Kyoto Municipal Kyoto Subway Karasuma Line Apartment market overview [Show ]

The average price of a sq.m Apartment of Kyoto Municipal Kyoto Subway Karasuma Line, in 2017 was 591,898 JPY/sq.m. The market value represents an increase of 101,870 JPY (+20.8%) compared to 1 year ago and a transition to a dramatic market. 41 properties exchanged hands ( The market value represents a decrease of 193 (-82.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.4 years old (a -7.6% decrease compared to the 18.9 years old of last year.). The average size of the real estate was 47.7 sq.m (a +13.9% increase compared to the 41.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving recently constructed buildings under 6 years old, as well as a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.0% of total transactions in 2016 and 10.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 37.7% of total transactions in 2016 and 30.0% of total transactions in 2017)

Causes of price decreases

  • An increase in average distance from the station (representing 8.2 min in 2016 and 9.7 min in 2017; +18.4%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 1.7% of total transactions in 2016 and 5.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 9.4% of total transactions in 2016 and 7.3% of total transactions in 2017)

The highest Apartment market value is Shijou at 600,000 JPY/sq.m. On the other hand, those with the lowest market value is Takeda at 166,666 JPY/sq.m.

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Takeda at -67.9% (The rate of decline after 30 years). On the other hand, market values along the Kujou was the most resistant to decline at -31.5% (The same rate).

Data regarding the market value and its changes of Apartment in Kyoto Subway Karasuma Line were calculated using data on the sales of 2,487 properties provided by the MLIT Japan.

Value:

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Market value

StationsAverage Trading PriceAverage Unit Price
Kokusaikaikann [Land utilization ]29,913,044 JPY422,613 JPY/sq.m
Matsugasaki [Land utilization ]34,162,500 JPY470,531 JPY/sq.m
Kitayama [Land utilization ]17,480,645 JPY301,074 JPY/sq.m
Kitaooji [Land utilization ]18,722,222 JPY310,233 JPY/sq.m
Kuramaguchi [Land utilization ]21,250,877 JPY352,977 JPY/sq.m
Imadegawa [Land utilization ]16,015,217 JPY373,916 JPY/sq.m
Marutamachi [Land utilization ]18,057,143 JPY454,964 JPY/sq.m
Karasumaoike [Land utilization ]27,316,292 JPY580,960 JPY/sq.m
Shijou [Land utilization ]28,415,534 JPY578,132 JPY/sq.m
Gojou [Land utilization ]18,600,000 JPY467,545 JPY/sq.m
Kyoto [Land utilization ]19,226,000 JPY535,379 JPY/sq.m
Kujou [Land utilization ]9,141,176 JPY309,875 JPY/sq.m
Jujo [Land utilization ]14,128,000 JPY231,950 JPY/sq.m
Kuinabashi [Land utilization ]10,862,857 JPY186,187 JPY/sq.m
Takeda [Land utilization ]9,504,000 JPY172,758 JPY/sq.m