JR Nagasaki Main Line Nagasaki 2016-3Q
Land market report

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 Jul, 2016 to Sep, 2016 was 81,548 JPY/sq.m. The market value represents an increase of 9,831 JPY (+13.7%) compared to 1 year ago and a transition to a bull market. 27 properties exchanged hands ( The market value represents a decrease of 22 (-44.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 607.8 sq.m (a +50.8% increase compared to the 403.1 sq.m of last year.).

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

3 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Hizennkoga, Nagasaki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nagasaki station, where prices have increased +57.6% compared to last year; a sq.m unit now costs 166,968 JPY/sq.m.

The top 1 stations has seen prices increase +57.6% (+61,035 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -20.0% (-34,998 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 32.5 min in 2015 and 29.2 min in 2016; -10.2%)

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 10.2% of total transactions in 2015 and 7.7% 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 166,968 JPY/sq.m. The market value represents an increase of 61,035 JPY (+57.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 14 (-73.7%) 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 31,231 JPY/sq.m. The market value represents a decrease of 5,329 JPY (-14.6%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 6 (-54.5%) 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
Konagai--2,333 JPY (0.0Y/1500.0sq.m)
Yue10,714 JPY (0.0Y/1400.0sq.m)--
Oe-2,941 JPY (0.0Y/1700.0sq.m)5,238 JPY (0.0Y/210.0sq.m)
Hizennnagata-4,901 JPY (0.0Y/510.0sq.m)21,052 JPY (0.0Y/380.0sq.m)
Higashiisahaya13,829 JPY (0.0Y/1470.0sq.m)--
Isahaya31,231 JPY (0.0Y/473.0sq.m)36,561 JPY (0.0Y/315.9sq.m)37,105 JPY (0.0Y/264.2sq.m)
Nishiisahaya41,082 JPY (0.0Y/497.9sq.m)35,086 JPY (0.0Y/334.0sq.m)16,428 JPY (0.0Y/1067.5sq.m)
Kikitsu-39,439 JPY (0.0Y/97.5sq.m)-
Ichinuno---
Hizennkoga54,545 JPY (0.0Y/1495.0sq.m)38,689 JPY (0.0Y/425.0sq.m)28,668 JPY (0.0Y/480.0sq.m)
Utsutsugawa-13,043 JPY (0.0Y/230.0sq.m)55,238 JPY (0.0Y/105.0sq.m)
Urakami139,756 JPY (0.0Y/220.0sq.m)174,754 JPY (0.0Y/117.5sq.m)212,894 JPY (0.0Y/185.8sq.m)
Nagasaki166,968 JPY (0.0Y/70.0sq.m)105,933 JPY (0.0Y/493.4sq.m)67,591 JPY (0.0Y/229.5sq.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

Nagasaki166,968 JPY/sq.m (+58% compared with the previous year)

The average price of a sq.m Land of Nagasaki was 166,968 JPY/sq.m. The market value represents an increase of 61,035 JPY (+57.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 14 (-73.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 70.0 sq.m (a -85.8% decrease compared to the 493.4 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 10.5% of total transactions in 2015 and 40.0% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 41.0 min in 2015 and 46.6 min in 2016; +13.7%)

Urakami139,756 JPY/sq.m (-20% compared with the previous year)

The average price of a sq.m Land of Urakami was 139,756 JPY/sq.m. The market value represents a decrease of 34,998 JPY (-20.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 220.0 sq.m (a +87.2% increase compared to the 117.5 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)