JR Nagasaki Main Line railway market report

JR Nagasaki Main Line Land market overview

The average price of a sq.m Land of JR Nagasaki Main Line (Konagai to Nagasaki), in Jan, 2016 to Mar, 2016 was 64,992 JPY/sq.m. The market value represents a decrease of 5,649 JPY (-8.0%) compared to 1 year ago and a transition to a bear market. 42 properties exchanged hands ( The market value represents a decrease of 9 (-17.6%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 386.2 sq.m (a -3.0% decrease compared to the 398.3 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.

5 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Nishiisahaya, Nagasaki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kikitsu station, where prices have increased +313.2% compared to last year; a sq.m unit now costs 51,042 JPY/sq.m.

The top 2 stations has seen prices increase +169.5% (+30,157 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -4.0% (+195 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 2.0% of total transactions in 2015 and 4.8% of total transactions in 2016)

Breakdown of each segment

The table below shows Land dealt in JR Nagasaki 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 Nagasaki, the highest market value along this railway was 105,392 JPY/sq.m. The market value represents an increase of 21,624 JPY (+25.8%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 15 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Isahaya, the lowest market value along this railway was 33,847 JPY/sq.m. The market value represents a decrease of 7,220 JPY (-17.6%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Nagasaki Main Line (Stations Land market overview)
JR Nagasaki Main LineThis year(2016)1 year ago2 years ago
Konagai9,433 JPY (0.0Y/530.0sq.m)--
Yue--1,656 JPY (0.0Y/505.0sq.m)
Oe-17,500 JPY (0.0Y/160.0sq.m)16,666 JPY (0.0Y/90.0sq.m)
Hizennnagata9,523 JPY (0.0Y/210.0sq.m)--
Higashiisahaya43,180 JPY (0.0Y/650.0sq.m)--
Isahaya33,847 JPY (0.0Y/387.9sq.m)41,068 JPY (0.0Y/1053.0sq.m)23,262 JPY (0.0Y/713.6sq.m)
Nishiisahaya38,703 JPY (0.0Y/303.8sq.m)30,849 JPY (0.0Y/258.3sq.m)-
Kikitsu51,042 JPY (0.0Y/853.3sq.m)12,352 JPY (0.0Y/1700.0sq.m)12,000 JPY (0.0Y/1500.0sq.m)
Ichinuno-21,818 JPY (0.0Y/550.0sq.m)-
Hizennkoga56,399 JPY (0.0Y/472.5sq.m)48,357 JPY (0.0Y/170.0sq.m)-
Utsutsugawa12,500 JPY (0.0Y/200.0sq.m)-47,057 JPY (0.0Y/380.0sq.m)
Urakami87,077 JPY (0.0Y/147.5sq.m)79,467 JPY (0.0Y/307.1sq.m)72,727 JPY (0.0Y/220.0sq.m)
Nagasaki105,392 JPY (0.0Y/290.7sq.m)83,768 JPY (0.0Y/245.8sq.m)95,964 JPY (0.0Y/324.3sq.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

Kikitsu51,042 JPY/sq.m (+313% compared with the previous year)

The average price of a sq.m Land of Kikitsu was 51,042 JPY/sq.m. The market value represents an increase of 38,690 JPY (+313.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 853.3 sq.m (a -49.8% decrease compared to the 1700.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 14.0 min in 2015 and 11.7 min in 2016; -16.7%)

Nagasaki105,392 JPY/sq.m (+26% compared with the previous year)

The average price of a sq.m Land of Nagasaki was 105,392 JPY/sq.m. The market value represents an increase of 21,624 JPY (+25.8%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 15 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 290.7 sq.m (a +18.2% increase compared to the 245.8 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 49.8 min in 2015 and 59.1 min in 2016; +18.7%)

Isahaya33,847 JPY/sq.m (-18% compared with the previous year)

The average price of a sq.m Land of Isahaya was 33,847 JPY/sq.m. The market value represents a decrease of 7,220 JPY (-17.6%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 387.9 sq.m (a -63.2% decrease compared to the 1053.0 sq.m of last year.).

Urakami87,077 JPY/sq.m (+10% compared with the previous year)

The average price of a sq.m Land of Urakami was 87,077 JPY/sq.m. The market value represents an increase of 7,610 JPY (+9.6%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 147.5 sq.m (a -52.0% decrease compared to the 307.1 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)