Hankyu Kyoto Main Line Kyoto 2015-4Q
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 Oct, 2015 to Dec, 2015 was 193,839 JPY/sq.m. The market value represents a decrease of 30,997 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 33 properties exchanged hands ( The market value represents an increase of 3 (+10.0%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 230.3 sq.m (a -29.2% decrease compared to the 325.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

3 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Nishimukou, Oomiya 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 +53.9% compared to last year; a sq.m unit now costs 427,586 JPY/sq.m.

The top 2 stations has seen prices increase +40.3% (+93,871 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -21.9% (-33,000 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 19.0 min in 2014 and 16.6 min in 2015; -12.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.7% of total transactions in 2014 and 15.2% of total transactions in 2015)

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 427,586 JPY/sq.m. The market value represents an increase of 149,809 JPY (+53.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Nishiyama-Tennozan, the lowest market value along this railway was 99,682 JPY/sq.m. The market value represents a decrease of 29,376 JPY (-22.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

Hankyu Kyoto Main Line (Stations Land market overview)
Hankyu Kyoto Main LineThis year(2015)1 year ago2 years ago
Ooyamazaki-164,705 JPY (0.0Y/85.0sq.m)188,235 JPY (0.0Y/85.0sq.m)
Nishiyama-Tennozan99,682 JPY (0.0Y/722.5sq.m)129,057 JPY (0.0Y/342.5sq.m)-
Nagaokatennjinn156,902 JPY (0.0Y/248.8sq.m)157,576 JPY (0.0Y/393.3sq.m)162,339 JPY (0.0Y/113.3sq.m)
Nishimukou180,282 JPY (0.0Y/116.7sq.m)142,349 JPY (0.0Y/496.7sq.m)101,662 JPY (0.0Y/390.0sq.m)
Higashimukou191,196 JPY (0.0Y/125.0sq.m)193,294 JPY (0.0Y/110.0sq.m)170,425 JPY (0.0Y/398.3sq.m)
Rakusaiguchi137,656 JPY (0.0Y/218.9sq.m)174,281 JPY (0.0Y/672.5sq.m)184,075 JPY (0.0Y/303.3sq.m)
Katsura268,072 JPY (0.0Y/140.8sq.m)247,131 JPY (0.0Y/325.6sq.m)201,344 JPY (0.0Y/171.2sq.m)
Nishikyougoku247,294 JPY (0.0Y/337.5sq.m)257,380 JPY (0.0Y/670.0sq.m)247,181 JPY (0.0Y/265.0sq.m)
Saiinn-298,571 JPY (0.0Y/60.0sq.m)338,072 JPY (0.0Y/60.0sq.m)
Oomiya427,586 JPY (0.0Y/145.0sq.m)277,777 JPY (0.0Y/90.0sq.m)310,651 JPY (0.0Y/133.3sq.m)
Karasuma--675,164 JPY (0.0Y/255.0sq.m)
Kawaramachi-740,740 JPY (0.0Y/270.0sq.m)485,714 JPY (0.0Y/70.0sq.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

Oomiya427,586 JPY/sq.m (+54% compared with the previous year)

The average price of a sq.m Land of Oomiya was 427,586 JPY/sq.m. The market value represents an increase of 149,809 JPY (+53.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 145.0 sq.m (a +61.1% increase compared to the 90.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.0 min in 2014 and 7.0 min in 2015; -46.2%)

Nishimukou180,282 JPY/sq.m (+27% compared with the previous year)

The average price of a sq.m Land of Nishimukou was 180,282 JPY/sq.m. The market value represents an increase of 37,932 JPY (+26.6%) 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 116.7 sq.m (a -76.5% decrease compared to the 496.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.3 min in 2014 and 17.7 min in 2015; +32.5%)

Nishiyama-Tennozan99,682 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Land of Nishiyama-Tennozan was 99,682 JPY/sq.m. The market value represents a decrease of 29,376 JPY (-22.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 722.5 sq.m (a +110.9% increase compared to the 342.5 sq.m of last year.).

Rakusaiguchi137,656 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Land of Rakusaiguchi was 137,656 JPY/sq.m. The market value represents a decrease of 36,625 JPY (-21.0%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 7 (+350.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 218.9 sq.m (a -67.5% decrease compared to the 672.5 sq.m of last year.).


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)