Ibaraki Kanto Railway Ryūgasaki Line Home market overview [Show ]

The average price of a sq.m Home of Ibaraki Kanto Railway Kanto Railway Ryūgasaki Line, in 2017 was 96,359 JPY/sq.m. The market value represents a decrease of 13,237 JPY (-12.1%) compared to 1 year ago and a transition to a weak market. 12 properties exchanged hands ( The market value represents a decrease of 43 (-78.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.7 years old (a -3.4% decrease compared to the 20.4 years old of last year.). The average size of the real estate was 313.3 sq.m (a -22.1% decrease compared to the 402.3 sq.m of last year.). The average total floor space of the real estate was 187.5 sq.m (a -7.5% decrease compared to the 202.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station, as well as a dramatic increase in transactions involving relatively large size more than 100 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.6% of total transactions in 2016 and 8.3% of total transactions in 2017)
  • An increase in transactions involving nearly new buildings under 3 years old (representing 21.8% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 47.3% of total transactions in 2016 and 50.0% of total transactions in 2017)

The highest Home market value is Sanuki at 111,556 JPY/sq.m. On the other hand, those with the lowest market value is Ryugasaki at 59,047 JPY/sq.m.

In accordance with the aging of buildings, the stations whose values were most likely to decline was the IReji at -48.2% (The rate of decline after 30 years). On the other hand, market values along the Sanuki was the most resistant to decline at -43.6% (The same rate).

Data regarding the market value and its changes of Home in Kanto Railway Ryūgasaki Line were calculated using data on the sales of 665 properties provided by the MLIT Japan.

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