Tokyo Keisei Narita Airport line Home market overview [Show ]

The average price of a sq.m Home of Tokyo Keisei Keisei Narita Airport line, in 2017 was 446,340 JPY/sq.m. The market value represents an increase of 81,362 JPY (+22.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 11 (-61.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 10.6 years old (a -46.7% decrease compared to the 19.9 years old of last year.). The average size of the real estate was 107.9 sq.m (a +0.1% increase compared to the 107.8 sq.m of last year.). The average total floor space of the real estate was 135.0 sq.m (a +31.5% increase compared to the 102.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m, as well as 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 19.9 years old in 2016 and 10.6 years old in 2017; -46.7%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 46.7% of total transactions in 2016 and 71.4% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2016 and 14.3% of total transactions in 2017)

Causes of price decreases

  • An increase in average distance from the station (representing 8.2 min in 2016 and 9.3 min in 2017; +13.7%)
Data regarding the market value and its changes of Home in Keisei Narita Airport line were calculated using data on the sales of 238 properties provided by the MLIT Japan.

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Market value

StationsAverage Trading PriceAverage Unit Price
Keisei-Takasago47,863,265 JPY369,220 JPY/sq.m