Kintetsu Nagoya Line railway market report

Kintetsu Nagoya Line Apartment market overview

The average price of Kintetsu Nagoya Line (Kinntetsunagashima to Isenakagawa) Apartment, in Apr, 2019 to Jun, 2019 was 226,498 JPY/sq.m. The market value represents an increase of 32,428 JPY (+16.7%) compared to 1 year ago and a transition to a bull market. 23 properties exchanged hands ( The market value represents a decrease of 5 (-17.9%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 21.9 years old (a +2.3% increase compared to the 21.4 years old of last year.). The average size of the real estate was 74.8 sq.m (a +0.7% increase compared to the 74.3 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, as well as a dramatic decrease in transactions involving relatively old buildings under 40 years old.

2 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Kinntetsuyokkaichi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kinntetsuyokkaichi station, where prices have increased +66.6% compared to last year; a sq.m unit now costs 303,185 JPY/sq.m.

The top 2 stations has seen prices increase +36.4% (+65,338 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -31.3% (-48,784 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.3 min in 2018 and 9.1 min in 2019; -26.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.1% of total transactions in 2018 and 17.4% of total transactions in 2019)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 67.9% of total transactions in 2018 and 52.4% of total transactions in 2019)

Apartment stations market overview

The average price of Tsushinnmachi Apartment, the highest market value along this railway was 350,000 JPY/sq.m. The market value represents a decrease of 34,615 JPY (-9.0%) 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 Shiroko Apartment, the lowest market value along this railway was 100,481 JPY/sq.m. The market value represents a decrease of 63,329 JPY (-38.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) 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.)
Kinntetsunagashima178,947 JPYsq.m
(19.26301369863013695.0sq.m)
--
Kuwana164,274 JPYsq.m
(27.27031963470319670.0sq.m)
154,755 JPYsq.m
(24.26849315068493272.0sq.m)
214,603 JPYsq.m
(19.26575342465753671.7sq.m)
Masuo-230,769 JPYsq.m
(11.2602739726027465.0sq.m)
253,333 JPYsq.m
(10.2602739726027475.0sq.m)
Iseasahi---
Kawagoetomisuhara-188,636 JPYsq.m
(22.76712328767123257.5sq.m)
-
Kinntetsutomida--375,000 JPYsq.m
(7.25753424657534280.0sq.m)
Kasumigaura123,077 JPYsq.m
(28.2712328767123365.0sq.m)
--
Akuragawa108,333 JPYsq.m
(26.26849315068493260.0sq.m)
142,572 JPYsq.m
(27.2698630136986372.5sq.m)
-
Kawaramachi83,590 JPYsq.m
(31.2712328767123362.5sq.m)
-300,000 JPYsq.m
(9.25753424657534370.0sq.m)
Kinntetsuyokkaichi303,185 JPYsq.m
(21.06520547945205475.0sq.m)
182,028 JPYsq.m
(24.51849315068493268.8sq.m)
177,709 JPYsq.m
(26.06958904109588864.0sq.m)
Shinnshou---
Nagonoura-101,333 JPYsq.m
(26.26849315068493275.0sq.m)
-
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko100,481 JPYsq.m
(21.26575342465753672.5sq.m)
163,810 JPYsq.m
(21.98082191780821872.9sq.m)
146,594 JPYsq.m
(0.067.5sq.m)
Tsuzumigaura--67,273 JPYsq.m
(0.055.0sq.m)
Isoyama---
Tsu308,804 JPYsq.m
(17.06246575342465782.0sq.m)
321,428 JPYsq.m
(16.26301369863013672.5sq.m)
325,000 JPYsq.m
(5.25479452054794680.0sq.m)
Tsushinnmachi350,000 JPYsq.m
(9.25753424657534380.0sq.m)
384,615 JPYsq.m
(8.257534246575343130sq.m)
133,333 JPYsq.m
(35.27671232876712530.0sq.m)
Minamigaoka-246,405 JPYsq.m
(14.2602739726027487.5sq.m)
-
Hisai225,000 JPYsq.m
(21.26575342465753680.0sq.m)
270,588 JPYsq.m
(20.26575342465753685.0sq.m)
116,667 JPYsq.m
(22.26849315068493260.0sq.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

Kinntetsuyokkaichi303,185 JPY/sq.m (+67% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 303,185 JPY/sq.m. The market value represents an increase of 121,158 JPY (+66.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.1 years old (a -14.1% decrease compared to the 24.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a +9.1% increase compared to the 68.8 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 24.5 years old in 2018 and 21.1 years old in 2019; -14.1%)
  • A dramatic decrease in average distance from the station (representing 12.0 min in 2018 and 7.2 min in 2019; -40.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2018 and 20.0% of total transactions in 2019)

Kuwana164,274 JPY/sq.m (+6% compared with the previous year)

The average price of Kuwana Apartment was 164,274 JPY/sq.m. The market value represents an increase of 9,519 JPY (+6.2%) compared to 1 year ago and a transition to a strong 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 27.3 years old (a +12.4% increase compared to the 24.3 years old of last year.). The average size of the real estate was 70.0 sq.m (a -2.8% decrease compared to the 72.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.6 min in 2018 and 9.0 min in 2019; -22.4%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 100.0% of total transactions in 2019)

Causes of price decreases

  • An increase in average age of the building (representing 24.3 years old in 2018 and 27.3 years old in 2019; +12.4%)

Shiroko100,481 JPY/sq.m (-39% compared with the previous year)

The average price of Shiroko Apartment was 100,481 JPY/sq.m. The market value represents a decrease of 63,329 JPY (-38.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) 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 -3.3% decrease compared to the 22.0 years old of last year.). The average size of the real estate was 72.5 sq.m (a -0.5% decrease compared to the 72.9 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 20.1 min in 2018 and 18.0 min in 2019; -10.6%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2018 and 100.0% of total transactions in 2019)

Akuragawa108,333 JPY/sq.m (-24% compared with the previous year)

The average price of Akuragawa Apartment was 108,333 JPY/sq.m. The market value represents a decrease of 34,238 JPY (-24.0%) 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 26.3 years old (a -3.7% decrease compared to the 27.3 years old of last year.). The average size of the real estate was 60.0 sq.m (a -17.2% decrease compared to the 72.5 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 100.0% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.5 min in 2018 and 8.0 min in 2019; +23.1%)

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)