Kyoto Municipal Apartment market overview [Show ]

The average price of a sq.m Apartment of Kyoto Kyoto Municipal, in 2017 was 516,796 JPY/sq.m. The market value represents an increase of 71,067 JPY (+15.9%) compared to 1 year ago and a transition to a bull market. 65 properties exchanged hands ( The market value represents a decrease of 324 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.7 years old (a -7.0% decrease compared to the 20.1 years old of last year.). The average size of the real estate was 50.1 sq.m (a +7.7% increase compared to the 46.5 sq.m of last year.).

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

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.4% of total transactions in 2016 and 7.8% of total transactions in 2017)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 38.2% of total transactions in 2016 and 34.4% of total transactions in 2017)

Causes of price decreases

  • An increase in average distance from the station (representing 7.8 min in 2016 and 9.0 min in 2017; +15.5%)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 36.3% of total transactions in 2016 and 33.3% of total transactions in 2017)
  • A some decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 8.5% of total transactions in 2016 and 7.9% of total transactions in 2017)

The highest Apartment market value is Kyoto Subway Karasuma Line at 425,000 JPY/sq.m. On the other hand, those with the lowest market value is Kyoto Subway Tozai Line at 377,777 JPY/sq.m.

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Kyoto Subway Karasuma Line at -51.5% (The rate of decline after 30 years). On the other hand, market values along the Kyoto Subway Tozai Line was the most resistant to decline at -50.3% (The same rate).

Data regarding the market value and its changes of Apartment in Kyoto Municipal were calculated using data on the sales of 4,210 properties provided by the MLIT Japan.

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