Gunma Shinkansen Home market overview [Show ]

The average price of a sq.m Home of Gunma Shinkansen, in 2017 was 161,874 JPY/sq.m. The market value represents a decrease of 18,077 JPY (-10.0%) compared to 1 year ago and a transition to a weak market. 29 properties exchanged hands ( The market value represents a decrease of 31 (-51.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.0 years old (a -4.2% decrease compared to the 23.0 years old of last year.). The average size of the real estate was 272.8 sq.m (a -10.8% decrease compared to the 305.8 sq.m of last year.). The average total floor space of the real estate was 193.4 sq.m (a -6.5% decrease compared to the 206.8 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, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 22.8% of total transactions in 2016 and 33.3% of total transactions in 2017)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.5% of total transactions in 2016 and 7.4% of total transactions in 2017)

The highest Home market value is Joetsu Shinkansen at 173,913 JPY/sq.m. On the other hand, those with the lowest market value is Hokuriku Shinkansen at 173,320 JPY/sq.m.

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Joetsu Shinkansen at -34.0% (The rate of decline after 30 years). On the other hand, market values along the Hokuriku Shinkansen was the most resistant to decline at -34.0% (The same rate).

Data regarding the market value and its changes of Home in Shinkansen were calculated using data on the sales of 694 properties provided by the MLIT Japan.

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Gunma Shinkansen (694)