The average price of a sq.m Apartment of Osaka Keihan Keihan Katano Line, in 2017 was 252,175 JPY/sq.m. The market value represents an increase of 52,174 JPY (+26.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 23 (-88.5%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 15.5 years old (a -41.5% decrease compared to the 26.5 years old of last year.). The average size of the real estate was 76.7 sq.m (a +16.9% increase compared to the 65.6 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.
Cause of price increases
- A dramatic decrease in average age of the building (representing 26.5 years old in 2016 and 15.5 years old in 2017; -41.5%)
- A dramatic decrease in average distance from the station (representing 16.8 min in 2016 and 10.0 min in 2017; -40.6%)
- A some decrease in transactions involving relatively old buildings under 40 years old (representing 36.0% of total transactions in 2016 and 33.3% of total transactions in 2017)
The highest Apartment market value is Hirakatashi at 290,909 JPY/sq.m. On the other hand, those with the lowest market value is Koudu at 108,000 JPY/sq.m.
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Katanoshi at -64.5% (The rate of decline after 30 years). On the other hand, market values along the Hoshigaoka was the most resistant to decline at +8.1% (The same rate).
Data regarding the market value and its changes of Apartment in Keihan Katano Line were calculated using data on the sales of 420 properties provided by the MLIT Japan.