Gunma Shinkansen Home market overview [Show ]

The average price of a sq.m Home of Gunma Shinkansen, in 2017 was 143,082 JPY/sq.m. The market value represents a decrease of 40,400 JPY (-22.0%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 43 (-86.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.6 years old (a +22.1% increase compared to the 22.6 years old of last year.). The average size of the real estate was 176.4 sq.m (a -45.1% decrease compared to the 321.4 sq.m of last year.). The average total floor space of the real estate was 230.0 sq.m (a +2.1% increase compared to the 225.3 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 size for a general family households less than 100 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 2.1% of total transactions in 2016 and 14.3% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.6 years old in 2016 and 27.6 years old in 2017; +22.1%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 19.1% of total transactions in 2016 and 28.6% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 23.4% of total transactions in 2016 and 14.3% of total transactions in 2017)

The highest Home market value is Joetsu Shinkansen at 156,884 JPY/sq.m. On the other hand, those with the lowest market value is Hokuriku Shinkansen at 156,626 JPY/sq.m.

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Joetsu Shinkansen at -38.5% (The rate of decline after 30 years). On the other hand, market values along the Hokuriku Shinkansen was the most resistant to decline at -38.5% (The same rate).

Data regarding the market value and its changes of Home in Shinkansen were calculated using data on the sales of 642 properties provided by the MLIT Japan.

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