The average price of a sq.m Apartment of Osaka Osaka Municipal Transportation, in 2017 was 468,045 JPY/sq.m. The market value represents an increase of 41,925 JPY (+9.8%) compared to 1 year ago and a transition to a strong market. 374 properties exchanged hands ( The market value represents a decrease of 1,289 (-77.5%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 18.7 years old (a -6.3% decrease compared to the 20.0 years old of last year.). The average size of the real estate was 49.1 sq.m (a -4.7% decrease compared to the 51.6 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, as well as an increase in transactions involving relatively new buildings under 20 years old.
Cause of price increases
- A dramatic decrease in transactions involving older buildings over 40 years old (representing 10.4% of total transactions in 2016 and 7.6% of total transactions in 2017)
- A some increase in transactions involving nearly new buildings under 3 years old (representing 11.9% of total transactions in 2016 and 12.8% of total transactions in 2017)
Causes of price decreases
- A some decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 17.5% of total transactions in 2016 and 16.3% of total transactions in 2017)
- A slight decrease in transactions involving recently constructed buildings under 6 years old (representing 4.2% of total transactions in 2016 and 4.1% of total transactions in 2017)
The highest Apartment market value is Osaka Yotsubashi Line at 524,038 JPY/sq.m. On the other hand, those with the lowest market value is Osaka Nanko Port Town Line at 177,777 JPY/sq.m.
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Osaka Chuo Line at -60.9% (The rate of decline after 30 years). On the other hand, market values along the Osaka Imazatosuji Line was the most resistant to decline at -41.3% (The same rate).
Data regarding the market value and its changes of Apartment in Osaka Municipal Transportation were calculated using data on the sales of 22,698 properties provided by the MLIT Japan.