The average price of a sq.m Apartment of Fukushima JR JR Ban'etsu West Line, in 2017 was 167,858 JPY/sq.m. The market value represents a decrease of 7,860 JPY (-4.5%) compared to 1 year ago and a transition to a some market. 8 properties exchanged hands ( The market value represents a decrease of 49 (-86.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 26.1 years old (a +17.3% increase compared to the 22.3 years old of last year.). The average size of the real estate was 46.9 sq.m (a -21.5% decrease compared to the 59.7 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving small size for a single person households less than 30 sq.m.
Causes of price decreases
- An increase in average age of the building (representing 22.3 years old in 2016 and 26.1 years old in 2017; +17.3%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 61.8% of total transactions in 2016 and 75.0% of total transactions in 2017)
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Koriyama at -55.5% (The rate of decline after 30 years). On the other hand, market values along the Aiduwakamatsu was the most resistant to decline at -43.7% (The same rate).Data regarding the market value and its changes of Apartment in JR Ban'etsu West Line were calculated using data on the sales of 659 properties provided by the MLIT Japan.