The average price of a sq.m Home of Ibaraki Inashiki-Gun, in 2017 was 69,049 JPY/sq.m. The market value represents a decrease of 27,620 JPY (-28.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 40 (-85.1%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 22.1 years old (a -0.1% decrease compared to the 22.1 years old of last year.). The average size of the real estate was 227.9 sq.m (a -20.4% decrease compared to the 286.2 sq.m of last year.). The average total floor space of the real estate was 102.9 sq.m (a -15.5% decrease compared to the 121.7 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m.
Causes of price decreases
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 46.7% of total transactions in 2016 and 57.1% of total transactions in 2017)
In accordance with the aging of buildings, the area whose values were most likely to decline was the Miho-Mura at -66.1% (The rate of decline after 30 years). On the other hand, market values along the Ami-Machi was the most resistant to decline at -50.3% (The same rate).Data regarding the market value and its changes of Home in Inashiki-Gun were calculated using data on the sales of 590 properties provided by the MLIT Japan.