Kintetsu Nagoya Line railway market report

Kintetsu Nagoya Line Apartment market overview

The average price of Kintetsu Nagoya Line (Kinntetsunagashima to Isenakagawa) Apartment, in Jan, 2017 to Mar, 2017 was 239,542 JPY/sq.m. The market value represents an increase of 15,654 JPY (+7.0%) compared to 1 year ago and a transition to a strong market. 25 properties exchanged hands ( The market value represents a decrease of 9 (-26.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.6 years old (a -2.5% decrease compared to the 18.0 years old of last year.). The average size of the real estate was 72.0 sq.m (a +3.1% increase compared to the 69.9 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.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Kawagoetomisuhara, Tsu station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Tsushinnmachi station, where prices have decreased -14.9% compared to last year; a sq.m unit now costs 246,154 JPY/sq.m.

The top 2 stations has seen prices increase +66.3% (+63,919 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -12.5% (-37,968 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.9 min in 2016 and 8.4 min in 2017; -30.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 17.6% of total transactions in 2016 and 28.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 11.8% of total transactions in 2016 and 8.0% of total transactions in 2017)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 311,233 JPY/sq.m. The market value represents a decrease of 4,468 JPY (-1.4%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average price of Kuwana Apartment, the lowest market value along this railway was 185,470 JPY/sq.m. The market value represents an increase of 5,316 JPY (+3.0%) compared to 1 year ago and a transition to a slight market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

Kintetsu Nagoya Line (Stations Apartment market overview)
Kintetsu Nagoya LineThis year(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima45,000 JPYsq.m
(26.01917808219178280.0sq.m)
--
Kuwana185,470 JPYsq.m
(22.6831050228310575.8sq.m)
180,155 JPYsq.m
(23.445401174168370.0sq.m)
226,527 JPYsq.m
(16.2098630136986373.0sq.m)
Masuo---
Iseasahi-51,111 JPYsq.m
(24.01643835616438245.0sq.m)
42,222 JPYsq.m
(23.01369863013698645.0sq.m)
Kawagoetomisuhara200,000 JPYsq.m
(18.01369863013698675.0sq.m)
200,000 JPYsq.m
(12.50958904109589177.5sq.m)
185,714 JPYsq.m
(18.0109589041095970.0sq.m)
Kinntetsutomida--218,182 JPYsq.m
(10.005479452054795110sq.m)
Kasumigaura180,000 JPYsq.m
(25.01780821917808245.0sq.m)
--
Akuragawa-94,286 JPYsq.m
(24.01643835616438270.0sq.m)
383,333 JPYsq.m
(4.00273972602739760.0sq.m)
Kawaramachi-200,000 JPYsq.m
(14.0109589041095970.0sq.m)
-
Kinntetsuyokkaichi290,605 JPYsq.m
(14.86731898238747572.9sq.m)
323,409 JPYsq.m
(15.0104109589041172.0sq.m)
273,936 JPYsq.m
(14.0086757990867675.8sq.m)
Shinnshou---
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko217,084 JPYsq.m
(11.00821917808219170.0sq.m)
94,560 JPYsq.m
(25.01780821917808267.5sq.m)
210,713 JPYsq.m
(12.60767123287671381.0sq.m)
Tsuzumigaura-68,182 JPYsq.m
(28.01917808219178255.0sq.m)
-
Isoyama---
Tsu311,233 JPYsq.m
(9.60712328767123277.0sq.m)
315,700 JPYsq.m
(11.8093150684931572.5sq.m)
339,283 JPYsq.m
(10.40602739726027374.0sq.m)
Tsushinnmachi246,154 JPYsq.m
(28.01917808219178265.0sq.m)
289,286 JPYsq.m
(16.0118721461187266.7sq.m)
-
Minamigaoka-300,000 JPYsq.m
(0.0100sq.m)
152,598 JPYsq.m
(19.0109589041095962.5sq.m)
Hisai-225,000 JPYsq.m
(10.00821917808219180.0sq.m)
-
Momozono---
Isenakagawa-325,000 JPYsq.m
(9.00821917808219180.0sq.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

Shiroko217,084 JPY/sq.m (+130% compared with the previous year)

The average price of Shiroko Apartment was 217,084 JPY/sq.m. The market value represents an increase of 122,523 JPY (+129.6%) 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 11.0 years old (a -56.0% decrease compared to the 25.0 years old of last year.). The average size of the real estate was 70.0 sq.m (a +3.7% increase compared to the 67.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.0 years old in 2016 and 11.0 years old in 2017; -56.0%)
  • A dramatic decrease in average distance from the station (representing 26.5 min in 2016 and 16.0 min in 2017; -39.6%)

Kuwana185,470 JPY/sq.m (+3% compared with the previous year)

The average price of Kuwana Apartment was 185,470 JPY/sq.m. The market value represents an increase of 5,316 JPY (+3.0%) compared to 1 year ago and a transition to a slight market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 22.7 years old (a -3.3% decrease compared to the 23.4 years old of last year.). The average size of the real estate was 75.8 sq.m (a +8.3% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 11.6 min in 2016 and 10.3 min in 2017; -10.7%)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 71.4% of total transactions in 2016 and 83.3% of total transactions in 2017)

Tsushinnmachi246,154 JPY/sq.m (-15% compared with the previous year)

The average price of Tsushinnmachi Apartment was 246,154 JPY/sq.m. The market value represents a decrease of 43,132 JPY (-14.9%) compared to 1 year ago and a transition to a weak 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 28.0 years old (a +75.0% increase compared to the 16.0 years old of last year.). The average size of the real estate was 65.0 sq.m (a -2.5% decrease compared to the 66.7 sq.m of last year.).

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 33.3% of total transactions in 2016 and 100.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.0 years old in 2016 and 28.0 years old in 2017; +75.0%)
  • A dramatic increase in average distance from the station (representing 2.0 min in 2016 and 4.0 min in 2017; +100.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 100.0% of total transactions in 2017)

Kinntetsuyokkaichi290,605 JPY/sq.m (-10% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 290,605 JPY/sq.m. The market value represents a decrease of 32,804 JPY (-10.1%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.9 years old (a -1.0% decrease compared to the 15.0 years old of last year.). The average size of the real estate was 72.9 sq.m (a +1.2% increase compared to the 72.0 sq.m of last year.).

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 20.0% of total transactions in 2016 and 28.6% of total transactions in 2017)

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)