Kagoshima Kirishima-Shi (29)
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
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 -60.0% (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 -50.0% (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.
|Area||Average Trading Price||Average Unit Price|
|国分中央 [Utilization ]||18,281,250 JPY||230,750 JPY/sq.m|
|霧島田口||12,122,222 JPY||130,424 JPY/sq.m|