Kobe Rapid Transit Railway Tozai Line Hyogo 2016-FY
Land market report

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 Jan, 2016 to Dec, 2016 was 175,109 JPY/sq.m. The market value represents a decrease of 81,277 JPY (-31.7%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents a decrease of 13 (-48.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 253.6 sq.m (a +64.4% increase compared to the 154.3 sq.m of last year.).

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

2 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Daikai station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Shinnkaichi station, where prices have increased +163.4% compared to last year; a sq.m unit now costs 505,494 JPY/sq.m.

The top 2 stations has seen prices increase +89.5% (+171,378 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -64.2% (-514,431 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.1 min in 2015 and 10.1 min in 2016; +40.9%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 29.6% of total transactions in 2015 and 14.3% of total transactions in 2016)

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 Shinnkaichi, the highest market value along this railway was 505,494 JPY/sq.m. The market value represents an increase of 313,590 JPY (+163.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kousokukoube, the lowest market value along this railway was 100,000 JPY/sq.m. The market value represents a decrease of 68,750 JPY (-40.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Kobe Rapid Transit Railway Tozai Line (Stations Land market overview)
Kobe Rapid Transit Railway Tozai LineThis year(2016)1 year ago2 years ago
Nishidai130,580 JPY (0.0Y/160.0sq.m)148,248 JPY (0.0Y/117.5sq.m)181,431 JPY (0.0Y/88.8sq.m)
Kousokunagata117,777 JPY (0.0Y/249.3sq.m)127,891 JPY (0.0Y/163.8sq.m)90,960 JPY (0.0Y/128.8sq.m)
Daikai216,666 JPY (0.0Y/60.0sq.m)187,500 JPY (0.0Y/80.0sq.m)-
Shinnkaichi505,494 JPY (0.0Y/910.0sq.m)191,904 JPY (0.0Y/507.5sq.m)195,906 JPY (0.0Y/133.3sq.m)
Kousokukoube100,000 JPY (0.0Y/50.0sq.m)168,750 JPY (0.0Y/60.0sq.m)365,387 JPY (0.0Y/316.2sq.m)
Hanakuma407,407 JPY (0.0Y/135.0sq.m)--
Nishimotomachi-300,000 JPY (0.0Y/30.0sq.m)279,045 JPY (0.0Y/92.5sq.m)
Motomachi136,363 JPY (0.0Y/330.0sq.m)1,096,475 JPY (0.0Y/83.3sq.m)620,779 JPY (0.0Y/65.0sq.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

Shinnkaichi505,494 JPY/sq.m (+163% compared with the previous year)

The average price of a sq.m Land of Shinnkaichi was 505,494 JPY/sq.m. The market value represents an increase of 313,590 JPY (+163.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 910.0 sq.m (a +79.3% increase compared to the 507.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 8.0 min in 2015 and 9.0 min in 2016; +12.5%)

Daikai216,666 JPY/sq.m (+16% compared with the previous year)

The average price of a sq.m Land of Daikai was 216,666 JPY/sq.m. The market value represents an increase of 29,166 JPY (+15.6%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 60.0 sq.m (a -25.0% decrease compared to the 80.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.0 min in 2015 and 6.0 min in 2016; +100.0%)

Motomachi136,363 JPY/sq.m (-88% compared with the previous year)

The average price of a sq.m Land of Motomachi was 136,363 JPY/sq.m. The market value represents a decrease of 960,112 JPY (-87.6%) 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 330.0 sq.m (a +296.0% increase compared to the 83.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2015 and 13.0 min in 2016; +225.0%)

Kousokukoube100,000 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Land of Kousokukoube was 100,000 JPY/sq.m. The market value represents a decrease of 68,750 JPY (-40.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 50.0 sq.m (a -16.7% decrease compared to the 60.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 6.0 min in 2015 and 5.0 min in 2016; -16.7%)
  • A dramatic increase 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 2015 and 100.0% of total transactions in 2016)

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)