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, 2018 to Mar, 2018 was 230,144 JPY/sq.m. The market value represents a decrease of 9,398 JPY (-3.9%) compared to 1 year ago and a transition to a some market. 27 properties exchanged hands ( The market value represents an increase of 2 (+8.0%) compared to 1 year ago and a transition to a strong market.).

The average age of the real estate was 16.9 years old (a -4.0% decrease compared to the 17.6 years old of last year.). The average size of the real estate was 71.3 sq.m (a -1.0% decrease compared to the 72.0 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, as well as a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Tsushinnmachi station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Tsu station, where prices have decreased -36.0% compared to last year; a sq.m unit now costs 199,342 JPY/sq.m.

The top 1 stations has seen prices increase +114.8% (+212,881 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -36.0% (-111,891 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 8.0% of total transactions in 2017 and 14.8% of total transactions in 2018)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 45.8% of total transactions in 2017 and 30.8% of total transactions in 2018)

Causes of price decreases

  • An increase in average distance from the station (representing 8.4 min in 2017 and 9.9 min in 2018; +17.8%)
  • A some decrease in transactions involving recently constructed buildings under 6 years old (representing 4.2% of total transactions in 2017 and 3.8% of total transactions in 2018)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 398,352 JPY/sq.m. The market value represents an increase of 212,881 JPY (+114.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Shiroko Apartment, the lowest market value along this railway was 142,869 JPY/sq.m. The market value represents a decrease of 74,214 JPY (-34.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Nagoya Line (Stations Apartment market overview)
Kintetsu Nagoya LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima-45,000 JPYsq.m
(26.01917808219178280.0sq.m)
-
Kuwana398,352 JPYsq.m
(11.50684931506849367.5sq.m)
185,470 JPYsq.m
(22.6831050228310575.8sq.m)
180,155 JPYsq.m
(23.445401174168370.0sq.m)
Masuo247,059 JPYsq.m
(17.0109589041095985.0sq.m)
--
Iseasahi66,667 JPYsq.m
(10.00547945205479545.0sq.m)
-51,111 JPYsq.m
(24.01643835616438245.0sq.m)
Kawagoetomisuhara-200,000 JPYsq.m
(18.01369863013698675.0sq.m)
200,000 JPYsq.m
(12.50958904109589177.5sq.m)
Kinntetsutomida244,048 JPYsq.m
(17.0109589041095972.5sq.m)
--
Kasumigaura-180,000 JPYsq.m
(25.01780821917808245.0sq.m)
-
Akuragawa176,923 JPYsq.m
(19.51369863013698665.0sq.m)
-94,286 JPYsq.m
(24.01643835616438270.0sq.m)
Kawaramachi--200,000 JPYsq.m
(14.0109589041095970.0sq.m)
Kinntetsuyokkaichi303,301 JPYsq.m
(16.2109589041095975.0sq.m)
290,605 JPYsq.m
(14.86731898238747572.9sq.m)
323,409 JPYsq.m
(15.0104109589041172.0sq.m)
Shinnshou---
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko142,869 JPYsq.m
(16.5109589041095970.0sq.m)
217,084 JPYsq.m
(11.00821917808219170.0sq.m)
94,560 JPYsq.m
(25.01780821917808267.5sq.m)
Tsuzumigaura--68,182 JPYsq.m
(28.01917808219178255.0sq.m)
Isoyama---
Tsu199,342 JPYsq.m
(17.0115068493150773.0sq.m)
311,233 JPYsq.m
(9.60712328767123277.0sq.m)
315,700 JPYsq.m
(11.8093150684931572.5sq.m)
Tsushinnmachi198,889 JPYsq.m
(24.01643835616438260.0sq.m)
246,154 JPYsq.m
(28.01917808219178265.0sq.m)
289,286 JPYsq.m
(16.0118721461187266.7sq.m)
Minamigaoka278,254 JPYsq.m
(15.00913242009132381.7sq.m)
-300,000 JPYsq.m
(0.0100sq.m)
Hisai87,143 JPYsq.m
(23.01643835616438270.0sq.m)
-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

Kuwana398,352 JPY/sq.m (+115% compared with the previous year)

The average price of Kuwana Apartment was 398,352 JPY/sq.m. The market value represents an increase of 212,881 JPY (+114.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.5 years old (a -49.3% decrease compared to the 22.7 years old of last year.). The average size of the real estate was 67.5 sq.m (a -11.0% decrease compared to the 75.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.7 years old in 2017 and 11.5 years old in 2018; -49.3%)
  • A dramatic decrease in average distance from the station (representing 10.3 min in 2017 and 4.0 min in 2018; -61.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2017 and 100.0% of total transactions in 2018)

Tsu199,342 JPY/sq.m (-36% compared with the previous year)

The average price of Tsu Apartment was 199,342 JPY/sq.m. The market value represents a decrease of 111,891 JPY (-36.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 17.0 years old (a +77.1% increase compared to the 9.6 years old of last year.). The average size of the real estate was 73.0 sq.m (a -5.2% decrease compared to the 77.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.6 years old in 2017 and 17.0 years old in 2018; +77.1%)
  • A dramatic increase in average distance from the station (representing 6.6 min in 2017 and 10.6 min in 2018; +60.6%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 60.0% of total transactions in 2017 and 20.0% of total transactions in 2018)

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)