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, 2021 to Mar, 2021 was 284,816 JPY/sq.m. The market value represents an increase of 87,706 JPY (+44.5%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents an increase of 6 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.0 years old (a -20.5% decrease compared to the 23.9 years old of last year.). The average size of the real estate was 78.6 sq.m (a +5.7% 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.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kuwana, Kinntetsuyokkaichi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shiroko station, where prices have increased +109.3% compared to last year; a sq.m unit now costs 182,749 JPY/sq.m.

The top 1 stations has seen prices increase +109.3% (+95,423 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -19.3% (-64,395 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 23.9 years old in 2020 and 19.0 years old in 2021; -20.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.7% of total transactions in 2020 and 19.0% of total transactions in 2021)

Causes of price decreases

  • An increase in average distance from the station (representing 12.0 min in 2020 and 13.3 min in 2021; +11.1%)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 421,277 JPY/sq.m. The market value represents an increase of 131,048 JPY (+45.2%) 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 price of Shiroko Apartment, the lowest market value along this railway was 182,749 JPY/sq.m. The market value represents an increase of 95,423 JPY (+109.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

Kintetsu Nagoya Line (Stations Apartment market overview)
Kintetsu Nagoya LineThis year(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima---
Kuwana288,973 JPYsq.m
(19.68127853881278778.3sq.m)
182,751 JPYsq.m
(26.218630136986384.0sq.m)
230,720 JPYsq.m
(26.34977168949771570.0sq.m)
Masuo169,231 JPYsq.m
(14.0109589041095965.0sq.m)
--
Iseasahi---
Kawagoetomisuhara--269,092 JPYsq.m
(19.01278538812785686.7sq.m)
Kinntetsutomida--200,000 JPYsq.m
(29.01917808219178270.0sq.m)
Kasumigaura--133,333 JPYsq.m
(28.01917808219178230.0sq.m)
Akuragawa158,333 JPYsq.m
(31.0219178082191860.0sq.m)
-150,000 JPYsq.m
(27.01643835616438280.0sq.m)
Kawaramachi-143,334 JPYsq.m
(32.0219178082191872.5sq.m)
-
Kinntetsuyokkaichi421,277 JPYsq.m
(15.5109589041095985.8sq.m)
290,229 JPYsq.m
(19.76438356164383671.2sq.m)
186,326 JPYsq.m
(28.41808219178082264.0sq.m)
Shinnshou---
Nagonoura93,333 JPYsq.m
(29.01917808219178275.0sq.m)
--
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko182,749 JPYsq.m
(17.6785388127853988.3sq.m)
87,326 JPYsq.m
(30.0205479452054868.3sq.m)
156,258 JPYsq.m
(20.01232876712328675.0sq.m)
Tsuzumigaura---
Isoyama---
Tsu268,938 JPYsq.m
(19.01369863013698676.0sq.m)
333,333 JPYsq.m
(8.00547945205479560.0sq.m)
301,918 JPYsq.m
(11.67305936073059480.0sq.m)
Tsushinnmachi--369,048 JPYsq.m
(10.00547945205479565.0sq.m)
Minamigaoka---
Hisai272,727 JPYsq.m
(24.01643835616438255.0sq.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

Shiroko182,749 JPY/sq.m (+109% compared with the previous year)

The average price of Shiroko Apartment was 182,749 JPY/sq.m. The market value represents an increase of 95,423 JPY (+109.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 17.7 years old (a -41.1% decrease compared to the 30.0 years old of last year.). The average size of the real estate was 88.3 sq.m (a +29.3% increase compared to the 68.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 30.0 years old in 2020 and 17.7 years old in 2021; -41.1%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2020 and 66.7% of total transactions in 2021)

Tsu268,938 JPY/sq.m (-19% compared with the previous year)

The average price of Tsu Apartment was 268,938 JPY/sq.m. The market value represents a decrease of 64,395 JPY (-19.3%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.0 years old (a +137.5% increase compared to the 8.0 years old of last year.). The average size of the real estate was 76.0 sq.m (a +26.7% increase compared to the 60.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.0 years old in 2020 and 19.0 years old in 2021; +137.5%)
  • A dramatic increase in average distance from the station (representing 11.0 min in 2020 and 16.4 min in 2021; +49.1%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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