Kobe Rapid Transit Railway Tozai Line railway market report

Kobe Rapid Transit Railway Tozai Line Land market overview

The average price of a sq.m Land of Kobe Rapid Transit Railway Tozai Line (Nishidai to Motomachi), in Oct, 2015 to Dec, 2015 was 215,552 JPY/sq.m. The market value represents a decrease of 54,123 JPY (-20.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 82.0 sq.m (a +54.7% increase compared to the 53.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Kousokunagata station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kousokunagata station, where prices have increased +28.2% compared to last year; a sq.m unit now costs 189,247 JPY/sq.m.

The top 1 stations has seen prices increase +28.2% (+41,684 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +28.2% (+41,684 JPY/sq.m).

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 80.0% of total transactions in 2014 and 40.0% of total transactions in 2015)

Breakdown of each segment

The table below shows Land dealt in Kobe Rapid Transit Railway Tozai 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 Kousokunagata, the highest market value along this railway was 189,247 JPY/sq.m. The market value represents an increase of 41,684 JPY (+28.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Kousokunagata, the lowest market value along this railway was 189,247 JPY/sq.m. The market value represents an increase of 41,684 JPY (+28.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

Kobe Rapid Transit Railway Tozai Line (Stations Land market overview)
Kobe Rapid Transit Railway Tozai LineThis year(2015)1 year ago2 years ago
Nishidai-90,909 JPY (0.0Y/55.0sq.m)178,571 JPY (0.0Y/182.5sq.m)
Kousokunagata189,247 JPY (0.0Y/107.5sq.m)147,562 JPY (0.0Y/60.0sq.m)-
Daikai187,500 JPY (0.0Y/80.0sq.m)--
Shinnkaichi211,764 JPY (0.0Y/85.0sq.m)-138,043 JPY (0.0Y/150.0sq.m)
Kousokukoube-271,428 JPY (0.0Y/35.0sq.m)-
Hanakuma--111,111 JPY (0.0Y/360.0sq.m)
Nishimotomachi300,000 JPY (0.0Y/30.0sq.m)--
Motomachi-690,909 JPY (0.0Y/55.0sq.m)642,857 JPY (0.0Y/420.0sq.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

Kousokunagata189,247 JPY/sq.m (+28% compared with the previous year)

The average price of a sq.m Land of Kousokunagata was 189,247 JPY/sq.m. The market value represents an increase of 41,684 JPY (+28.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 107.5 sq.m (a +79.2% increase compared to the 60.0 sq.m of last year.).

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

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)