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, 2018 to Sep, 2018 was 231,638 JPY/sq.m. The market value represents an increase of 16,232 JPY (+7.5%) compared to 1 year ago and a transition to a strong market. 22 properties exchanged hands ( The market value represents a decrease of 4 (-15.4%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 19.2 years old (a -3.1% decrease compared to the 19.8 years old of last year.). The average size of the real estate was 71.8 sq.m (a -2.2% decrease compared to the 73.5 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.

6 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kawaramachi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsushinnmachi station, where prices have increased +136.8% compared to last year; a sq.m unit now costs 226,666 JPY/sq.m.

The top 2 stations has seen prices increase +90.3% (+93,718 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -2.2% (-6,399 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 13.3 min in 2017 and 10.8 min in 2018; -19.3%)
  • An increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 7.7% of total transactions in 2017 and 9.1% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 44.0% of total transactions in 2017 and 55.0% of total transactions in 2018)

Apartment stations market overview

The average price of Isenakagawa Apartment, the highest market value along this railway was 271,429 JPY/sq.m. The market value represents a decrease of 16,071 JPY (-5.6%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average price of Kawaramachi Apartment, the lowest market value along this railway was 185,714 JPY/sq.m. The market value represents an increase of 56,483 JPY (+43.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease 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---
Kuwana-234,353 JPYsq.m
(19.01780821917808275.0sq.m)
225,000 JPYsq.m
(16.01506849315068687.5sq.m)
Masuo--250,000 JPYsq.m
(9.51232876712328880.0sq.m)
Iseasahi--80,000 JPYsq.m
(24.5205479452054845.0sq.m)
Kawagoetomisuhara381,818 JPYsq.m
(25.5205479452054855.0sq.m)
-173,333 JPYsq.m
(20.18630136986301368.3sq.m)
Kinntetsutomida137,500 JPYsq.m
(28.52328767123287580.0sq.m)
-185,714 JPYsq.m
(26.52328767123287570.0sq.m)
Kasumigaura---
Akuragawa41,250 JPYsq.m
(26.5205479452054880.0sq.m)
--
Kawaramachi185,714 JPYsq.m
(16.51506849315068670.0sq.m)
129,231 JPYsq.m
(29.52328767123287565.0sq.m)
129,333 JPYsq.m
(28.52328767123287575.0sq.m)
Kinntetsuyokkaichi261,694 JPYsq.m
(18.5168949771689571.2sq.m)
258,365 JPYsq.m
(18.80234833659491472.9sq.m)
122,453 JPYsq.m
(30.12547945205479466.7sq.m)
Shinnshou225,000 JPYsq.m
(20.51780821917808280.0sq.m)
--
Nagonoura-72,000 JPYsq.m
(25.5205479452054875.0sq.m)
-
Mida---
Isewakamatsu---
Chiyozaki146,667 JPYsq.m
(27.52328767123287575.0sq.m)
--
Shiroko207,143 JPYsq.m
(24.01917808219178275.0sq.m)
200,000 JPYsq.m
(16.51506849315068675.0sq.m)
102,500 JPYsq.m
(22.8538812785388166.7sq.m)
Tsuzumigaura---
Isoyama-61,818 JPYsq.m
(29.52328767123287555.0sq.m)
-
Tsu269,940 JPYsq.m
(14.26301369863013870.0sq.m)
266,667 JPYsq.m
(14.76369863013698675.0sq.m)
286,090 JPYsq.m
(14.51506849315068482.5sq.m)
Tsushinnmachi226,666 JPYsq.m
(16.51506849315068670.0sq.m)
95,714 JPYsq.m
(27.52328767123287570.0sq.m)
171,429 JPYsq.m
(19.31780821917808376.0sq.m)
Minamigaoka256,250 JPYsq.m
(10.50958904109589175.0sq.m)
241,176 JPYsq.m
(17.51506849315068685.0sq.m)
-
Hisai200,000 JPYsq.m
(20.51780821917808265.0sq.m)
--
Momozono---
Isenakagawa271,429 JPYsq.m
(14.51232876712328870.0sq.m)
287,500 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

Tsushinnmachi226,666 JPY/sq.m (+137% compared with the previous year)

The average price of Tsushinnmachi Apartment was 226,666 JPY/sq.m. The market value represents an increase of 130,952 JPY (+136.8%) 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 16.5 years old (a -40.0% decrease compared to the 27.5 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 27.5 years old in 2017 and 16.5 years old in 2018; -40.0%)
  • A dramatic decrease in average distance from the station (representing 19.0 min in 2017 and 12.5 min in 2018; -34.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 50.0% of total transactions in 2018)

Kawaramachi185,714 JPY/sq.m (+44% compared with the previous year)

The average price of Kawaramachi Apartment was 185,714 JPY/sq.m. The market value represents an increase of 56,483 JPY (+43.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) 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 -44.1% decrease compared to the 29.5 years old of last year.). The average size of the real estate was 70.0 sq.m (a +7.7% increase compared to the 65.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 29.5 years old in 2017 and 16.5 years old in 2018; -44.1%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2017 and 15.0 min in 2018; +36.4%)

Isenakagawa271,429 JPY/sq.m (-6% compared with the previous year)

The average price of Isenakagawa Apartment was 271,429 JPY/sq.m. The market value represents a decrease of 16,071 JPY (-5.6%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 14.5 years old (a +70.5% increase compared to the 8.5 years old of last year.). The average size of the real estate was 70.0 sq.m (a -12.5% decrease compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.0 min in 2017 and 1.0 min in 2018; -87.5%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.5 years old in 2017 and 14.5 years old in 2018; +70.5%)

Tsu269,940 JPY/sq.m (+1% compared with the previous year)

The average price of Tsu Apartment was 269,940 JPY/sq.m. The market value represents an increase of 3,274 JPY (+1.2%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 14.3 years old (a -3.4% decrease compared to the 14.8 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.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2017 and 10.8 min in 2018; -40.3%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2017 and 50.0% 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)