The average price of a sq.m Apartment of Osaka Han'Nan-Shi, in 2016 was 117,778 JPY/sq.m. The market value represents a decrease of 27,936 JPY (-19.2%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands (It was the same as last year.).
The average age of the real estate was 31.0 years old (a +73.4% increase compared to the 17.9 years old of last year.). The average size of the real estate was 57.5 sq.m (a -14.8% decrease compared to the 67.5 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively new buildings under 20 years old.
Causes of price decreases
- A dramatic increase in average age of the building (representing 17.9 years old in 2015 and 31.0 years old in 2016; +73.4%)
- A dramatic increase in average distance from the station (representing 3.0 min in 2015 and 7.0 min in 2016; +133.3%)
- A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2015 and 50.0% of total transactions in 2016)
The highest Apartment market value is 黒田 at 171,428 JPY/sq.m. On the other hand, those with the lowest market value is 下出 at 50,000 JPY/sq.m.
Data regarding the market value and its changes of Apartment in Han'Nan-Shi were calculated using data on the sales of 37 properties provided by the MLIT Japan.