Hankyu Kyoto Main Line Kyoto 2014-1Q
Land market report

Hankyu Kyoto Main Line railway market report

Hankyu Kyoto Main Line Land market overview

The average price of a sq.m Land of Hankyu Kyoto Main Line (Ooyamazaki to Kawaramachi), in Jan, 2014 to Mar, 2014 was 242,543 JPY/sq.m. The market value represents an increase of 41,030 JPY (+20.4%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents a decrease of 26 (-61.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 376.9 sq.m (a +4.4% increase compared to the 361.1 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.

4 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Saiinn, Kawaramachi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Oomiya station, where prices have increased +163.9% compared to last year; a sq.m unit now costs 589,304 JPY/sq.m.

The top 2 stations has seen prices increase +109.6% (+265,136 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -34.0% (-52,242 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 17.5 min in 2013 and 14.3 min in 2014; -18.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2013 and 25.0% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in Hankyu Kyoto Main 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 Oomiya, the highest market value along this railway was 589,304 JPY/sq.m. The market value represents an increase of 366,006 JPY (+163.9%) 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 price of a sq.m Land of Nishimukou, the lowest market value along this railway was 79,927 JPY/sq.m. The market value represents a decrease of 38,034 JPY (-32.2%) compared to 1 year ago and a transition to a dramatic 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.).

Hankyu Kyoto Main Line (Stations Land market overview)
Hankyu Kyoto Main LineThis year(2014)1 year ago2 years ago
Ooyamazaki-111,111 JPY (0.0Y/990.0sq.m)-
Nishiyama-Tennozan---
Nagaokatennjinn204,413 JPY (0.0Y/200.0sq.m)192,967 JPY (0.0Y/166.2sq.m)152,999 JPY (0.0Y/251.0sq.m)
Nishimukou79,927 JPY (0.0Y/503.3sq.m)117,960 JPY (0.0Y/581.7sq.m)183,986 JPY (0.0Y/198.8sq.m)
Higashimukou173,015 JPY (0.0Y/160.0sq.m)183,472 JPY (0.0Y/130.0sq.m)176,025 JPY (0.0Y/62.5sq.m)
Rakusaiguchi161,984 JPY (0.0Y/590.0sq.m)238,391 JPY (0.0Y/372.5sq.m)192,361 JPY (0.0Y/440.0sq.m)
Katsura119,047 JPY (0.0Y/210.0sq.m)185,498 JPY (0.0Y/187.5sq.m)194,873 JPY (0.0Y/295.0sq.m)
Nishikyougoku181,818 JPY (0.0Y/330.0sq.m)231,975 JPY (0.0Y/816.2sq.m)233,712 JPY (0.0Y/205.0sq.m)
Saiinn416,666 JPY (0.0Y/60.0sq.m)321,389 JPY (0.0Y/217.5sq.m)285,127 JPY (0.0Y/105.0sq.m)
Oomiya589,304 JPY (0.0Y/877.5sq.m)223,299 JPY (0.0Y/126.7sq.m)263,590 JPY (0.0Y/172.5sq.m)
Karasuma---
Kawaramachi461,538 JPY (0.0Y/65.0sq.m)297,272 JPY (0.0Y/190.0sq.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

Oomiya589,304 JPY/sq.m (+164% compared with the previous year)

The average price of a sq.m Land of Oomiya was 589,304 JPY/sq.m. The market value represents an increase of 366,006 JPY (+163.9%) 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 877.5 sq.m (a +592.8% increase compared to the 126.7 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 7.3 min in 2013 and 6.0 min in 2014; -18.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2013 and 50.0% of total transactions in 2014)

Kawaramachi461,538 JPY/sq.m (+55% compared with the previous year)

The average price of a sq.m Land of Kawaramachi was 461,538 JPY/sq.m. The market value represents an increase of 164,266 JPY (+55.3%) 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 65.0 sq.m (a -65.8% decrease compared to the 190.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.5 min in 2013 and 10.0 min in 2014; +81.8%)

Katsura119,047 JPY/sq.m (-36% compared with the previous year)

The average price of a sq.m Land of Katsura was 119,047 JPY/sq.m. The market value represents a decrease of 66,451 JPY (-35.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 210.0 sq.m (a +12.0% increase compared to the 187.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 34.4 min in 2013 and 60.0 min in 2014; +74.5%)

Nishimukou79,927 JPY/sq.m (-32% compared with the previous year)

The average price of a sq.m Land of Nishimukou was 79,927 JPY/sq.m. The market value represents a decrease of 38,034 JPY (-32.2%) compared to 1 year ago and a transition to a dramatic 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 503.3 sq.m (a -13.5% decrease compared to the 581.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.9 min in 2013 and 8.0 min in 2014; -57.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.1% of total transactions in 2013 and 33.3% of total transactions in 2014)

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)