17,849,688 JPY356,026 JPY/sq.m
Chayama [Land utilization ]22,804,651 JPY360,561 JPY/sq.m
Ichijouji [Land utilization ]20,711,538 JPY323,411 JPY/sq.m
Shuugakuinn [Land utilization ]21,991,489 JPY384,235 JPY/sq.m
Takaragaike [Land utilization ]28,071,429 JPY361,688 JPY/sq.m
Yasehieizannguchi [Land utilization ]9,472,222 JPY157,311 JPY/sq.m