Kintetsu Nagoya Line railway market report

Kintetsu Nagoya Line Apartment market overview

The average price of Kintetsu Nagoya Line (Kinntetsunagashima to Isenakagawa) Apartment, in Jul, 2017 to Sep, 2017 was 215,406 JPY/sq.m. The market value represents an increase of 51,942 JPY (+31.8%) compared to 1 year ago and a transition to a dramatic market. 26 properties exchanged hands ( The market value represents an increase of 1 (+4.0%) compared to 1 year ago and a transition to a some market.).

The average age of the real estate was 19.8 years old (a -9.6% decrease compared to the 21.9 years old of last year.). The average size of the real estate was 73.5 sq.m (a +2.3% increase compared to the 71.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

3 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Shiroko station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kinntetsuyokkaichi station, where prices have increased +111.0% compared to last year; a sq.m unit now costs 258,365 JPY/sq.m.

The top 2 stations has seen prices increase +103.1% (+116,706 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -25.5% (-47,569 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 58.3% of total transactions in 2016 and 44.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.9 min in 2016 and 13.3 min in 2017; +22.2%)
  • A dramatic decrease 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 3.8% of total transactions in 2017)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 266,667 JPY/sq.m. The market value represents a decrease of 19,424 JPY (-6.8%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Tsushinnmachi Apartment, the lowest market value along this railway was 95,714 JPY/sq.m. The market value represents a decrease of 75,715 JPY (-44.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic 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.)
Kinntetsunagashima--168,421 JPYsq.m
(15.51232876712328895.0sq.m)
Kuwana234,353 JPYsq.m
(19.01780821917808275.0sq.m)
225,000 JPYsq.m
(16.01506849315068687.5sq.m)
183,961 JPYsq.m
(21.26712328767123267.5sq.m)
Masuo-250,000 JPYsq.m
(9.51232876712328880.0sq.m)
-
Iseasahi-80,000 JPYsq.m
(24.5205479452054845.0sq.m)
-
Kawagoetomisuhara-173,333 JPYsq.m
(20.18630136986301368.3sq.m)
-
Kinntetsutomida-185,714 JPYsq.m
(26.52328767123287570.0sq.m)
-
Kasumigaura---
Akuragawa--92,308 JPYsq.m
(25.5205479452054865.0sq.m)
Kawaramachi129,231 JPYsq.m
(29.52328767123287565.0sq.m)
129,333 JPYsq.m
(28.52328767123287575.0sq.m)
209,468 JPYsq.m
(20.8493150684931576.7sq.m)
Kinntetsuyokkaichi258,365 JPYsq.m
(18.80234833659491472.9sq.m)
122,453 JPYsq.m
(30.12547945205479466.7sq.m)
250,795 JPYsq.m
(15.17929984779299967.8sq.m)
Shinnshou---
Nagonoura72,000 JPYsq.m
(25.5205479452054875.0sq.m)
--
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko200,000 JPYsq.m
(16.51506849315068675.0sq.m)
102,500 JPYsq.m
(22.8538812785388166.7sq.m)
172,620 JPYsq.m
(14.51287671232876780.8sq.m)
Tsuzumigaura---
Isoyama61,818 JPYsq.m
(29.52328767123287555.0sq.m)
--
Tsu266,667 JPYsq.m
(14.76369863013698675.0sq.m)
286,090 JPYsq.m
(14.51506849315068482.5sq.m)
292,979 JPYsq.m
(9.7095890410958982.0sq.m)
Tsushinnmachi95,714 JPYsq.m
(27.52328767123287570.0sq.m)
171,429 JPYsq.m
(19.31780821917808376.0sq.m)
81,250 JPYsq.m
(25.5205479452054880.0sq.m)
Minamigaoka241,176 JPYsq.m
(17.51506849315068685.0sq.m)
-285,621 JPYsq.m
(12.0109589041095987.5sq.m)
Hisai--262,500 JPYsq.m
(18.51506849315068680.0sq.m)
Momozono---
Isenakagawa287,500 JPYsq.m
(8.50958904109589180.0sq.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

Kinntetsuyokkaichi258,365 JPY/sq.m (+111% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 258,365 JPY/sq.m. The market value represents an increase of 135,912 JPY (+111.0%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 1 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 18.8 years old (a -37.6% decrease compared to the 30.1 years old of last year.). The average size of the real estate was 72.9 sq.m (a +9.3% increase compared to the 66.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 30.1 years old in 2016 and 18.8 years old in 2017; -37.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 80.0% of total transactions in 2016 and 28.6% of total transactions in 2017)

Shiroko200,000 JPY/sq.m (+95% compared with the previous year)

The average price of Shiroko Apartment was 200,000 JPY/sq.m. The market value represents an increase of 97,500 JPY (+95.1%) 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 16.5 years old (a -27.7% decrease compared to the 22.9 years old of last year.). The average size of the real estate was 75.0 sq.m (a +12.5% increase compared to the 66.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.9 years old in 2016 and 16.5 years old in 2017; -27.7%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.3 min in 2016 and 30.0 min in 2017; +47.5%)

Tsushinnmachi95,714 JPY/sq.m (-44% compared with the previous year)

The average price of Tsushinnmachi Apartment was 95,714 JPY/sq.m. The market value represents a decrease of 75,715 JPY (-44.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.5 years old (a +42.5% increase compared to the 19.3 years old of last year.). The average size of the real estate was 70.0 sq.m (a -7.9% decrease compared to the 76.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.3 years old in 2016 and 27.5 years old in 2017; +42.5%)
  • A dramatic increase in average distance from the station (representing 10.6 min in 2016 and 19.0 min in 2017; +79.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Tsu266,667 JPY/sq.m (-7% compared with the previous year)

The average price of Tsu Apartment was 266,667 JPY/sq.m. The market value represents a decrease of 19,424 JPY (-6.8%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.8 years old (a +1.7% increase compared to the 14.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a -9.1% decrease compared to the 82.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2016 and 18.0 min in 2017; +260.0%)

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)