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, 2022 to Mar, 2022 was 322,420 JPY/sq.m. The market value represents an increase of 74,720 JPY (+30.2%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 77 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.0 years old (a +3.4% increase compared to the 21.3 years old of last year.). The average size of the real estate was 72.7 sq.m (a -3.0% decrease compared to the 74.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

3 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Kinntetsuyokkaichi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsushinnmachi station, where prices have increased +185.6% compared to last year; a sq.m unit now costs 306,667 JPY/sq.m.

The top 1 stations has seen prices increase +185.6% (+199,291 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -17.0% (-48,896 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.0 min in 2021 and 7.3 min in 2022; -39.5%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 9.1% of total transactions in 2021 and 18.2% of total transactions in 2022)

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 18.2% of total transactions in 2021 and 9.1% of total transactions in 2022)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 380,465 JPY/sq.m. The market value represents an increase of 85,847 JPY (+29.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 17 (-77.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Kuwana Apartment, the lowest market value along this railway was 238,462 JPY/sq.m. The market value represents a decrease of 48,896 JPY (-17.0%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 19 (-90.5%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Nagoya Line (Stations Apartment market overview)
Kintetsu Nagoya LineThis year(2022)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima-147,368 JPYsq.m
(20.26575342465753695.0sq.m)
117,647 JPYsq.m
(11.2602739726027485.0sq.m)
Kuwana238,462 JPYsq.m
(35.5232876712328865.0sq.m)
287,357 JPYsq.m
(19.69497716894977380.0sq.m)
220,241 JPYsq.m
(25.032093933463878.1sq.m)
Masuo-184,616 JPYsq.m
(19.1397260273972665.0sq.m)
290,247 JPYsq.m
(18.0995433789954371.7sq.m)
Iseasahi-215,385 JPYsq.m
(13.2602739726027465.0sq.m)
-
Kawagoetomisuhara-135,385 JPYsq.m
(0.065.0sq.m)
213,167 JPYsq.m
(22.4197260273972664.0sq.m)
Kinntetsutomida299,584 JPYsq.m
(18.51232876712328677.5sq.m)
310,294 JPYsq.m
(17.51643835616438282.5sq.m)
318,304 JPYsq.m
(9.51050228310502377.5sq.m)
Kasumigaura---
Akuragawa-158,333 JPYsq.m
(31.0219178082191860.0sq.m)
91,250 JPYsq.m
(28.52328767123287580.0sq.m)
Kawaramachi--185,752 JPYsq.m
(24.64383561643835676.7sq.m)
Kinntetsuyokkaichi380,465 JPYsq.m
(19.4131506849315175.0sq.m)
294,618 JPYsq.m
(19.57521200260926376.6sq.m)
317,513 JPYsq.m
(17.66220789685737571.4sq.m)
Shinnshou-292,308 JPYsq.m
(31.77534246575342565.0sq.m)
-
Nagonoura-93,333 JPYsq.m
(29.01917808219178275.0sq.m)
-
Mida-61,538 JPYsq.m
(30.52602739726027565.0sq.m)
-
Isewakamatsu---
Chiyozaki---
Shiroko-185,585 JPYsq.m
(21.06602739726027578.6sq.m)
130,380 JPYsq.m
(25.956849315068492114sq.m)
Tsuzumigaura---
Isoyama---
Tsu-273,477 JPYsq.m
(20.34082191780821776.0sq.m)
254,435 JPYsq.m
(15.5389041095890475.0sq.m)
Tsushinnmachi306,667 JPYsq.m
(12.00821917808219175.0sq.m)
107,376 JPYsq.m
(32.3589041095890450.0sq.m)
197,535 JPYsq.m
(28.14794520547945263.8sq.m)
Minamigaoka-276,471 JPYsq.m
(22.5205479452054885.0sq.m)
233,929 JPYsq.m
(12.63698630136986376.7sq.m)
Hisai261,538 JPYsq.m
(25.01643835616438265.0sq.m)
248,864 JPYsq.m
(24.39315068493150667.5sq.m)
242,986 JPYsq.m
(19.01780821917808275.0sq.m)
Momozono---
Isenakagawa-327,678 JPYsq.m
(11.51232876712328875.0sq.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

Tsushinnmachi306,667 JPY/sq.m (+186% compared with the previous year)

The average price of Tsushinnmachi Apartment was 306,667 JPY/sq.m. The market value represents an increase of 199,291 JPY (+185.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.0 years old (a -62.9% decrease compared to the 32.4 years old of last year.). The average size of the real estate was 75.0 sq.m (a +50.0% increase compared to the 50.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 32.4 years old in 2021 and 12.0 years old in 2022; -62.9%)
  • A dramatic decrease in average distance from the station (representing 6.0 min in 2021 and 2.0 min in 2022; -66.7%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 16.7% of total transactions in 2021 and 100.0% of total transactions in 2022)

Kuwana238,462 JPY/sq.m (-17% compared with the previous year)

The average price of Kuwana Apartment was 238,462 JPY/sq.m. The market value represents a decrease of 48,896 JPY (-17.0%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 19 (-90.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.5 years old (a +80.4% increase compared to the 19.7 years old of last year.). The average size of the real estate was 65.0 sq.m (a -18.8% decrease compared to the 80.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.7 years old in 2021 and 35.5 years old in 2022; +80.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 38.1% of total transactions in 2021 and 100.0% of total transactions in 2022)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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Corporate Profile

Company Name Utinokati
Utinokati Real estate media providing price quotes and price trends for condominiums, homes, land and rental properties in 250,000 locations nationwide, along more than 20,000 train lines and stations, as well as rent quotes and rent trends.
Totinokati Real estate media providing public land prices, roadside land prices (inheritance tax assessed values), and property tax assessed values for 10,000 areas and station areas nationwide, based on the Ministry of Land, Infrastructure, Transport and Tourism's public notice of land prices.
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