The average price of a sq.m Apartment of Kyoto Keihan Keihan Keishin Line, in 2016 was 230,769 JPY/sq.m. The market value represents a decrease of 28,800 JPY (-11.1%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 18.8 years old (a -9.3% decrease compared to the 20.7 years old of last year.). The average size of the real estate was 66.7 sq.m (a +25.8% increase compared to the 53.0 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.
Cause of price increases
- An decrease in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2015 and 33.3% of total transactions in 2016)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 5.4 min in 2015 and 8.0 min in 2016; +48.1%)
- A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 60.0% of total transactions in 2015 and 33.3% of total transactions in 2016)
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Shinomiya at -55.7% (The rate of decline after 30 years). On the other hand, market values along the Misasagi was the most resistant to decline at -47.9% (The same rate).Data regarding the market value and its changes of Apartment in Keihan Keishin Line were calculated using data on the sales of 41 properties provided by the MLIT Japan.