Hankyu Kyoto Main Line Kyoto 2014-FY
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 Dec, 2014 was 214,691 JPY/sq.m. The market value represents an increase of 6,607 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 93 properties exchanged hands ( The market value represents a decrease of 61 (-39.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 297.6 sq.m (a -8.3% decrease compared to the 324.7 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.

7 stations have experienced increased prices; 3 stations have experienced decreased prices. The overall trend was the same as last year. Saiinn, Oomiya station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Saiinn station, where prices have increased +36.8% compared to last year; a sq.m unit now costs 374,043 JPY/sq.m.

The top 2 stations has seen prices increase +29.7% (+83,500 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -10.5% (-17,586 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 11.7% of total transactions in 2013 and 15.1% of total transactions in 2014)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.9% of total transactions in 2013 and 1.1% 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 Kawaramachi, the highest market value along this railway was 635,847 JPY/sq.m. The market value represents an increase of 61,095 JPY (+10.6%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) 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 111,877 JPY/sq.m. The market value represents a decrease of 4,719 JPY (-4.0%) compared to 1 year ago and a transition to a some market. 15 properties exchanged hands ( The market value represents a decrease of 9 (-37.5%) 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
Ooyamazaki128,066 JPY (0.0Y/60.0sq.m)147,932 JPY (0.0Y/345.0sq.m)118,421 JPY (0.0Y/1193.3sq.m)
Nishiyama-Tennozan108,394 JPY (0.0Y/407.9sq.m)--
Nagaokatennjinn175,989 JPY (0.0Y/325.6sq.m)153,303 JPY (0.0Y/296.2sq.m)154,492 JPY (0.0Y/306.5sq.m)
Nishimukou111,877 JPY (0.0Y/475.3sq.m)116,596 JPY (0.0Y/430.0sq.m)151,341 JPY (0.0Y/418.5sq.m)
Higashimukou168,980 JPY (0.0Y/148.0sq.m)162,691 JPY (0.0Y/328.6sq.m)192,375 JPY (0.0Y/222.2sq.m)
Rakusaiguchi187,233 JPY (0.0Y/527.0sq.m)202,540 JPY (0.0Y/575.3sq.m)169,520 JPY (0.0Y/432.1sq.m)
Katsura231,638 JPY (0.0Y/218.0sq.m)198,352 JPY (0.0Y/191.9sq.m)186,413 JPY (0.0Y/343.8sq.m)
Nishikyougoku256,935 JPY (0.0Y/475.0sq.m)225,290 JPY (0.0Y/399.4sq.m)206,114 JPY (0.0Y/237.5sq.m)
Saiinn374,043 JPY (0.0Y/80.0sq.m)273,416 JPY (0.0Y/205.4sq.m)252,995 JPY (0.0Y/122.1sq.m)
Oomiya360,464 JPY (0.0Y/317.9sq.m)294,093 JPY (0.0Y/299.4sq.m)307,044 JPY (0.0Y/235.6sq.m)
Karasuma-675,164 JPY (0.0Y/255.0sq.m)-
Kawaramachi635,847 JPY (0.0Y/143.3sq.m)574,752 JPY (0.0Y/192.5sq.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

Saiinn374,043 JPY/sq.m (+37% compared with the previous year)

The average price of a sq.m Land of Saiinn was 374,043 JPY/sq.m. The market value represents an increase of 100,627 JPY (+36.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 7 (-58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 80.0 sq.m (a -61.1% decrease compared to the 205.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 7.8 min in 2013 and 6.2 min in 2014; -20.0%)
  • 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 60.0% of total transactions in 2014)

Oomiya360,464 JPY/sq.m (+23% compared with the previous year)

The average price of a sq.m Land of Oomiya was 360,464 JPY/sq.m. The market value represents an increase of 66,372 JPY (+22.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 317.9 sq.m (a +6.1% increase compared to the 299.4 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.6 min in 2013 and 8.4 min in 2014; +28.6%)
  • A dramatic decrease 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 14.3% of total transactions in 2014)

Ooyamazaki128,066 JPY/sq.m (-13% compared with the previous year)

The average price of a sq.m Land of Ooyamazaki was 128,066 JPY/sq.m. The market value represents a decrease of 19,865 JPY (-13.4%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 60.0 sq.m (a -82.6% decrease compared to the 345.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 14.5 min in 2013 and 12.0 min in 2014; -17.2%)

Rakusaiguchi187,233 JPY/sq.m (-8% compared with the previous year)

The average price of a sq.m Land of Rakusaiguchi was 187,233 JPY/sq.m. The market value represents a decrease of 15,307 JPY (-7.6%) compared to 1 year ago and a transition to a bear market. 5 properties exchanged hands ( The market value represents a decrease of 10 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 527.0 sq.m (a -8.4% decrease compared to the 575.3 sq.m of last year.).

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 13.3% of total transactions in 2013 and 20.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.8 min in 2013 and 14.6 min in 2014; +49.0%)

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)