Hankyu Arashiyama Line Kyoto 2015-4Q
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, 2015 to Dec, 2015 was 219,625 JPY/sq.m. The market value represents a decrease of 22,704 JPY (-9.4%) compared to 1 year ago and a transition to a bear market. 9 properties exchanged hands ( The market value represents a decrease of 2 (-18.2%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 147.2 sq.m (a -59.1% decrease compared to the 359.5 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; 1 stations have experienced decreased prices. Market value of most stations decreased. Katsura station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Katsura station, where prices have increased +8.5% compared to last year; a sq.m unit now costs 268,072 JPY/sq.m.

The top 1 stations has seen prices increase +8.5% (+20,941 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -32.0% (-73,429 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.2 min in 2014 and 16.1 min in 2015; -46.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.1% of total transactions in 2014 and 44.4% of total transactions in 2015)

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 268,072 JPY/sq.m. The market value represents an increase of 20,941 JPY (+8.5%) compared to 1 year ago and a transition to a strong market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kamikatsura, the lowest market value along this railway was 156,095 JPY/sq.m. The market value represents a decrease of 73,429 JPY (-32.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

Hankyu Arashiyama Line (Stations Land market overview)
Hankyu Arashiyama LineThis year(2015)1 year ago2 years ago
Katsura268,072 JPY (0.0Y/140.8sq.m)247,131 JPY (0.0Y/325.6sq.m)201,344 JPY (0.0Y/171.2sq.m)
Kamikatsura156,095 JPY (0.0Y/115.0sq.m)229,524 JPY (0.0Y/450.0sq.m)189,477 JPY (0.0Y/195.0sq.m)
Matsuo-Taisha56,000 JPY (0.0Y/250.0sq.m)-162,842 JPY (0.0Y/80.0sq.m)
Arashiyama---

*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

Katsura268,072 JPY/sq.m (+8% compared with the previous year)

The average price of a sq.m Land of Katsura was 268,072 JPY/sq.m. The market value represents an increase of 20,941 JPY (+8.5%) compared to 1 year ago and a transition to a strong market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 140.8 sq.m (a -56.7% decrease compared to the 325.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.8 min in 2014 and 18.2 min in 2015; -53.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.5% of total transactions in 2014 and 66.7% of total transactions in 2015)

Kamikatsura156,095 JPY/sq.m (-32% compared with the previous year)

The average price of a sq.m Land of Kamikatsura was 156,095 JPY/sq.m. The market value represents a decrease of 73,429 JPY (-32.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 115.0 sq.m (a -74.4% decrease compared to the 450.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.3 min in 2014 and 12.0 min in 2015; +63.6%)

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)