Fukushima Tohoku Shinkansen Apartment market overview [Show ]
The average price of a sq.m Apartment of Fukushima Shinkansen Tohoku Shinkansen, in 2017 was 184,603 JPY/sq.m. The market value represents a decrease of 14,120 JPY (-7.1%) compared to 1 year ago and a transition to a bear market. 26 properties exchanged hands ( The market value represents a decrease of 47 (-64.4%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 25.2 years old (a +16.0% increase compared to the 21.8 years old of last year.). The average size of the real estate was 57.5 sq.m (a -5.1% decrease compared to the 60.6 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 21.8 years old in 2016 and 25.2 years old in 2017; +16.0%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 61.4% of total transactions in 2016 and 76.0% 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 -55.0% (The rate of decline after 30 years). On the other hand, market values along the Fukushima was the most resistant to decline at -54.0% (The same rate).Data regarding the market value and its changes of Apartment in Tohoku Shinkansen were calculated using data on the sales of 903 properties provided by the MLIT Japan.
|Stations||Average Trading Price||Average Unit Price|
|Koriyama [Utilization ]||11,778,736 JPY||182,843 JPY/sq.m|
|Fukushima [Utilization ]||14,818,293 JPY||236,208 JPY/sq.m|