Osaka-Shi Konohana-Ku (314)
The average price of a sq.m Apartment of Osaka-Shi Konohana-Ku, in 2017 was 333,411 JPY/sq.m. The market value represents an increase of 50,891 JPY (+18.0%) compared to 1 year ago and a transition to a bull market. 14 properties exchanged hands ( The market value represents a decrease of 2 (-12.5%) compared to 1 year ago and a transition to a weak market.).
The average age of the real estate was 18.4 years old (a -3.5% decrease compared to the 19.1 years old of last year.). The average size of the real estate was 57.9 sq.m (a -7.0% decrease compared to the 62.2 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old, as well as a dramatic increase in transactions involving older buildings over 40 years old.
Cause of price increases
Causes of price decreases
The highest Apartment market value is 四貫島 at 444,505 JPY/sq.m. On the other hand, those with the lowest market value is 酉島 at 158,333 JPY/sq.m.
In accordance with the aging of buildings, the area whose values were most likely to decline was the 四貫島 at -56.0% (The rate of decline after 30 years). On the other hand, market values along the 高見 was the most resistant to decline at -17.0% (The same rate).Data regarding the market value and its changes of Apartment in Konohana-Ku were calculated using data on the sales of 314 properties provided by the MLIT Japan.
|Area||Average Trading Price||Average Unit Price|
|伝法 [Utilization ]||13,763,944 JPY||233,612 JPY/sq.m|
|島屋 [Utilization ]||22,535,714 JPY||316,795 JPY/sq.m|
|西九条 [Utilization ]||19,417,544 JPY||396,731 JPY/sq.m|
|酉島 [Utilization ]||10,646,939 JPY||160,147 JPY/sq.m|
|高見 [Utilization ]||11,771,053 JPY||185,510 JPY/sq.m|
|四貫島 [Utilization ]||29,333,333 JPY||440,897 JPY/sq.m|
|春日出南 [Utilization ]||18,287,500 JPY||275,618 JPY/sq.m|
|春日出中 [Utilization ]||12,250,000 JPY||190,833 JPY/sq.m|