JR Kansai Main Line railway market report

JR Kansai Main Line Apartment market overview

The average price of JR Kansai Main Line (Kuwana to Kawano) Apartment, in Jan, 2021 to Dec, 2021 was 272,455 JPY/sq.m. The market value represents an increase of 51,682 JPY (+23.4%) compared to 1 year ago and a transition to a dramatic market. 26 properties exchanged hands ( The market value represents a decrease of 8 (-23.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.6 years old (a -17.0% decrease compared to the 24.8 years old of last year.). The average size of the real estate was 79.0 sq.m (a +6.2% increase compared to the 74.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

3 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was toward increased prices. Kuwana, Tomida station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kuwana station, where prices have increased +32.7% compared to last year; a sq.m unit now costs 292,323 JPY/sq.m.

The top 1 stations has seen prices increase +32.7% (+72,082 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +4.3% (+8,744 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 24.8 years old in 2020 and 20.6 years old in 2021; -17.0%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 8.8% of total transactions in 2020 and 19.2% of total transactions in 2021)

Apartment stations market overview

The average price of Tomida Apartment, the highest market value along this railway was 387,582 JPY/sq.m. The market value represents an increase of 93,692 JPY (+31.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Yokkaichi Apartment, the lowest market value along this railway was 213,730 JPY/sq.m. The market value represents an increase of 8,744 JPY (+4.3%) compared to 1 year ago and a transition to a some market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

JR Kansai Main Line (Stations Apartment market overview)
JR Kansai Main LineThis year(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kuwana292,323 JPYsq.m
(19.5819754866618680.5sq.m)
220,241 JPYsq.m
(25.032093933463878.1sq.m)
250,144 JPYsq.m
(22.27808219178082273.4sq.m)
Tomida387,582 JPYsq.m
(10.75890410958904187.5sq.m)
293,889 JPYsq.m
(13.0109589041095978.3sq.m)
200,000 JPYsq.m
(21.76529680365296676.7sq.m)
Yokkaichi213,730 JPYsq.m
(29.6082191780821970.0sq.m)
204,986 JPYsq.m
(26.92842465753424762.5sq.m)
277,322 JPYsq.m
(23.6417808219178165.0sq.m)
Minamiyokkaichi-179,832 JPYsq.m
(31.14794520547945277.5sq.m)
150,000 JPYsq.m
(30.52328767123287580.0sq.m)
Kawano56,666 JPYsq.m
(26.2712328767123370.0sq.m)
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*Average unit prices per sq.m of Apartment at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

Noteworthy stations

Kuwana292,323 JPY/sq.m (+33% compared with the previous year)

The average price of Kuwana Apartment was 292,323 JPY/sq.m. The market value represents an increase of 72,082 JPY (+32.7%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents a decrease of 2 (-9.5%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 19.6 years old (a -21.8% decrease compared to the 25.0 years old of last year.). The average size of the real estate was 80.5 sq.m (a +3.1% increase compared to the 78.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.0 years old in 2020 and 19.6 years old in 2021; -21.8%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2020 and 36.8% of total transactions in 2021)

Yokkaichi213,730 JPY/sq.m (+4% compared with the previous year)

The average price of Yokkaichi Apartment was 213,730 JPY/sq.m. The market value represents an increase of 8,744 JPY (+4.3%) compared to 1 year ago and a transition to a some market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.6 years old (a +10.0% increase compared to the 26.9 years old of last year.). The average size of the real estate was 70.0 sq.m (a +12.0% increase compared to the 62.5 sq.m of last year.).

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 87.5% of total transactions in 2020 and 100.0% of total transactions in 2021)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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