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, 2021 to Jun, 2021 was 253,242 JPY/sq.m. The market value represents an increase of 14,391 JPY (+6.0%) compared to 1 year ago and a transition to a strong market. 23 properties exchanged hands ( The market value represents an increase of 3 (+15.0%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 20.5 years old (a -6.0% decrease compared to the 21.8 years old of last year.). The average size of the real estate was 73.3 sq.m (a -2.3% decrease compared to the 75.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

5 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Kinntetsunagashima, Kuwana, Tsushinnmachi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kuwana station, where prices have increased +61.9% compared to last year; a sq.m unit now costs 328,592 JPY/sq.m.

The top 2 stations has seen prices increase +52.5% (+92,050 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -31.0% (-129,741 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 5.0% of total transactions in 2020 and 13.0% of total transactions in 2021)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.8 min in 2020 and 14.2 min in 2021; +80.6%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 35.0% of total transactions in 2020 and 8.7% of total transactions in 2021)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 328,592 JPY/sq.m. The market value represents an increase of 125,686 JPY (+61.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Kinntetsunagashima Apartment, the lowest market value along this railway was 147,368 JPY/sq.m. The market value represents an increase of 29,721 JPY (+25.3%) compared to 1 year ago and a transition to a dramatic market. 1 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.)
Kinntetsunagashima147,368 JPYsq.m
(20.26575342465753695.0sq.m)
117,647 JPYsq.m
(11.2602739726027485.0sq.m)
178,947 JPYsq.m
(19.26301369863013695.0sq.m)
Kuwana328,592 JPYsq.m
(17.26356164383561578.0sq.m)
202,906 JPYsq.m
(29.0226027397260376.2sq.m)
164,274 JPYsq.m
(27.27031963470319670.0sq.m)
Masuo200,000 JPYsq.m
(24.26849315068493265.0sq.m)
442,857 JPYsq.m
(3.25479452054794570.0sq.m)
-
Iseasahi215,385 JPYsq.m
(13.2602739726027465.0sq.m)
--
Kawagoetomisuhara-384,615 JPYsq.m
(22.26849315068493265.0sq.m)
-
Kinntetsutomida-187,500 JPYsq.m
(15.26301369863013880.0sq.m)
-
Kasumigaura--123,077 JPYsq.m
(28.2712328767123365.0sq.m)
Akuragawa--108,333 JPYsq.m
(26.26849315068493260.0sq.m)
Kawaramachi-270,588 JPYsq.m
(17.26575342465753685.0sq.m)
83,590 JPYsq.m
(31.2712328767123362.5sq.m)
Kinntetsuyokkaichi310,521 JPYsq.m
(19.26575342465753670.7sq.m)
266,621 JPYsq.m
(21.76780821917808273.0sq.m)
303,185 JPYsq.m
(21.06520547945205475.0sq.m)
Shinnshou---
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko155,110 JPYsq.m
(30.9397260273972668.8sq.m)
153,846 JPYsq.m
(32.27397260273972565.0sq.m)
100,481 JPYsq.m
(21.26575342465753672.5sq.m)
Tsuzumigaura---
Isoyama---
Tsu218,254 JPYsq.m
(21.76712328767123280.0sq.m)
234,879 JPYsq.m
(19.51643835616438277.5sq.m)
308,804 JPYsq.m
(17.06246575342465782.0sq.m)
Tsushinnmachi194,128 JPYsq.m
(17.76438356164383670.0sq.m)
135,714 JPYsq.m
(31.27397260273972570.0sq.m)
350,000 JPYsq.m
(9.25753424657534380.0sq.m)
Minamigaoka---
Hisai--225,000 JPYsq.m
(21.26575342465753680.0sq.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

Kuwana328,592 JPY/sq.m (+62% compared with the previous year)

The average price of Kuwana Apartment was 328,592 JPY/sq.m. The market value represents an increase of 125,686 JPY (+61.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.3 years old (a -40.5% decrease compared to the 29.0 years old of last year.). The average size of the real estate was 78.0 sq.m (a +2.3% increase compared to the 76.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 29.0 years old in 2020 and 17.3 years old in 2021; -40.5%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 25.0% of total transactions in 2020 and 40.0% of total transactions in 2021)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2020 and 6.8 min in 2021; +36.0%)

Tsushinnmachi194,128 JPY/sq.m (+43% compared with the previous year)

The average price of Tsushinnmachi Apartment was 194,128 JPY/sq.m. The market value represents an increase of 58,414 JPY (+43.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.8 years old (a -43.2% decrease compared to the 31.3 years old of last year.). The average size of the real estate was 70.0 sq.m (a +0.0% decrease compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 31.3 years old in 2020 and 17.8 years old in 2021; -43.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2020 and 50.0% of total transactions in 2021)

Masuo200,000 JPY/sq.m (-55% compared with the previous year)

The average price of Masuo Apartment was 200,000 JPY/sq.m. The market value represents a decrease of 242,857 JPY (-54.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 24.3 years old (a +645.6% increase compared to the 3.3 years old of last year.). The average size of the real estate was 65.0 sq.m (a -7.1% decrease compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 6.0 min in 2020 and 4.0 min in 2021; -33.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 3.3 years old in 2020 and 24.3 years old in 2021; +645.6%)

Tsu218,254 JPY/sq.m (-7% compared with the previous year)

The average price of Tsu Apartment was 218,254 JPY/sq.m. The market value represents a decrease of 16,625 JPY (-7.1%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.8 years old (a +11.5% increase compared to the 19.5 years old of last year.). The average size of the real estate was 80.0 sq.m (a +3.2% increase compared to the 77.5 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2020 and 50.0% of total transactions in 2021)

Causes of price decreases

  • An increase in average age of the building (representing 19.5 years old in 2020 and 21.8 years old in 2021; +11.5%)
  • A dramatic increase in average distance from the station (representing 12.0 min in 2020 and 16.0 min in 2021; +33.3%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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