The average price of a sq.m Apartment of Kyoto Hankyu Hankyu Arashiyama Line, in 2016 was 242,795 JPY/sq.m. The market value represents an increase of 10,338 JPY (+4.4%) compared to 1 year ago and a transition to a some market. 19 properties exchanged hands ( The market value represents a decrease of 9 (-32.1%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 22.0 years old (a -19.1% decrease compared to the 27.2 years old of last year.). The average size of the real estate was 73.2 sq.m (a +2.4% increase compared to the 71.4 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.
Cause of price increases
- An decrease in average age of the building (representing 27.2 years old in 2015 and 22.0 years old in 2016; -19.1%)
- A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.7% of total transactions in 2015 and 42.1% of total transactions in 2016)
Causes of price decreases
- A dramatic increase in transactions involving older buildings over 40 years old (representing 7.1% of total transactions in 2015 and 10.5% of total transactions in 2016)
The highest Apartment market value is Arashiyama at 392,916 JPY/sq.m. On the other hand, those with the lowest market value is Katsura at 176,470 JPY/sq.m.
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Katsura at -70.0% (The rate of decline after 30 years). On the other hand, market values along the Kamikatsura was the most resistant to decline at -34.2% (The same rate).
Data regarding the market value and its changes of Apartment in Hankyu Arashiyama Line were calculated using data on the sales of 376 properties provided by the MLIT Japan.