The average price of a sq.m Apartment of Kagoshima Kirishima-Shi, in 2016 was 242,095 JPY/sq.m. The market value represents an increase of 126,711 JPY (+109.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 6.4 years old (a -74.6% decrease compared to the 25.0 years old of last year.). The average size of the real estate was 85.0 sq.m (a +30.8% increase compared to the 65.0 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.
Cause of price increases
- A dramatic decrease in average age of the building (representing 25.0 years old in 2015 and 6.4 years old in 2016; -74.6%)
- A dramatic decrease in average distance from the station (representing 60.0 min in 2015 and 12.4 min in 2016; -79.3%)
The highest Apartment market value is 国分中央 at 237,814 JPY/sq.m. On the other hand, those with the lowest market value is 霧島田口 at 131,428 JPY/sq.m.
In accordance with the aging of buildings, the area whose values were most likely to decline was the 霧島田口 at -59.6% (The rate of decline after 30 years). On the other hand, market values along the 国分中央 was the most resistant to decline at -50.3% (The same rate).Data regarding the market value and its changes of Apartment in Kirishima-Shi were calculated using data on the sales of 29 properties provided by the MLIT Japan.
Kagoshima Kirishima-Shi (29)