Hanshin Namba Line Hyogo 2017-FY
Land market report

Hanshin Namba Line railway market report

Hanshin Namba Line Land market overview

The average price of a sq.m Land of Hanshin Namba Line (Amagasaki to Daimotsu), in Jan, 2017 to Sep, 2017 was 177,197 JPY/sq.m. The market value represents an increase of 20,022 JPY (+12.7%) compared to 1 year ago and a transition to a bull market. 11 properties exchanged hands ( The market value represents a decrease of 6 (-35.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 227.7 sq.m (a -44.8% decrease compared to the 412.6 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; 1 stations have experienced decreased prices. The overall trend was the same as last year. Daimotsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Daimotsu station, where prices have increased +38.3% compared to last year; a sq.m unit now costs 176,484 JPY/sq.m.

The top 1 stations has seen prices increase +38.3% (+48,836 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -3.0% (-5,546 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 12.5 min in 2016 and 13.8 min in 2017; +10.8%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.8% of total transactions in 2016 and 9.1% of total transactions in 2017)

Breakdown of each segment

The table below shows Land dealt in Hanshin Namba Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Amagasaki, the highest market value along this railway was 177,464 JPY/sq.m. The market value represents a decrease of 5,546 JPY (-3.0%) compared to 1 year ago and a transition to a some market. 8 properties exchanged hands ( The market value represents a decrease of 2 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Daimotsu, the lowest market value along this railway was 176,484 JPY/sq.m. The market value represents an increase of 48,836 JPY (+38.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

Hanshin Namba Line (Stations Land market overview)
Hanshin Namba LineThis year(2017)1 year ago2 years ago
Amagasaki177,464 JPY (0.0Y/208.1sq.m)183,010 JPY (0.0Y/548.5sq.m)196,593 JPY (0.0Y/435.6sq.m)
Daimotsu176,484 JPY (0.0Y/280.0sq.m)127,648 JPY (0.0Y/218.6sq.m)176,028 JPY (0.0Y/162.5sq.m)

*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.

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Noteworthy stations

Daimotsu176,484 JPY/sq.m (+38% compared with the previous year)

The average price of a sq.m Land of Daimotsu was 176,484 JPY/sq.m. The market value represents an increase of 48,836 JPY (+38.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 280.0 sq.m (a +28.1% increase compared to the 218.6 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 9.6 min in 2016 and 11.0 min in 2017; +14.9%)

Amagasaki177,464 JPY/sq.m (-3% compared with the previous year)

The average price of a sq.m Land of Amagasaki was 177,464 JPY/sq.m. The market value represents a decrease of 5,546 JPY (-3.0%) compared to 1 year ago and a transition to a some market. 8 properties exchanged hands ( The market value represents a decrease of 2 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 208.1 sq.m (a -62.1% decrease compared to the 548.5 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.0% of total transactions in 2016 and 12.5% of total transactions in 2017)

Breakdown of each segment

Station:   Segment:

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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)