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 Dec, 2021 was 250,391 JPY/sq.m. The market value represents an increase of 9,524 JPY (+4.0%) compared to 1 year ago and a transition to a some market. 81 properties exchanged hands ( The market value represents a decrease of 1 (-1.2%) compared to 1 year ago and a transition to a slight market.).

The average age of the real estate was 21.0 years old (a +1.8% increase compared to the 20.6 years old of last year.). The average size of the real estate was 75.3 sq.m (a -2.7% decrease compared to the 77.4 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, as well as a dramatic increase in transactions involving relatively large size more than 100 sq.m.

7 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Kinntetsunagashima, Kuwana, Akuragawa, Shiroko station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Akuragawa station, where prices have increased +73.5% compared to last year; a sq.m unit now costs 158,333 JPY/sq.m.

The top 2 stations has seen prices increase +53.1% (+69,583 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -40.2% (-82,233 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 1.3% of total transactions in 2020 and 3.8% of total transactions in 2021)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 4.0% of total transactions in 2020 and 6.4% of total transactions in 2021)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.9 min in 2020 and 11.9 min in 2021; +20.5%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 48.0% of total transactions in 2020 and 53.8% of total transactions in 2021)

Apartment stations market overview

The average price of Kinntetsutomida Apartment, the highest market value along this railway was 310,294 JPY/sq.m. The market value represents a decrease of 8,010 JPY (-2.5%) compared to 1 year ago and a transition to a slight 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 price of Tsushinnmachi Apartment, the lowest market value along this railway was 110,851 JPY/sq.m. The market value represents a decrease of 86,684 JPY (-43.9%) 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.).

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)
168,421 JPYsq.m
(19.38904109589041395.0sq.m)
Kuwana292,323 JPYsq.m
(19.5819754866618680.5sq.m)
220,241 JPYsq.m
(25.032093933463878.1sq.m)
250,144 JPYsq.m
(22.27808219178082273.4sq.m)
Masuo184,616 JPYsq.m
(19.1397260273972665.0sq.m)
290,247 JPYsq.m
(18.0995433789954371.7sq.m)
200,000 JPYsq.m
(12.76164383561643865.0sq.m)
Iseasahi215,385 JPYsq.m
(13.2602739726027465.0sq.m)
--
Kawagoetomisuhara135,385 JPYsq.m
(0.065.0sq.m)
213,167 JPYsq.m
(22.4197260273972664.0sq.m)
224,800 JPYsq.m
(18.13835616438356379.2sq.m)
Kinntetsutomida310,294 JPYsq.m
(17.51643835616438282.5sq.m)
318,304 JPYsq.m
(9.51050228310502377.5sq.m)
200,000 JPYsq.m
(29.01917808219178270.0sq.m)
Kasumigaura--113,470 JPYsq.m
(27.68675799086757656.7sq.m)
Akuragawa158,333 JPYsq.m
(31.0219178082191860.0sq.m)
91,250 JPYsq.m
(28.52328767123287580.0sq.m)
149,973 JPYsq.m
(26.8525114155251170.0sq.m)
Kawaramachi-185,752 JPYsq.m
(24.64383561643835676.7sq.m)
145,922 JPYsq.m
(24.76712328767123270.0sq.m)
Kinntetsuyokkaichi302,457 JPYsq.m
(18.81520547945205477.9sq.m)
317,513 JPYsq.m
(17.66220789685737571.4sq.m)
258,338 JPYsq.m
(23.04191780821917571.2sq.m)
Shinnshou--142,857 JPYsq.m
(29.7726027397260370.0sq.m)
Nagonoura93,333 JPYsq.m
(29.01917808219178275.0sq.m)
-47,059 JPYsq.m
(27.7698630136986385.0sq.m)
Mida61,538 JPYsq.m
(30.52602739726027565.0sq.m)
--
Isewakamatsu---
Chiyozaki---
Shiroko168,690 JPYsq.m
(23.01712328767123276.1sq.m)
130,380 JPYsq.m
(25.956849315068492114sq.m)
152,871 JPYsq.m
(20.0831880448318894.3sq.m)
Tsuzumigaura---
Isoyama--52,727 JPYsq.m
(31.52328767123287555.0sq.m)
Tsu273,477 JPYsq.m
(20.34082191780821776.0sq.m)
254,435 JPYsq.m
(15.5389041095890475.0sq.m)
287,311 JPYsq.m
(15.83326810176125277.1sq.m)
Tsushinnmachi110,851 JPYsq.m
(30.87452054794520650.0sq.m)
197,535 JPYsq.m
(28.14794520547945263.8sq.m)
203,946 JPYsq.m
(23.33894324853229252.9sq.m)
Minamigaoka276,471 JPYsq.m
(22.5205479452054885.0sq.m)
233,929 JPYsq.m
(12.63698630136986376.7sq.m)
300,000 JPYsq.m
(19.76438356164383670.0sq.m)
Hisai248,864 JPYsq.m
(24.39315068493150667.5sq.m)
242,986 JPYsq.m
(19.01780821917808275.0sq.m)
269,805 JPYsq.m
(21.8502283105022856.7sq.m)
Momozono---
Isenakagawa327,678 JPYsq.m
(11.51232876712328875.0sq.m)
-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

Akuragawa158,333 JPY/sq.m (+74% compared with the previous year)

The average price of Akuragawa Apartment was 158,333 JPY/sq.m. The market value represents an increase of 67,083 JPY (+73.5%) 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 31.0 years old (a +8.8% increase compared to the 28.5 years old of last year.). The average size of the real estate was 60.0 sq.m (a -25.0% decrease compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.0 min in 2020 and 5.0 min in 2021; -50.0%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2020 and 100.0% of total transactions in 2021)

Kuwana292,323 JPY/sq.m (+33% compared with the previous year)

The average price of Kuwana Apartment was 292,323 JPY/sq.m. The market value represents an increase of 72,082 JPY (+32.7%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents a decrease of 2 (-9.5%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 19.6 years old (a -21.8% decrease compared to the 25.0 years old of last year.). The average size of the real estate was 80.5 sq.m (a +3.1% increase compared to the 78.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.0 years old in 2020 and 19.6 years old in 2021; -21.8%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2020 and 36.8% of total transactions in 2021)

Tsushinnmachi110,851 JPY/sq.m (-44% compared with the previous year)

The average price of Tsushinnmachi Apartment was 110,851 JPY/sq.m. The market value represents a decrease of 86,684 JPY (-43.9%) 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 30.9 years old (a +9.7% increase compared to the 28.1 years old of last year.). The average size of the real estate was 50.0 sq.m (a -21.6% decrease compared to the 63.8 sq.m of last year.).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2020 and 60.0% of total transactions in 2021)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.8 min in 2020 and 6.4 min in 2021; +34.7%)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2020 and 80.0% of total transactions in 2021)

Kawagoetomisuhara135,385 JPY/sq.m (-36% compared with the previous year)

The average price of Kawagoetomisuhara Apartment was 135,385 JPY/sq.m. The market value represents a decrease of 77,782 JPY (-36.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 65.0 sq.m (a +1.6% increase compared to the 64.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2020 and 9.0 min in 2021; +50.0%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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