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 Jul, 2015 to Sep, 2015 was 80,431 JPY/sq.m. The market value represents a decrease of 129,064 JPY (-61.6%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 5 (+166.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 489.4 sq.m (a +131.2% increase compared to the 211.7 sq.m of last year.).

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

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Higashi-Matsudo station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Shinnkamagaya station, where prices have decreased -79.5% compared to last year; a sq.m unit now costs 68,179 JPY/sq.m.

The top 1 stations has seen prices increase -2.1% (-3,810 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -79.5% (-265,154 JPY/sq.m).

Land stations market overview

The average price of Higashi-Matsudo Land, the highest market value along this railway was 176,190 JPY/sq.m. The market value represents a decrease of 3,810 JPY (-2.1%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands (It was the same as last year.).

The average price of Shinnkamagaya Land, the lowest market value along this railway was 68,179 JPY/sq.m. The market value represents a decrease of 265,154 JPY (-79.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

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-Matsudo176,190 JPYsq.m
(0.0210sq.m)
180,000 JPYsq.m
(0.0200sq.m)
121,135 JPYsq.m
(0.0283sq.m)
Shinnkamagaya68,179 JPYsq.m
(0.0342sq.m)
333,333 JPYsq.m
(0.0270sq.m)
242,534 JPYsq.m
(0.0310sq.m)
Chibanyu-Taunnchuuou108,108 JPYsq.m
(0.0185sq.m)
-77,272 JPYsq.m
(0.0220sq.m)
Innbanihonnidai6,000 JPYsq.m
(0.01,075sq.m)
-95,000 JPYsq.m
(0.0200sq.m)
Naritayukawa-115,151 JPYsq.m
(0.0165sq.m)
74,285 JPYsq.m
(0.0175sq.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

Higashi-Matsudo176,190 JPY/sq.m (-2% compared with the previous year)

The average price of Higashi-Matsudo Land was 176,190 JPY/sq.m. The market value represents a decrease of 3,810 JPY (-2.1%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 210.0 sq.m (a +5.0% increase compared to the 200.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.0 min in 2014 and 6.0 min in 2015; -25.0%)

Shinnkamagaya68,179 JPY/sq.m (-80% compared with the previous year)

The average price of Shinnkamagaya Land was 68,179 JPY/sq.m. The market value represents a decrease of 265,154 JPY (-79.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 342.5 sq.m (a +26.9% increase compared to the 270.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2014 and 14.2 min in 2015; +185.0%)

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)