Kintetsu Nagoya Line railway market report

Kintetsu Nagoya Line Apartment market overview

The average price of Kintetsu Nagoya Line (Kinntetsunagashima to Isenakagawa) Apartment, in Apr, 2016 to Jun, 2016 was 203,028 JPY/sq.m. The market value represents a decrease of 23,254 JPY (-10.3%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents a decrease of 1 (-4.5%) compared to 1 year ago and a transition to a some market.).

The average age of the real estate was 16.6 years old (a +17.4% increase compared to the 14.1 years old of last year.). The average size of the real estate was 74.8 sq.m (a -3.5% decrease compared to the 77.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

5 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kuwana, Masuo, Tsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kawagoetomisuhara station, where prices have increased +250.0% compared to last year; a sq.m unit now costs 200,000 JPY/sq.m.

The top 2 stations has seen prices increase +150.7% (+117,126 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -28.9% (-76,753 JPY/sq.m).

Causes of price decreases

  • An increase in average age of the building (representing 14.1 years old in 2015 and 16.6 years old in 2016; +17.4%)
  • A dramatic increase in average distance from the station (representing 7.7 min in 2015 and 12.7 min in 2016; +64.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 23.8% of total transactions in 2015 and 42.1% of total transactions in 2016)

Apartment stations market overview

The average price of Tsushinnmachi Apartment, the highest market value along this railway was 341,176 JPY/sq.m. The market value represents an increase of 41,176 JPY (+13.7%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Kinntetsutomida Apartment, the lowest market value along this railway was 77,143 JPY/sq.m. The market value represents a decrease of 194,682 JPY (-71.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Nagoya Line (Stations Apartment market overview)
Kintetsu Nagoya LineThis year(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima---
Kuwana307,451 JPYsq.m
(4.25479452054794681.7sq.m)
206,721 JPYsq.m
(17.76301369863013680.0sq.m)
265,745 JPYsq.m
(15.9287671232876780.0sq.m)
Masuo333,333 JPYsq.m
(9.2602739726027475.0sq.m)
235,294 JPYsq.m
(8.25753424657534385.0sq.m)
266,667 JPYsq.m
(7.25753424657534290.0sq.m)
Iseasahi---
Kawagoetomisuhara200,000 JPYsq.m
(8.25753424657534370.0sq.m)
57,143 JPYsq.m
(20.26575342465753670.0sq.m)
195,982 JPYsq.m
(15.76301369863013875.0sq.m)
Kinntetsutomida77,143 JPYsq.m
(26.2712328767123370.0sq.m)
271,825 JPYsq.m
(9.2566210045662175.0sq.m)
437,500 JPYsq.m
(24.26849315068493280.0sq.m)
Kasumigaura---
Akuragawa-246,154 JPYsq.m
(8.25753424657534365.0sq.m)
164,706 JPYsq.m
(24.26849315068493285.0sq.m)
Kawaramachi211,765 JPYsq.m
(8.25753424657534385.0sq.m)
--
Kinntetsuyokkaichi-230,846 JPYsq.m
(16.9287671232876774.5sq.m)
213,548 JPYsq.m
(18.13869863013698671.2sq.m)
Shinnshou178,947 JPYsq.m
(18.26575342465753695.0sq.m)
--
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko158,095 JPYsq.m
(20.26621004566210370.0sq.m)
-176,372 JPYsq.m
(17.86356164383561774.0sq.m)
Tsuzumigaura20,000 JPYsq.m
(28.2712328767123355.0sq.m)
--
Isoyama---
Tsu269,173 JPYsq.m
(12.26164383561643882.5sq.m)
177,778 JPYsq.m
(12.2602739726027490.0sq.m)
320,000 JPYsq.m
(10.65863013698630272.0sq.m)
Tsushinnmachi341,176 JPYsq.m
(8.25753424657534385.0sq.m)
300,000 JPYsq.m
(7.254794520547946100sq.m)
-
Minamigaoka-144,444 JPYsq.m
(16.26301369863013690.0sq.m)
-
Hisai130,769 JPYsq.m
(21.26849315068493265.0sq.m)
-199,160 JPYsq.m
(20.26575342465753677.5sq.m)
Momozono---
Isenakagawa-280,000 JPYsq.m
(8.25753424657534375.0sq.m)
-

*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

Kawagoetomisuhara200,000 JPY/sq.m (+250% compared with the previous year)

The average price of Kawagoetomisuhara Apartment was 200,000 JPY/sq.m. The market value represents an increase of 142,857 JPY (+250.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 8.3 years old (a -59.3% decrease compared to the 20.3 years old of last year.). The average size of the real estate was 70.0 sq.m (a +0.0% decrease compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.3 years old in 2015 and 8.3 years old in 2016; -59.3%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2015 and 9.0 min in 2016; +50.0%)

Tsu269,173 JPY/sq.m (+51% compared with the previous year)

The average price of Tsu Apartment was 269,173 JPY/sq.m. The market value represents an increase of 91,395 JPY (+51.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.3 years old (a +0.0% increase compared to the 12.3 years old of last year.). The average size of the real estate was 82.5 sq.m (a -8.3% decrease compared to the 90.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2015 and 14.0 min in 2016; +40.0%)

Kinntetsutomida77,143 JPY/sq.m (-72% compared with the previous year)

The average price of Kinntetsutomida Apartment was 77,143 JPY/sq.m. The market value represents a decrease of 194,682 JPY (-71.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.3 years old (a +183.8% increase compared to the 9.3 years old of last year.). The average size of the real estate was 70.0 sq.m (a -6.7% decrease compared to the 75.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.3 years old in 2015 and 26.3 years old in 2016; +183.8%)
  • A dramatic increase in average distance from the station (representing 6.0 min in 2015 and 13.0 min in 2016; +116.7%)

Tsushinnmachi341,176 JPY/sq.m (+14% compared with the previous year)

The average price of Tsushinnmachi Apartment was 341,176 JPY/sq.m. The market value represents an increase of 41,176 JPY (+13.7%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 8.3 years old (a +13.8% increase compared to the 7.3 years old of last year.). The average size of the real estate was 85.0 sq.m (a -15.0% decrease compared to the 100.0 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 7.3 years old in 2015 and 8.3 years old in 2016; +13.8%)
  • A dramatic increase in average distance from the station (representing 4.0 min in 2015 and 5.0 min in 2016; +25.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)