The average price of a sq.m Apartment of Kyoto JR JR Katamachi Line, in 2017 was 411,111 JPY/sq.m. The market value represents an increase of 98,129 JPY (+31.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 10 (-90.9%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 12.0 years old (a +2.3% increase compared to the 11.7 years old of last year.). The average size of the real estate was 90.0 sq.m (a +13.1% increase compared to the 79.5 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.
Cause of price increases
- A dramatic decrease in average distance from the station (representing 9.6 min in 2016 and 6.0 min in 2017; -37.7%)
The highest Apartment market value is Matsuiyamate at 335,416 JPY/sq.m. On the other hand, those with the lowest market value is Kidu at 140,000 JPY/sq.m.
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Oosumi at -58.3% (The rate of decline after 30 years). On the other hand, market values along the Matsuiyamate was the most resistant to decline at -43.5% (The same rate).
Data regarding the market value and its changes of Apartment in JR Katamachi Line were calculated using data on the sales of 131 properties provided by the MLIT Japan.