The average price of a sq.m Apartment of Aichi Meitetsu Meitetsu Bisai Line, in 2017 was 169,580 JPY/sq.m. The market value represents a decrease of 5,220 JPY (-3.0%) compared to 1 year ago and a transition to a slight market. 18 properties exchanged hands ( The market value represents a decrease of 21 (-53.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.4 years old (a +2.1% increase compared to the 20.9 years old of last year.). The average size of the real estate was 72.8 sq.m (a -20.4% decrease compared to the 91.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station, as well as a dramatic increase in transactions involving recently constructed buildings under 6 years old.

Cause of price increases

• A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 2.6% of total transactions in 2016 and 5.6% of total transactions in 2017)
• A some decrease in transactions involving relatively old buildings under 40 years old (representing 46.2% of total transactions in 2016 and 44.4% of total transactions in 2017)

Causes of price decreases

• A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 23.7% of total transactions in 2016 and 5.6% of total transactions in 2017)
• A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 7.9% of total transactions in 2016 and 5.6% of total transactions in 2017)

The highest Apartment market value is Hibino at 233,333 JPY/sq.m. On the other hand, those with the lowest market value is Fuchidaka at 77,500 JPY/sq.m.

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Fuchidaka at -75.0% (The rate of decline after 30 years). On the other hand, market values along the Hibino was the most resistant to decline at -45.0% (The same rate).

Data regarding the market value and its changes of Apartment in Meitetsu Bisai Line were calculated using data on the sales of 404 properties provided by the MLIT Japan.