JR Nagasaki Main Line Nagasaki 2016-FY
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 Jan, 2016 to Dec, 2016 was 60,889 JPY/sq.m. The market value represents an increase of 758 JPY (+1.3%) compared to 1 year ago and a transition to a slight market. 200 properties exchanged hands ( The market value represents an increase of 14 (+7.5%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 415.7 sq.m (a +17.3% increase compared to the 354.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving very large size more than 200 sq.m.

8 stations have experienced increased prices; 4 stations have experienced decreased prices. The overall trend was toward increased prices. Konagai, Yue, Kikitsu, Ichinuno, Nagasaki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hizennnagata station, where prices have increased +232.0% compared to last year; a sq.m unit now costs 16,269 JPY/sq.m.

The top 2 stations has seen prices increase +165.0% (+7,264 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -18.1% (-7,103 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 40.9 min in 2015 and 33.3 min in 2016; -18.8%)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.3% of total transactions in 2015 and 3.5% 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

Top

Land stations market overview

The average price of a sq.m Land of Nagasaki, the highest market value along this railway was 99,027 JPY/sq.m. The market value represents an increase of 31,990 JPY (+47.7%) compared to 1 year ago and a transition to a dramatic market. 61 properties exchanged hands ( The market value represents a decrease of 34 (-35.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Konagai, the lowest market value along this railway was 6,385 JPY/sq.m. The market value represents an increase of 3,160 JPY (+98.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) 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
Konagai6,385 JPY (0.0Y/335.0sq.m)3,225 JPY (0.0Y/1077.5sq.m)2,333 JPY (0.0Y/1500.0sq.m)
Yue9,929 JPY (0.0Y/672.8sq.m)7,500 JPY (0.0Y/240.0sq.m)6,562 JPY (0.0Y/756.7sq.m)
Oe8,035 JPY (0.0Y/1280.0sq.m)10,602 JPY (0.0Y/690.0sq.m)9,541 JPY (0.0Y/313.3sq.m)
Hizennnagata16,269 JPY (0.0Y/786.7sq.m)4,901 JPY (0.0Y/510.0sq.m)21,052 JPY (0.0Y/380.0sq.m)
Higashiisahaya23,339 JPY (0.0Y/821.4sq.m)--
Isahaya40,263 JPY (0.0Y/453.9sq.m)42,258 JPY (0.0Y/491.2sq.m)29,756 JPY (0.0Y/559.8sq.m)
Nishiisahaya38,386 JPY (0.0Y/465.2sq.m)33,208 JPY (0.0Y/450.5sq.m)25,833 JPY (0.0Y/749.4sq.m)
Kikitsu43,005 JPY (0.0Y/573.0sq.m)30,410 JPY (0.0Y/631.7sq.m)29,555 JPY (0.0Y/1145.0sq.m)
Ichinuno50,000 JPY (0.0Y/380.0sq.m)31,909 JPY (0.0Y/375.0sq.m)25,555 JPY (0.0Y/180.0sq.m)
Hizennkoga41,737 JPY (0.0Y/588.1sq.m)39,770 JPY (0.0Y/297.7sq.m)25,440 JPY (0.0Y/555.0sq.m)
Utsutsugawa47,729 JPY (0.0Y/226.7sq.m)48,832 JPY (0.0Y/316.2sq.m)42,920 JPY (0.0Y/276.4sq.m)
Urakami85,950 JPY (0.0Y/196.9sq.m)97,589 JPY (0.0Y/260.4sq.m)113,702 JPY (0.0Y/411.9sq.m)
Nagasaki99,027 JPY (0.0Y/249.8sq.m)67,037 JPY (0.0Y/300.2sq.m)69,902 JPY (0.0Y/411.9sq.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.

Top

Noteworthy stations

Hizennnagata16,269 JPY/sq.m (+232% compared with the previous year)

The average price of a sq.m Land of Hizennnagata was 16,269 JPY/sq.m. The market value represents an increase of 11,368 JPY (+232.0%) 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 786.7 sq.m (a +54.2% increase compared to the 510.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.0 min in 2015 and 7.3 min in 2016; -70.7%)

Konagai6,385 JPY/sq.m (+98% compared with the previous year)

The average price of a sq.m Land of Konagai was 6,385 JPY/sq.m. The market value represents an increase of 3,160 JPY (+98.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 335.0 sq.m (a -68.9% decrease compared to the 1077.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.5 min in 2015 and 16.5 min in 2016; +73.7%)

Oe8,035 JPY/sq.m (-24% compared with the previous year)

The average price of a sq.m Land of Oe was 8,035 JPY/sq.m. The market value represents a decrease of 2,566 JPY (-24.2%) compared to 1 year ago and a transition to a dramatic 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 1280.0 sq.m (a +85.5% increase compared to the 690.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.5 min in 2015 and 12.5 min in 2016; +47.1%)

Urakami85,950 JPY/sq.m (-12% compared with the previous year)

The average price of a sq.m Land of Urakami was 85,950 JPY/sq.m. The market value represents a decrease of 11,640 JPY (-11.9%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents a decrease of 3 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 196.9 sq.m (a -24.4% decrease compared to the 260.4 sq.m of last year.).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.3% of total transactions in 2015 and 9.5% of total transactions in 2016)

Breakdown of each segment

Station:   Segment:

Top

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)