Keisei Narita Airport line railway market report

Keisei Narita Airport line Land market overview

The average price of Keisei Narita Airport line (Higashi-Matsudo to Narita Airport) Land, in Apr, 2015 to Jun, 2015 was 67,181 JPY/sq.m. The market value represents an increase of 4,599 JPY (+7.3%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 293.3 sq.m (a -41.3% decrease compared to the 499.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Chibanyu-Taunnchuuou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Chibanyu-Taunnchuuou station, where prices have increased +99.7% compared to last year; a sq.m unit now costs 125,714 JPY/sq.m.

The top 1 stations has seen prices increase +99.7% (+62,751 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -89.8% (-15,388 JPY/sq.m).

Land stations market overview

The average price of Chibanyu-Taunnchuuou Land, the highest market value along this railway was 125,714 JPY/sq.m. The market value represents an increase of 62,751 JPY (+99.7%) 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 Innbanihonnidai Land, the lowest market value along this railway was 1,754 JPY/sq.m. The market value represents a decrease of 15,388 JPY (-89.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Keisei Narita Airport line (Stations Land market overview)
Keisei Narita Airport lineThis year(2015)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Higashi-Matsudo-129,032 JPYsq.m
(0.0155sq.m)
143,111 JPYsq.m
(0.0338sq.m)
Shinnkamagaya74,074 JPYsq.m
(0.0135sq.m)
79,854 JPYsq.m
(0.0695sq.m)
141,505 JPYsq.m
(0.0280sq.m)
Chibanyu-Taunnchuuou125,714 JPYsq.m
(0.0175sq.m)
62,963 JPYsq.m
(0.0717sq.m)
38,795 JPYsq.m
(0.0672sq.m)
Innbanihonnidai1,754 JPYsq.m
(0.0570sq.m)
17,142 JPYsq.m
(0.0210sq.m)
-
Naritayukawa-5,888 JPYsq.m
(0.090.0sq.m)
77,272 JPYsq.m
(0.0220sq.m)
Narita Airport---

*Average unit prices per sq.m of Land 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

Chibanyu-Taunnchuuou125,714 JPY/sq.m (+100% compared with the previous year)

The average price of Chibanyu-Taunnchuuou Land was 125,714 JPY/sq.m. The market value represents an increase of 62,751 JPY (+99.7%) 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 size of the real estate was 175.0 sq.m (a -75.6% decrease compared to the 716.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 22.3 min in 2014 and 11.0 min in 2015; -50.7%)

Innbanihonnidai1,754 JPY/sq.m (-90% compared with the previous year)

The average price of Innbanihonnidai Land was 1,754 JPY/sq.m. The market value represents a decrease of 15,388 JPY (-89.8%) 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 size of the real estate was 570.0 sq.m (a +171.4% increase compared to the 210.0 sq.m of last year.).


Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)