The average price of a sq.m Apartment of Fukushima Shinkansen Tohoku Shinkansen, in 2017 was 166,610 JPY/sq.m. The market value represents a decrease of 32,113 JPY (-16.2%) compared to 1 year ago and a transition to a weak market. 13 properties exchanged hands ( The market value represents a decrease of 60 (-82.2%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 27.9 years old (a +28.3% increase compared to the 21.8 years old of last year.). The average size of the real estate was 50.8 sq.m (a -16.2% 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
- A dramatic increase in average age of the building (representing 21.8 years old in 2016 and 27.9 years old in 2017; +28.3%)
- A dramatic increase in transactions involving older buildings over 40 years old (representing 5.7% of total transactions in 2016 and 15.4% 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 Fukushima was the most resistant to decline at -52.8% (The same rate).Data regarding the market value and its changes of Apartment in Tohoku Shinkansen were calculated using data on the sales of 890 properties provided by the MLIT Japan.