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 Dec, 2018 was 226,164 JPY/sq.m. The market value represents an increase of 672 JPY (+0.3%) compared to 1 year ago and a transition to a slight market. 94 properties exchanged hands ( The market value represents a decrease of 7 (-6.9%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 19.0 years old (a +2.2% increase compared to the 18.6 years old of last year.). The average size of the real estate was 72.9 sq.m (a +1.9% increase compared to the 71.5 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 less than ten minutes by foot from the station.

5 stations have experienced increased prices; 9 stations have experienced decreased prices. Market value of most stations decreased. Kuwana, Nagonoura, Tsushinnmachi, Hisai 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 +61.4% compared to last year; a sq.m unit now costs 217,716 JPY/sq.m.

The top 2 stations has seen prices increase +60.4% (+76,052 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -41.8% (-121,177 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 7.9% of total transactions in 2017 and 12.8% of total transactions in 2018)
  • A slight increase in transactions involving nearly new buildings under 3 years old (representing 1.1% of total transactions in 2017 and 1.1% of total transactions in 2018)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 44.6% of total transactions in 2017 and 50.0% of total transactions in 2018)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.8% of total transactions in 2017 and 16.0% of total transactions in 2018)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 288,006 JPY/sq.m. The market value represents an increase of 71,926 JPY (+33.3%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 7 (-36.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Nagonoura Apartment, the lowest market value along this railway was 101,333 JPY/sq.m. The market value represents an increase of 29,333 JPY (+40.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

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)
244,444 JPYsq.m
(7.75890410958904190.0sq.m)
Kuwana288,006 JPYsq.m
(16.671980074719872.5sq.m)
216,080 JPYsq.m
(19.94278807413376274.5sq.m)
214,430 JPYsq.m
(19.81284246575342375.0sq.m)
Masuo245,551 JPYsq.m
(13.34429223744292378.3sq.m)
253,333 JPYsq.m
(10.2602739726027475.0sq.m)
291,666 JPYsq.m
(9.38630136986301477.5sq.m)
Iseasahi66,667 JPYsq.m
(10.00547945205479545.0sq.m)
-60,741 JPYsq.m
(24.26849315068493245.0sq.m)
Kawagoetomisuhara243,344 JPYsq.m
(22.95547945205479660.0sq.m)
220,000 JPYsq.m
(18.3904109589041175.0sq.m)
186,667 JPYsq.m
(15.63926940639269271.7sq.m)
Kinntetsutomida208,532 JPYsq.m
(20.84840182648401875.0sq.m)
341,346 JPYsq.m
(7.50821917808219272.5sq.m)
131,428 JPYsq.m
(26.39726027397260270.0sq.m)
Kasumigaura-180,000 JPYsq.m
(25.01780821917808245.0sq.m)
-
Akuragawa136,048 JPYsq.m
(24.0175342465753471.0sq.m)
245,588 JPYsq.m
(16.26438356164383682.5sq.m)
109,643 JPYsq.m
(25.39452054794520675.0sq.m)
Kawaramachi185,714 JPYsq.m
(16.51506849315068670.0sq.m)
213,145 JPYsq.m
(19.51575342465753671.2sq.m)
180,366 JPYsq.m
(16.93059360730593776.7sq.m)
Kinntetsuyokkaichi254,227 JPYsq.m
(19.4214041095890472.9sq.m)
263,238 JPYsq.m
(18.28268101761252570.9sq.m)
235,540 JPYsq.m
(18.51575342465753670.5sq.m)
Shinnshou225,000 JPYsq.m
(20.51780821917808280.0sq.m)
-178,947 JPYsq.m
(18.26575342465753695.0sq.m)
Nagonoura101,333 JPYsq.m
(26.26849315068493275.0sq.m)
72,000 JPYsq.m
(25.5205479452054875.0sq.m)
-
Mida---
Isewakamatsu---
Chiyozaki146,667 JPYsq.m
(27.52328767123287575.0sq.m)
--
Shiroko160,428 JPYsq.m
(22.0582191780821972.7sq.m)
160,444 JPYsq.m
(17.90763209393346570.4sq.m)
139,965 JPYsq.m
(22.3219178082191869.0sq.m)
Tsuzumigaura-67,273 JPYsq.m
(0.055.0sq.m)
44,091 JPYsq.m
(28.14520547945205655.0sq.m)
Isoyama-61,818 JPYsq.m
(29.52328767123287555.0sq.m)
80,000 JPYsq.m
(28.7726027397260355.0sq.m)
Tsu252,166 JPYsq.m
(15.61643835616438472.1sq.m)
301,605 JPYsq.m
(12.0728310502283175.4sq.m)
306,422 JPYsq.m
(11.95753424657534276.0sq.m)
Tsushinnmachi217,716 JPYsq.m
(20.59969558599695575.0sq.m)
134,855 JPYsq.m
(30.48219178082191857.5sq.m)
245,475 JPYsq.m
(15.62739726027397376.2sq.m)
Minamigaoka262,867 JPYsq.m
(14.00958904109589181.4sq.m)
263,562 JPYsq.m
(17.8904109589041186.2sq.m)
270,588 JPYsq.m
(17.26575342465753685.0sq.m)
Hisai185,910 JPYsq.m
(21.26666666666666673.3sq.m)
116,667 JPYsq.m
(22.26849315068493260.0sq.m)
177,884 JPYsq.m
(15.63835616438356172.5sq.m)
Momozono---
Isenakagawa271,429 JPYsq.m
(14.51232876712328870.0sq.m)
287,500 JPYsq.m
(8.50958904109589180.0sq.m)
293,750 JPYsq.m
(8.38356164383561680.0sq.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

Tsushinnmachi217,716 JPY/sq.m (+61% compared with the previous year)

The average price of Tsushinnmachi Apartment was 217,716 JPY/sq.m. The market value represents an increase of 82,861 JPY (+61.4%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 3 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.6 years old (a -32.4% decrease compared to the 30.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a +30.4% increase compared to the 57.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 30.5 years old in 2017 and 20.6 years old in 2018; -32.4%)
  • An decrease in average distance from the station (representing 9.7 min in 2017 and 8.2 min in 2018; -14.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 55.6% of total transactions in 2018)

Causes of price decreases

  • 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 22.2% of total transactions in 2018)

Hisai185,910 JPY/sq.m (+59% compared with the previous year)

The average price of Hisai Apartment was 185,910 JPY/sq.m. The market value represents an increase of 69,243 JPY (+59.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.3 years old (a -4.5% decrease compared to the 22.3 years old of last year.). The average size of the real estate was 73.3 sq.m (a +22.2% increase compared to the 60.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.0 min in 2017 and 5.7 min in 2018; -64.6%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 100.0% of total transactions in 2018)

Akuragawa136,048 JPY/sq.m (-45% compared with the previous year)

The average price of Akuragawa Apartment was 136,048 JPY/sq.m. The market value represents a decrease of 109,540 JPY (-44.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) 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 +47.7% increase compared to the 16.3 years old of last year.). The average size of the real estate was 71.0 sq.m (a -13.9% decrease compared to the 82.5 sq.m of last year.).

Cause of price increases

  • An increase 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 60.0% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.3 years old in 2017 and 24.0 years old in 2018; +47.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2017 and 80.0% of total transactions in 2018)

Kinntetsutomida208,532 JPY/sq.m (-39% compared with the previous year)

The average price of Kinntetsutomida Apartment was 208,532 JPY/sq.m. The market value represents a decrease of 132,814 JPY (-38.9%) 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.).

The average age of the real estate was 20.8 years old (a +177.7% increase compared to the 7.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a +3.4% increase compared to the 72.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 7.5 years old in 2017 and 20.8 years old in 2018; +177.7%)
  • A dramatic increase in average distance from the station (representing 3.0 min in 2017 and 10.0 min in 2018; +233.3%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2017 and 33.3% 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)