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, 2018 to Dec, 2018 was 265,621 JPY/sq.m. The market value represents an increase of 23,808 JPY (+9.8%) compared to 1 year ago and a transition to a strong market. 17 properties exchanged hands ( The market value represents a decrease of 14 (-45.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.9 years old (a +0.7% increase compared to the 17.8 years old of last year.). The average size of the real estate was 74.7 sq.m (a +2.5% increase compared to the 72.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

2 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Kuwana, Tsushinnmachi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kuwana station, where prices have increased +60.2% compared to last year; a sq.m unit now costs 377,119 JPY/sq.m.

The top 2 stations has seen prices increase +56.0% (+101,759 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -22.8% (-41,925 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.4 min in 2017 and 8.9 min in 2018; -28.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.9% of total transactions in 2017 and 23.5% of total transactions in 2018)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 41.4% of total transactions in 2017 and 43.8% of total transactions in 2018)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 377,119 JPY/sq.m. The market value represents an increase of 141,696 JPY (+60.2%) 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 price of Shiroko Apartment, the lowest market value along this railway was 96,000 JPY/sq.m. The market value represents a decrease of 48,204 JPY (-33.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) 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--244,444 JPYsq.m
(7.75890410958904190.0sq.m)
Kuwana377,119 JPYsq.m
(9.75890410958904175.0sq.m)
235,423 JPYsq.m
(17.26506849315068674.0sq.m)
204,385 JPYsq.m
(19.433789954337973.3sq.m)
Masuo258,824 JPYsq.m
(11.76164383561643885.0sq.m)
--
Iseasahi---
Kawagoetomisuhara214,286 JPYsq.m
(20.76712328767123270.0sq.m)
240,000 JPYsq.m
(18.76712328767123275.0sq.m)
-
Kinntetsutomida-307,692 JPYsq.m
(7.75890410958904165.0sq.m)
-
Kasumigaura---
Akuragawa-245,588 JPYsq.m
(16.26438356164383682.5sq.m)
125,000 JPYsq.m
(26.7726027397260380.0sq.m)
Kawaramachi-294,118 JPYsq.m
(9.75890410958904185.0sq.m)
-
Kinntetsuyokkaichi257,616 JPYsq.m
(19.01575342465753676.2sq.m)
293,260 JPYsq.m
(16.20882800608828271.7sq.m)
259,459 JPYsq.m
(14.46356164383561672.0sq.m)
Shinnshou---
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko96,000 JPYsq.m
(29.7726027397260375.0sq.m)
144,204 JPYsq.m
(19.56602739726027571.7sq.m)
163,572 JPYsq.m
(24.10410958904109470.0sq.m)
Tsuzumigaura---
Isoyama--80,000 JPYsq.m
(28.7726027397260355.0sq.m)
Tsu306,667 JPYsq.m
(12.76164383561643875.0sq.m)
335,714 JPYsq.m
(16.26438356164383670.0sq.m)
318,319 JPYsq.m
(10.9610958904109675.0sq.m)
Tsushinnmachi180,930 JPYsq.m
(24.01917808219178271.2sq.m)
119,107 JPYsq.m
(32.27534246575342555.0sq.m)
269,173 JPYsq.m
(10.76164383561643882.5sq.m)
Minamigaoka-285,948 JPYsq.m
(18.26575342465753687.5sq.m)
255,882 JPYsq.m
(17.26575342465753677.5sq.m)
Hisai---
Momozono---
Isenakagawa--262,500 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

Kuwana377,119 JPY/sq.m (+60% compared with the previous year)

The average price of Kuwana Apartment was 377,119 JPY/sq.m. The market value represents an increase of 141,696 JPY (+60.2%) 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 9.8 years old (a -43.5% decrease compared to the 17.3 years old of last year.). The average size of the real estate was 75.0 sq.m (a +1.4% increase compared to the 74.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.3 years old in 2017 and 9.8 years old in 2018; -43.5%)
  • A dramatic decrease in average distance from the station (representing 14.8 min in 2017 and 5.2 min in 2018; -64.9%)
  • 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 2017 and 60.0% of total transactions in 2018)

Tsushinnmachi180,930 JPY/sq.m (+52% compared with the previous year)

The average price of Tsushinnmachi Apartment was 180,930 JPY/sq.m. The market value represents an increase of 61,822 JPY (+51.9%) compared to 1 year ago and a transition to a dramatic 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 24.0 years old (a -25.6% decrease compared to the 32.3 years old of last year.). The average size of the real estate was 71.2 sq.m (a +29.5% increase compared to the 55.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 32.3 years old in 2017 and 24.0 years old in 2018; -25.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 75.0% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.5 min in 2017 and 11.0 min in 2018; +69.2%)
  • A dramatic decrease 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 2017 and 25.0% of total transactions in 2018)

Shiroko96,000 JPY/sq.m (-33% compared with the previous year)

The average price of Shiroko Apartment was 96,000 JPY/sq.m. The market value represents a decrease of 48,204 JPY (-33.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.8 years old (a +52.2% increase compared to the 19.6 years old of last year.). The average size of the real estate was 75.0 sq.m (a +4.7% increase compared to the 71.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 23.3 min in 2017 and 7.0 min in 2018; -70.0%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.6 years old in 2017 and 29.8 years old in 2018; +52.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2017 and 100.0% of total transactions in 2018)

Kinntetsuyokkaichi257,616 JPY/sq.m (-12% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 257,616 JPY/sq.m. The market value represents a decrease of 35,645 JPY (-12.2%) compared to 1 year ago and a transition to a weak market. 4 properties exchanged hands ( The market value represents a decrease of 5 (-55.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.0 years old (a +17.3% increase compared to the 16.2 years old of last year.). The average size of the real estate was 76.2 sq.m (a +6.4% increase compared to the 71.7 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 16.2 years old in 2017 and 19.0 years old in 2018; +17.3%)
  • A dramatic increase in average distance from the station (representing 9.6 min in 2017 and 12.8 min in 2018; +33.4%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 44.4% 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)