The average price of a sq.m Apartment of Osaka Osaka Higashi Line, in 2017 was 381,474 JPY/sq.m. The market value represents an increase of 85,492 JPY (+28.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 18 (-81.8%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 12.3 years old (a -45.4% decrease compared to the 22.5 years old of last year.). The average size of the real estate was 65.0 sq.m (a +5.9% increase compared to the 61.4 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.
Cause of price increases
- A dramatic decrease in average age of the building (representing 22.5 years old in 2016 and 12.3 years old in 2017; -45.4%)
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 31.8% of total transactions in 2016 and 25.0% of total transactions in 2017)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 4.6 min in 2016 and 8.0 min in 2017; +74.3%)
- A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 50.0% of total transactions in 2016 and 25.0% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Osaka Higashi Line were calculated using data on the sales of 267 properties provided by the MLIT Japan.