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, 2020 to Dec, 2020 was 253,691 JPY/sq.m. The market value represents an increase of 35,537 JPY (+16.3%) compared to 1 year ago and a transition to a bull market. 24 properties exchanged hands ( The market value represents a decrease of 10 (-29.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.5 years old (a -11.9% decrease compared to the 21.0 years old of last year.). The average size of the real estate was 85.2 sq.m (a +4.6% increase compared to the 81.5 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.

2 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Tsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +78.5% compared to last year; a sq.m unit now costs 238,049 JPY/sq.m.

The top 2 stations has seen prices increase +48.7% (+79,200 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -56.1% (-98,317 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 21.0 years old in 2019 and 18.5 years old in 2020; -11.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2019 and 36.4% of total transactions in 2020)

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 26.5% of total transactions in 2019 and 12.5% of total transactions in 2020)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 9.4% of total transactions in 2019 and 4.5% of total transactions in 2020)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 338,340 JPY/sq.m. The market value represents an increase of 53,685 JPY (+18.9%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Shiroko Apartment, the lowest market value along this railway was 25,405 JPY/sq.m. The market value represents a decrease of 126,305 JPY (-83.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) 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---
Kuwana247,253 JPYsq.m
(23.16931506849314881.0sq.m)
282,210 JPYsq.m
(18.63938356164383676.2sq.m)
377,119 JPYsq.m
(9.75890410958904175.0sq.m)
Masuo-200,000 JPYsq.m
(12.76164383561643865.0sq.m)
258,824 JPYsq.m
(11.76164383561643885.0sq.m)
Iseasahi---
Kawagoetomisuhara172,528 JPYsq.m
(21.43561643835616366.7sq.m)
242,857 JPYsq.m
(11.75890410958904170.0sq.m)
214,286 JPYsq.m
(20.76712328767123270.0sq.m)
Kinntetsutomida342,857 JPYsq.m
(6.75890410958904180.0sq.m)
--
Kasumigaura-84,000 JPYsq.m
(26.7698630136986375.0sq.m)
-
Akuragawa-162,452 JPYsq.m
(27.1031963470319672.5sq.m)
-
Kawaramachi-270,588 JPYsq.m
(11.75890410958904185.0sq.m)
-
Kinntetsuyokkaichi338,340 JPYsq.m
(13.42968036529680271.7sq.m)
284,655 JPYsq.m
(23.36821917808219272.0sq.m)
257,616 JPYsq.m
(19.01575342465753676.2sq.m)
Shinnshou-142,857 JPYsq.m
(29.7726027397260370.0sq.m)
-
Nagonoura-47,059 JPYsq.m
(27.7698630136986385.0sq.m)
-
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko25,405 JPYsq.m
(0.0370sq.m)
151,710 JPYsq.m
(19.931963470319637117sq.m)
96,000 JPYsq.m
(29.7726027397260375.0sq.m)
Tsuzumigaura---
Isoyama---
Tsu238,049 JPYsq.m
(15.0977168949771771.7sq.m)
133,333 JPYsq.m
(28.7726027397260360.0sq.m)
306,667 JPYsq.m
(12.76164383561643875.0sq.m)
Tsushinnmachi218,142 JPYsq.m
(27.10593607305935761.7sq.m)
-180,930 JPYsq.m
(24.01917808219178271.2sq.m)
Minamigaoka225,000 JPYsq.m
(12.76164383561643880.0sq.m)
300,000 JPYsq.m
(19.76438356164383670.0sq.m)
-
Hisai-257,143 JPYsq.m
(22.76712328767123235.0sq.m)
-
Momozono---
Isenakagawa-346,667 JPYsq.m
(12.76164383561643875.0sq.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

Tsu238,049 JPY/sq.m (+79% compared with the previous year)

The average price of Tsu Apartment was 238,049 JPY/sq.m. The market value represents an increase of 104,716 JPY (+78.5%) 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 15.1 years old (a -47.5% decrease compared to the 28.8 years old of last year.). The average size of the real estate was 71.7 sq.m (a +19.4% 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 28.8 years old in 2019 and 15.1 years old in 2020; -47.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 33.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2019 and 15.0 min in 2020; +50.0%)

Kinntetsuyokkaichi338,340 JPY/sq.m (+19% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 338,340 JPY/sq.m. The market value represents an increase of 53,685 JPY (+18.9%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.4 years old (a -42.5% decrease compared to the 23.4 years old of last year.). The average size of the real estate was 71.7 sq.m (a -0.5% decrease compared to the 72.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 23.4 years old in 2019 and 13.4 years old in 2020; -42.5%)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2019 and 16.7% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.6 min in 2019 and 10.0 min in 2020; +51.5%)
  • An decrease in transactions involving recently constructed buildings under 6 years old (representing 20.0% of total transactions in 2019 and 16.7% of total transactions in 2020)

Shiroko25,405 JPY/sq.m (-83% compared with the previous year)

The average price of Shiroko Apartment was 25,405 JPY/sq.m. The market value represents a decrease of 126,305 JPY (-83.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 370.0 sq.m (a +215.9% increase compared to the 117.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.6 min in 2019 and 28.0 min in 2020; +69.0%)

Kawagoetomisuhara172,528 JPY/sq.m (-29% compared with the previous year)

The average price of Kawagoetomisuhara Apartment was 172,528 JPY/sq.m. The market value represents a decrease of 70,329 JPY (-29.0%) 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 21.4 years old (a +82.3% increase compared to the 11.8 years old of last year.). The average size of the real estate was 66.7 sq.m (a -4.8% decrease compared to the 70.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.0 min in 2019 and 7.3 min in 2020; -18.5%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.8 years old in 2019 and 21.4 years old in 2020; +82.3%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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