The average price of a sq.m Apartment of Kyoto Keifuku Keifuku Arashiyama Line, in 2017 was 427,596 JPY/sq.m. The market value represents an increase of 101,104 JPY (+31.0%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 23 (-69.7%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 16.4 years old (a -28.3% decrease compared to the 22.9 years old of last year.). The average size of the real estate was 47.0 sq.m (a -5.1% decrease compared to the 49.5 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old.
Cause of price increases
- A dramatic decrease in average age of the building (representing 22.9 years old in 2016 and 16.4 years old in 2017; -28.3%)
- A dramatic decrease in average distance from the station (representing 7.4 min in 2016 and 5.6 min in 2017; -24.0%)
- A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 9.1% of total transactions in 2016 and 30.0% 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 33.3% of total transactions in 2016 and 20.0% of total transactions in 2017)
The highest Apartment market value is Nishioojisannjou at 400,000 JPY/sq.m. On the other hand, those with the lowest market value is Uzumasakouryuuji at 195,000 JPY/sq.m.
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Kaikonoyashiro at -58.0% (The rate of decline after 30 years). On the other hand, market values along the Kurumazakijinnja was the most resistant to decline at -41.2% (The same rate).
Data regarding the market value and its changes of Apartment in Keifuku Arashiyama Line were calculated using data on the sales of 464 properties provided by the MLIT Japan.