Hankyu Arashiyama Line Kyoto 2014-4Q
Land market report

Hankyu Arashiyama Line railway market report

Hankyu Arashiyama Line Land market overview

The average price of a sq.m Land of Hankyu Arashiyama Line (Katsura to Arashiyama), in Oct, 2014 to Dec, 2014 was 242,329 JPY/sq.m. The market value represents an increase of 51,778 JPY (+27.2%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 3 (-21.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 359.5 sq.m (a +129.3% increase compared to the 156.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Katsura, Kamikatsura station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Katsura station, where prices have increased +22.7% compared to last year; a sq.m unit now costs 247,131 JPY/sq.m.

The top 1 stations has seen prices increase +22.7% (+45,787 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +21.1% (+40,046 JPY/sq.m).

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 7.1% of total transactions in 2013 and 9.1% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.6 min in 2013 and 30.2 min in 2014; +53.7%)

Breakdown of each segment

The table below shows Land dealt in Hankyu Arashiyama 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 Katsura, the highest market value along this railway was 247,131 JPY/sq.m. The market value represents an increase of 45,787 JPY (+22.7%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Kamikatsura, the lowest market value along this railway was 229,524 JPY/sq.m. The market value represents an increase of 40,046 JPY (+21.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

Hankyu Arashiyama Line (Stations Land market overview)
Hankyu Arashiyama LineThis year(2014)1 year ago2 years ago
Katsura247,131 JPY (0.0Y/325.6sq.m)201,344 JPY (0.0Y/171.2sq.m)155,507 JPY (0.0Y/209.4sq.m)
Kamikatsura229,524 JPY (0.0Y/450.0sq.m)189,477 JPY (0.0Y/195.0sq.m)169,939 JPY (0.0Y/178.3sq.m)
Matsuo-Taisha-162,842 JPY (0.0Y/80.0sq.m)138,571 JPY (0.0Y/172.5sq.m)
Arashiyama--187,096 JPY (0.0Y/155.0sq.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

Katsura247,131 JPY/sq.m (+23% compared with the previous year)

The average price of a sq.m Land of Katsura was 247,131 JPY/sq.m. The market value represents an increase of 45,787 JPY (+22.7%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 325.6 sq.m (a +90.1% increase compared to the 171.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.1 min in 2013 and 38.8 min in 2014; +48.3%)

Kamikatsura229,524 JPY/sq.m (+21% compared with the previous year)

The average price of a sq.m Land of Kamikatsura was 229,524 JPY/sq.m. The market value represents an increase of 40,046 JPY (+21.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 450.0 sq.m (a +130.8% increase compared to the 195.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.0 min in 2013 and 7.3 min in 2014; -18.5%)

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)