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, 2019 to Mar, 2019 was 228,501 JPY/sq.m. The market value represents a decrease of 1,643 JPY (-0.7%) compared to 1 year ago and a transition to a slight market. 22 properties exchanged hands ( The market value represents a decrease of 5 (-18.5%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 21.8 years old (a +29.2% increase compared to the 16.9 years old of last year.). The average size of the real estate was 71.1 sq.m (a -0.2% decrease compared to the 71.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

3 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Tsu, Tsushinnmachi 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 +85.6% compared to last year; a sq.m unit now costs 369,048 JPY/sq.m.

The top 2 stations has seen prices increase +68.5% (+136,368 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -40.3% (-142,303 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.9 years old in 2018 and 21.8 years old in 2019; +29.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 30.8% of total transactions in 2018 and 66.7% of total transactions in 2019)

Apartment stations market overview

The average price of Tsushinnmachi Apartment, the highest market value along this railway was 369,048 JPY/sq.m. The market value represents an increase of 170,159 JPY (+85.6%) 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 price of Akuragawa Apartment, the lowest market value along this railway was 150,000 JPY/sq.m. The market value represents a decrease of 26,923 JPY (-15.2%) compared to 1 year ago and a transition to a weak 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(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima--45,000 JPYsq.m
(26.01917808219178280.0sq.m)
Kuwana230,720 JPYsq.m
(26.34977168949771570.0sq.m)
398,352 JPYsq.m
(11.50684931506849367.5sq.m)
185,470 JPYsq.m
(22.6831050228310575.8sq.m)
Masuo-247,059 JPYsq.m
(17.0109589041095985.0sq.m)
-
Iseasahi-66,667 JPYsq.m
(10.00547945205479545.0sq.m)
-
Kawagoetomisuhara269,092 JPYsq.m
(19.01278538812785686.7sq.m)
-200,000 JPYsq.m
(18.01369863013698675.0sq.m)
Kinntetsutomida200,000 JPYsq.m
(29.01917808219178270.0sq.m)
244,048 JPYsq.m
(17.0109589041095972.5sq.m)
-
Kasumigaura133,333 JPYsq.m
(28.01917808219178230.0sq.m)
-180,000 JPYsq.m
(25.01780821917808245.0sq.m)
Akuragawa150,000 JPYsq.m
(27.01643835616438280.0sq.m)
176,923 JPYsq.m
(19.51369863013698665.0sq.m)
-
Kawaramachi---
Kinntetsuyokkaichi186,326 JPYsq.m
(28.41808219178082264.0sq.m)
303,301 JPYsq.m
(16.2109589041095975.0sq.m)
290,605 JPYsq.m
(14.86731898238747572.9sq.m)
Shinnshou---
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko156,258 JPYsq.m
(20.01232876712328675.0sq.m)
142,869 JPYsq.m
(16.5109589041095970.0sq.m)
217,084 JPYsq.m
(11.00821917808219170.0sq.m)
Tsuzumigaura---
Isoyama---
Tsu301,918 JPYsq.m
(11.67305936073059480.0sq.m)
199,342 JPYsq.m
(17.0115068493150773.0sq.m)
311,233 JPYsq.m
(9.60712328767123277.0sq.m)
Tsushinnmachi369,048 JPYsq.m
(10.00547945205479565.0sq.m)
198,889 JPYsq.m
(24.01643835616438260.0sq.m)
246,154 JPYsq.m
(28.01917808219178265.0sq.m)
Minamigaoka-278,254 JPYsq.m
(15.00913242009132381.7sq.m)
-
Hisai-87,143 JPYsq.m
(23.01643835616438270.0sq.m)
-
Momozono---
Isenakagawa---

*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

Tsushinnmachi369,048 JPY/sq.m (+86% compared with the previous year)

The average price of Tsushinnmachi Apartment was 369,048 JPY/sq.m. The market value represents an increase of 170,159 JPY (+85.6%) 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 10.0 years old (a -58.3% decrease compared to the 24.0 years old of last year.). The average size of the real estate was 65.0 sq.m (a +8.3% increase compared to the 60.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 24.0 years old in 2018 and 10.0 years old in 2019; -58.3%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 1.5 min in 2018 and 3.5 min in 2019; +133.3%)
  • A slight decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 50.0% of total transactions in 2018 and 50.0% of total transactions in 2019)

Tsu301,918 JPY/sq.m (+51% compared with the previous year)

The average price of Tsu Apartment was 301,918 JPY/sq.m. The market value represents an increase of 102,576 JPY (+51.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.7 years old (a -31.4% decrease compared to the 17.0 years old of last year.). The average size of the real estate was 80.0 sq.m (a +9.6% increase compared to the 73.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.0 years old in 2018 and 11.7 years old in 2019; -31.4%)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2018 and 33.3% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.6 min in 2018 and 14.3 min in 2019; +35.2%)

Kuwana230,720 JPY/sq.m (-42% compared with the previous year)

The average price of Kuwana Apartment was 230,720 JPY/sq.m. The market value represents a decrease of 167,631 JPY (-42.1%) 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 26.3 years old (a +129.0% increase compared to the 11.5 years old of last year.). The average size of the real estate was 70.0 sq.m (a +3.7% increase compared to the 67.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.5 years old in 2018 and 26.3 years old in 2019; +129.0%)
  • A dramatic increase in average distance from the station (representing 4.0 min in 2018 and 11.0 min in 2019; +175.0%)

Kinntetsuyokkaichi186,326 JPY/sq.m (-39% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 186,326 JPY/sq.m. The market value represents a decrease of 116,975 JPY (-38.6%) 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 28.4 years old (a +75.3% increase compared to the 16.2 years old of last year.). The average size of the real estate was 64.0 sq.m (a -14.7% decrease compared to the 75.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 8.6 min in 2018 and 7.2 min in 2019; -16.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.2 years old in 2018 and 28.4 years old in 2019; +75.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2018 and 80.0% of total transactions in 2019)

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)