Hankyu Arashiyama Line Kyoto 2016-FY
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 Jan, 2016 to Dec, 2016 was 196,334 JPY/sq.m. The market value represents a decrease of 102,300 JPY (-34.3%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents a decrease of 4 (-13.8%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 161.6 sq.m (a -32.9% decrease compared to the 240.7 sq.m of last year.).

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

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Kamikatsura station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Kamikatsura station, where prices have increased +8.7% compared to last year; a sq.m unit now costs 238,333 JPY/sq.m.

The top 1 stations has seen prices increase +8.7% (+19,126 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -43.5% (-155,559 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 15.3 min in 2015 and 13.4 min in 2016; -12.4%)

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 17.2% of total transactions in 2015 and 8.0% of total transactions in 2016)

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 Kamikatsura, the highest market value along this railway was 238,333 JPY/sq.m. The market value represents an increase of 19,126 JPY (+8.7%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents a decrease of 6 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Matsuo-Taisha, the lowest market value along this railway was 107,274 JPY/sq.m. The market value represents a decrease of 21,736 JPY (-16.8%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands (It was the same as last year.).

Hankyu Arashiyama Line (Stations Land market overview)
Hankyu Arashiyama LineThis year(2016)1 year ago2 years ago
Katsura201,637 JPY (0.0Y/146.2sq.m)357,195 JPY (0.0Y/207.2sq.m)231,638 JPY (0.0Y/218.0sq.m)
Kamikatsura238,333 JPY (0.0Y/150.0sq.m)219,207 JPY (0.0Y/223.3sq.m)233,571 JPY (0.0Y/381.2sq.m)
Matsuo-Taisha107,274 JPY (0.0Y/375.0sq.m)129,010 JPY (0.0Y/620.0sq.m)181,386 JPY (0.0Y/261.2sq.m)
Arashiyama183,659 JPY (0.0Y/118.3sq.m)-145,454 JPY (0.0Y/110.0sq.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

Kamikatsura238,333 JPY/sq.m (+9% compared with the previous year)

The average price of a sq.m Land of Kamikatsura was 238,333 JPY/sq.m. The market value represents an increase of 19,126 JPY (+8.7%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents a decrease of 6 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 150.0 sq.m (a -32.8% decrease compared to the 223.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.9 min in 2015 and 7.7 min in 2016; -35.5%)

Katsura201,637 JPY/sq.m (-44% compared with the previous year)

The average price of a sq.m Land of Katsura was 201,637 JPY/sq.m. The market value represents a decrease of 155,559 JPY (-43.5%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 1 (-5.6%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 146.2 sq.m (a -29.5% decrease compared to the 207.2 sq.m of last year.).

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 27.8% of total transactions in 2015 and 11.8% 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)