The average price of a sq.m Apartment of Kyoto Uji-Shi, in 2017 was 225,696 JPY/sq.m. The market value represents an increase of 15,481 JPY (+7.4%) compared to 1 year ago and a transition to a strong market. 4 properties exchanged hands ( The market value represents a decrease of 49 (-92.5%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 20.8 years old (a -0.9% decrease compared to the 21.0 years old of last year.). The average size of the real estate was 66.2 sq.m (a -3.0% decrease compared to the 68.3 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.
Cause of price increases
- A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 15.1% of total transactions in 2016 and 25.0% of total transactions in 2017)
Causes of price decreases
- An increase in average distance from the station (representing 7.3 min in 2016 and 8.8 min in 2017; +19.8%)
The highest Apartment market value is 六地蔵 at 360,000 JPY/sq.m. On the other hand, those with the lowest market value is 槇島町 at 146,428 JPY/sq.m.
In accordance with the aging of buildings, the area whose values were most likely to decline was the 五ケ庄 at -67.3% (The rate of decline after 30 years). On the other hand, market values along the 莵道 was the most resistant to decline at -22.2% (The same rate).
Data regarding the market value and its changes of Apartment in Uji-Shi were calculated using data on the sales of 595 properties provided by the MLIT Japan.