Kobe Rapid Transit Railway Namboku Line Hyogo 2014-FY
Land market report

Kobe Rapid Transit Railway Namboku Line railway market report

Kobe Rapid Transit Railway Namboku Line Land market overview

The average price of a sq.m Land of Kobe Rapid Transit Railway Namboku Line (Shinnkaichi to Shinnkaichi), in Apr, 2014 to Sep, 2014 was 195,906 JPY/sq.m. The market value represents an increase of 69,262 JPY (+54.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 133.3 sq.m (a +37.9% increase compared to the 96.7 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations. Shinnkaichi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shinnkaichi station, where prices have increased +54.7% compared to last year; a sq.m unit now costs 195,906 JPY/sq.m.

The top 1 stations has seen prices increase +54.7% (+69,262 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +54.7% (+69,262 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 5.8 min in 2013 and 4.3 min in 2014; -25.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2013 and 100.0% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in Kobe Rapid Transit Railway Namboku 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 Shinnkaichi, the highest market value along this railway was 195,906 JPY/sq.m. The market value represents an increase of 69,262 JPY (+54.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Shinnkaichi, the lowest market value along this railway was 195,906 JPY/sq.m. The market value represents an increase of 69,262 JPY (+54.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Kobe Rapid Transit Railway Namboku Line (Stations Land market overview)
Kobe Rapid Transit Railway Namboku LineThis year(2014)1 year ago2 years ago
Shinnkaichi195,906 JPY (0.0Y/133.3sq.m)126,644 JPY (0.0Y/96.7sq.m)315,058 JPY (0.0Y/444.0sq.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

Shinnkaichi195,906 JPY/sq.m (+55% compared with the previous year)

The average price of a sq.m Land of Shinnkaichi was 195,906 JPY/sq.m. The market value represents an increase of 69,262 JPY (+54.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 133.3 sq.m (a +37.9% increase compared to the 96.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 5.8 min in 2013 and 4.3 min in 2014; -25.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2013 and 100.0% of total transactions in 2014)

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)