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, 2020 to Sep, 2020 was 250,819 JPY/sq.m. The market value represents an increase of 34,916 JPY (+16.2%) compared to 1 year ago and a transition to a bull market. 15 properties exchanged hands ( The market value represents a decrease of 15 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.4 years old (a -21.0% decrease compared to the 22.1 years old of last year.). The average size of the real estate was 74.0 sq.m (a +9.9% increase compared to the 67.3 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.

3 stations have experienced increased prices; 3 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 +61.4% compared to last year; a sq.m unit now costs 403,922 JPY/sq.m.

The top 2 stations has seen prices increase +38.4% (+92,588 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -19.7% (-56,857 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.1 years old in 2019 and 17.4 years old in 2020; -21.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2019 and 30.8% of total transactions in 2020)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 23.3% of total transactions in 2019 and 20.0% of total transactions in 2020)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 403,922 JPY/sq.m. The market value represents an increase of 153,704 JPY (+61.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Kawagoetomisuhara Apartment, the lowest market value along this railway was 163,636 JPY/sq.m. The market value represents an increase of 14,302 JPY (+9.6%) compared to 1 year ago and a transition to a strong 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima-157,895 JPYsq.m
(19.51506849315068695.0sq.m)
-
Kuwana200,536 JPYsq.m
(24.2712328767123368.8sq.m)
257,564 JPYsq.m
(22.51780821917808273.1sq.m)
-
Masuo212,500 JPYsq.m
(18.51780821917808280.0sq.m)
--
Iseasahi---
Kawagoetomisuhara163,636 JPYsq.m
(25.52328767123287555.0sq.m)
149,334 JPYsq.m
(20.01643835616438272.5sq.m)
381,818 JPYsq.m
(25.5205479452054855.0sq.m)
Kinntetsutomida--137,500 JPYsq.m
(28.52328767123287580.0sq.m)
Kasumigaura---
Akuragawa-141,667 JPYsq.m
(26.5205479452054860.0sq.m)
41,250 JPYsq.m
(26.5205479452054880.0sq.m)
Kawaramachi--185,714 JPYsq.m
(16.51506849315068670.0sq.m)
Kinntetsuyokkaichi403,922 JPYsq.m
(11.51232876712328872.5sq.m)
250,217 JPYsq.m
(19.3161643835616473.0sq.m)
261,694 JPYsq.m
(18.5168949771689571.2sq.m)
Shinnshou--225,000 JPYsq.m
(20.51780821917808280.0sq.m)
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki--146,667 JPYsq.m
(27.52328767123287575.0sq.m)
Shiroko235,714 JPYsq.m
(11.51232876712328877.5sq.m)
204,242 JPYsq.m
(20.01643835616438265.0sq.m)
207,143 JPYsq.m
(24.01917808219178275.0sq.m)
Tsuzumigaura---
Isoyama-52,727 JPYsq.m
(31.52328767123287555.0sq.m)
-
Tsu278,676 JPYsq.m
(12.01232876712328882.5sq.m)
287,850 JPYsq.m
(14.51232876712328874.0sq.m)
269,940 JPYsq.m
(14.26301369863013870.0sq.m)
Tsushinnmachi-84,881 JPYsq.m
(33.5260273972602740.0sq.m)
226,666 JPYsq.m
(16.51506849315068670.0sq.m)
Minamigaoka238,393 JPYsq.m
(12.51232876712328875.0sq.m)
-256,250 JPYsq.m
(10.50958904109589175.0sq.m)
Hisai270,588 JPYsq.m
(14.51506849315068485.0sq.m)
327,273 JPYsq.m
(21.51780821917808255.0sq.m)
200,000 JPYsq.m
(20.51780821917808265.0sq.m)
Momozono---
Isenakagawa--271,429 JPYsq.m
(14.51232876712328870.0sq.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

Kinntetsuyokkaichi403,922 JPY/sq.m (+61% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 403,922 JPY/sq.m. The market value represents an increase of 153,704 JPY (+61.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.5 years old (a -40.4% decrease compared to the 19.3 years old of last year.). The average size of the real estate was 72.5 sq.m (a -0.7% decrease compared to the 73.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.3 years old in 2019 and 11.5 years old in 2020; -40.4%)
  • A dramatic decrease in average distance from the station (representing 9.0 min in 2019 and 5.0 min in 2020; -44.4%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 20.0% of total transactions in 2019 and 50.0% of total transactions in 2020)

Shiroko235,714 JPY/sq.m (+15% compared with the previous year)

The average price of Shiroko Apartment was 235,714 JPY/sq.m. The market value represents an increase of 31,472 JPY (+15.4%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 11.5 years old (a -42.5% decrease compared to the 20.0 years old of last year.). The average size of the real estate was 77.5 sq.m (a +19.2% 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 20.0 years old in 2019 and 11.5 years old in 2020; -42.5%)
  • A dramatic decrease in average distance from the station (representing 26.0 min in 2019 and 20.5 min in 2020; -21.2%)

Kuwana200,536 JPY/sq.m (-22% compared with the previous year)

The average price of Kuwana Apartment was 200,536 JPY/sq.m. The market value represents a decrease of 57,028 JPY (-22.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 4 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.3 years old (a +7.8% increase compared to the 22.5 years old of last year.). The average size of the real estate was 68.8 sq.m (a -6.0% decrease compared to the 73.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2019 and 16.8 min in 2020; +109.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 62.5% of total transactions in 2019 and 75.0% of total transactions in 2020)

Hisai270,588 JPY/sq.m (-17% compared with the previous year)

The average price of Hisai Apartment was 270,588 JPY/sq.m. The market value represents a decrease of 56,685 JPY (-17.3%) compared to 1 year ago and a transition to a weak 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 -32.5% decrease compared to the 21.5 years old of last year.). The average size of the real estate was 85.0 sq.m (a +54.5% 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 21.5 years old in 2019 and 14.5 years old in 2020; -32.5%)

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)