Kintetsu Nagoya Line railway market report

Kintetsu Nagoya Line Apartment market overview

The average price of Kintetsu Nagoya Line (Kinntetsunagashima to Isenakagawa) Apartment, in Oct, 2016 to Dec, 2016 was 237,449 JPY/sq.m. The market value represents an increase of 32,397 JPY (+15.8%) compared to 1 year ago and a transition to a bull market. 34 properties exchanged hands ( The market value represents an increase of 2 (+6.2%) compared to 1 year ago and a transition to a strong market.).

The average age of the real estate was 16.0 years old (a -8.2% decrease compared to the 17.5 years old of last year.). The average size of the real estate was 74.4 sq.m (a +0.9% increase compared to the 73.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance, as well as a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

5 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Kinntetsunagashima, Kinntetsuyokkaichi, Shiroko, Tsushinnmachi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kinntetsunagashima station, where prices have increased +49.8% compared to last year; a sq.m unit now costs 244,444 JPY/sq.m.

The top 2 stations has seen prices increase +42.2% (+75,230 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -24.7% (-51,077 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 37.5% of total transactions in 2015 and 25.0% of total transactions in 2016)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.2% of total transactions in 2015 and 8.8% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.1 min in 2015 and 11.0 min in 2016; +21.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 28.1% of total transactions in 2015 and 5.9% of total transactions in 2016)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 6.2% of total transactions in 2015 and 3.1% of total transactions in 2016)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 318,319 JPY/sq.m. The market value represents an increase of 44,708 JPY (+16.3%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Akuragawa Apartment, the lowest market value along this railway was 125,000 JPY/sq.m. The market value represents a decrease of 56,538 JPY (-31.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) 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.)
Kinntetsunagashima244,444 JPYsq.m
(7.75890410958904190.0sq.m)
163,158 JPYsq.m
(15.26164383561643895.0sq.m)
102,857 JPYsq.m
(23.7698630136986370.0sq.m)
Kuwana204,385 JPYsq.m
(19.433789954337973.3sq.m)
250,000 JPYsq.m
(11.25890410958904187.5sq.m)
146,069 JPYsq.m
(26.43652968036529771.2sq.m)
Masuo---
Iseasahi---
Kawagoetomisuhara-135,714 JPYsq.m
(20.76712328767123270.0sq.m)
11,429 JPYsq.m
(25.7698630136986370.0sq.m)
Kinntetsutomida-312,500 JPYsq.m
(5.75616438356164480.0sq.m)
-
Kasumigaura---
Akuragawa125,000 JPYsq.m
(26.7726027397260380.0sq.m)
181,538 JPYsq.m
(20.01575342465753667.5sq.m)
-
Kawaramachi---
Kinntetsuyokkaichi259,459 JPYsq.m
(14.46356164383561672.0sq.m)
199,778 JPYsq.m
(18.16383561643835571.0sq.m)
455,336 JPYsq.m
(6.75616438356164485.0sq.m)
Shinnshou--200,000 JPYsq.m
(16.76438356164383680.0sq.m)
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko163,572 JPYsq.m
(24.10410958904109470.0sq.m)
124,762 JPYsq.m
(24.4347031963470368.3sq.m)
157,324 JPYsq.m
(17.26438356164383673.3sq.m)
Tsuzumigaura---
Isoyama80,000 JPYsq.m
(28.7726027397260355.0sq.m)
--
Tsu318,319 JPYsq.m
(10.9610958904109675.0sq.m)
273,611 JPYsq.m
(12.2602739726027468.8sq.m)
298,039 JPYsq.m
(10.42557077625570975.0sq.m)
Tsushinnmachi269,173 JPYsq.m
(10.76164383561643882.5sq.m)
200,000 JPYsq.m
(17.26301369863013680.0sq.m)
146,058 JPYsq.m
(17.76438356164383652.5sq.m)
Minamigaoka255,882 JPYsq.m
(17.26575342465753677.5sq.m)
280,000 JPYsq.m
(15.76164383561643875.0sq.m)
-
Hisai-207,240 JPYsq.m
(22.26712328767123275.0sq.m)
-
Momozono---
Isenakagawa262,500 JPYsq.m
(7.75890410958904180.0sq.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

Kinntetsunagashima244,444 JPY/sq.m (+50% compared with the previous year)

The average price of Kinntetsunagashima Apartment was 244,444 JPY/sq.m. The market value represents an increase of 81,286 JPY (+49.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 7.8 years old (a -49.2% decrease compared to the 15.3 years old of last year.). The average size of the real estate was 90.0 sq.m (a -5.3% decrease compared to the 95.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 15.3 years old in 2015 and 7.8 years old in 2016; -49.2%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2015 and 9.0 min in 2016; +80.0%)

Tsushinnmachi269,173 JPY/sq.m (+35% compared with the previous year)

The average price of Tsushinnmachi Apartment was 269,173 JPY/sq.m. The market value represents an increase of 69,173 JPY (+34.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 10.8 years old (a -37.7% decrease compared to the 17.3 years old of last year.). The average size of the real estate was 82.5 sq.m (a +3.1% increase compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.3 years old in 2015 and 10.8 years old in 2016; -37.7%)
  • A dramatic decrease in average distance from the station (representing 7.0 min in 2015 and 4.5 min in 2016; -35.7%)

Akuragawa125,000 JPY/sq.m (-31% compared with the previous year)

The average price of Akuragawa Apartment was 125,000 JPY/sq.m. The market value represents a decrease of 56,538 JPY (-31.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.8 years old (a +33.8% increase compared to the 20.0 years old of last year.). The average size of the real estate was 80.0 sq.m (a +18.5% increase compared to the 67.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 6.0 min in 2015 and 5.0 min in 2016; -16.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.0 years old in 2015 and 26.8 years old in 2016; +33.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Kuwana204,385 JPY/sq.m (-18% compared with the previous year)

The average price of Kuwana Apartment was 204,385 JPY/sq.m. The market value represents a decrease of 45,615 JPY (-18.2%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.4 years old (a +72.6% increase compared to the 11.3 years old of last year.). The average size of the real estate was 73.3 sq.m (a -16.2% decrease compared to the 87.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.3 years old in 2015 and 19.4 years old in 2016; +72.6%)
  • A dramatic increase in average distance from the station (representing 9.5 min in 2015 and 13.5 min in 2016; +42.1%)

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)