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, 2021 to Dec, 2021 was 224,504 JPY/sq.m. The market value represents a decrease of 29,187 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 12 properties exchanged hands ( The market value represents a decrease of 12 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.7 years old (a +33.4% increase compared to the 18.5 years old of last year.). The average size of the real estate was 77.1 sq.m (a -9.5% decrease compared to the 85.2 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.

3 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Shiroko, Tsu 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 +68.7% compared to last year; a sq.m unit now costs 42,857 JPY/sq.m.

The top 1 stations has seen prices increase +68.7% (+17,452 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -42.3% (-143,102 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 4.2% of total transactions in 2020 and 8.3% of total transactions in 2021)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.5 years old in 2020 and 24.7 years old in 2021; +33.4%)
  • An increase in average distance from the station (representing 9.9 min in 2020 and 11.6 min in 2021; +16.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 36.4% of total transactions in 2020 and 54.5% of total transactions in 2021)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 357,143 JPY/sq.m. The market value represents an increase of 119,094 JPY (+50.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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 42,857 JPY/sq.m. The market value represents an increase of 17,452 JPY (+68.7%) 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.)
Kinntetsunagashima---
Kuwana286,190 JPYsq.m
(16.51438356164383688.8sq.m)
247,253 JPYsq.m
(23.16931506849314881.0sq.m)
282,210 JPYsq.m
(18.63938356164383676.2sq.m)
Masuo--200,000 JPYsq.m
(12.76164383561643865.0sq.m)
Iseasahi---
Kawagoetomisuhara-172,528 JPYsq.m
(21.43561643835616366.7sq.m)
242,857 JPYsq.m
(11.75890410958904170.0sq.m)
Kinntetsutomida-342,857 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)
Kinntetsuyokkaichi195,238 JPYsq.m
(27.43926940639269780.0sq.m)
338,340 JPYsq.m
(13.42968036529680271.7sq.m)
284,655 JPYsq.m
(23.36821917808219272.0sq.m)
Shinnshou--142,857 JPYsq.m
(29.7726027397260370.0sq.m)
Nagonoura--47,059 JPYsq.m
(27.7698630136986385.0sq.m)
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko42,857 JPYsq.m
(33.77534246575342570.0sq.m)
25,405 JPYsq.m
(0.0370sq.m)
151,710 JPYsq.m
(19.931963470319637117sq.m)
Tsuzumigaura---
Isoyama---
Tsu357,143 JPYsq.m
(24.7698630136986370.0sq.m)
238,049 JPYsq.m
(15.0977168949771771.7sq.m)
133,333 JPYsq.m
(28.7726027397260360.0sq.m)
Tsushinnmachi143,333 JPYsq.m
(39.7808219178082230.0sq.m)
218,142 JPYsq.m
(27.10593607305935761.7sq.m)
-
Minamigaoka-225,000 JPYsq.m
(12.76164383561643880.0sq.m)
300,000 JPYsq.m
(19.76438356164383670.0sq.m)
Hisai225,000 JPYsq.m
(24.7698630136986380.0sq.m)
-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

Shiroko42,857 JPY/sq.m (+69% compared with the previous year)

The average price of Shiroko Apartment was 42,857 JPY/sq.m. The market value represents an increase of 17,452 JPY (+68.7%) 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 size of the real estate was 70.0 sq.m (a -81.1% decrease compared to the 370.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 28.0 min in 2020 and 23.0 min in 2021; -17.9%)

Kinntetsuyokkaichi195,238 JPY/sq.m (-42% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 195,238 JPY/sq.m. The market value represents a decrease of 143,102 JPY (-42.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.4 years old (a +104.3% increase compared to the 13.4 years old of last year.). The average size of the real estate was 80.0 sq.m (a +11.6% increase compared to the 71.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.4 years old in 2020 and 27.4 years old in 2021; +104.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 16.7% of total transactions in 2020 and 66.7% of total transactions in 2021)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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