JR Nagasaki Main Line Nagasaki 2017-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, 2017 to Dec, 2017 was 54,224 JPY/sq.m. The market value represents a decrease of 6,665 JPY (-10.9%) compared to 1 year ago and a transition to a weak market. 60 properties exchanged hands ( The market value represents a decrease of 140 (-70.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 371.8 sq.m (a -10.6% decrease compared to the 415.7 sq.m of last year.).

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

5 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Oe, Hizennkoga station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Higashiisahaya station, where prices have increased +165.2% compared to last year; a sq.m unit now costs 61,904 JPY/sq.m.

The top 2 stations has seen prices increase +110.4% (+21,515 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -29.4% (-19,920 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 33.3 min in 2016 and 39.6 min in 2017; +19.1%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.5% of total transactions in 2016 and 1.7% of total transactions in 2017)

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 Urakami, the highest market value along this railway was 84,474 JPY/sq.m. The market value represents a decrease of 1,476 JPY (-1.7%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents a decrease of 13 (-61.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Yue, the lowest market value along this railway was 9,677 JPY/sq.m. The market value represents a decrease of 252 JPY (-2.5%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands ( The market value represents a decrease of 8 (-88.9%) 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(2017)1 year ago2 years ago
Konagai-6,385 JPY (0.0Y/335.0sq.m)3,225 JPY (0.0Y/1077.5sq.m)
Yue9,677 JPY (0.0Y/155.0sq.m)9,929 JPY (0.0Y/672.8sq.m)7,500 JPY (0.0Y/240.0sq.m)
Oe12,500 JPY (0.0Y/120.0sq.m)8,035 JPY (0.0Y/1280.0sq.m)10,602 JPY (0.0Y/690.0sq.m)
Hizennnagata12,654 JPY (0.0Y/162.5sq.m)16,269 JPY (0.0Y/786.7sq.m)4,901 JPY (0.0Y/510.0sq.m)
Higashiisahaya61,904 JPY (0.0Y/210.0sq.m)23,339 JPY (0.0Y/821.4sq.m)-
Isahaya32,381 JPY (0.0Y/327.1sq.m)40,263 JPY (0.0Y/453.9sq.m)42,258 JPY (0.0Y/491.2sq.m)
Nishiisahaya42,230 JPY (0.0Y/465.0sq.m)38,386 JPY (0.0Y/465.2sq.m)33,208 JPY (0.0Y/450.5sq.m)
Kikitsu50,980 JPY (0.0Y/510.0sq.m)43,005 JPY (0.0Y/573.0sq.m)30,410 JPY (0.0Y/631.7sq.m)
Ichinuno-50,000 JPY (0.0Y/380.0sq.m)31,909 JPY (0.0Y/375.0sq.m)
Hizennkoga63,368 JPY (0.0Y/486.2sq.m)41,737 JPY (0.0Y/588.1sq.m)39,770 JPY (0.0Y/297.7sq.m)
Utsutsugawa-47,729 JPY (0.0Y/226.7sq.m)48,832 JPY (0.0Y/316.2sq.m)
Urakami84,474 JPY (0.0Y/418.8sq.m)85,950 JPY (0.0Y/196.9sq.m)97,589 JPY (0.0Y/260.4sq.m)
Nagasaki62,803 JPY (0.0Y/374.3sq.m)99,027 JPY (0.0Y/249.8sq.m)67,037 JPY (0.0Y/300.2sq.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

Higashiisahaya61,904 JPY/sq.m (+165% compared with the previous year)

The average price of a sq.m Land of Higashiisahaya was 61,904 JPY/sq.m. The market value represents an increase of 38,565 JPY (+165.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 210.0 sq.m (a -74.4% decrease compared to the 821.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.3 min in 2016 and 2.0 min in 2017; -88.4%)

Oe12,500 JPY/sq.m (+56% compared with the previous year)

The average price of a sq.m Land of Oe was 12,500 JPY/sq.m. The market value represents an increase of 4,465 JPY (+55.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 120.0 sq.m (a -90.6% decrease compared to the 1280.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.5 min in 2016 and 25.0 min in 2017; +100.0%)

Nagasaki62,803 JPY/sq.m (-37% compared with the previous year)

The average price of a sq.m Land of Nagasaki was 62,803 JPY/sq.m. The market value represents a decrease of 36,224 JPY (-36.6%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents a decrease of 39 (-63.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 374.3 sq.m (a +49.8% increase compared to the 249.8 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 3.3% of total transactions in 2016 and 4.5% of total transactions in 2017)

Hizennnagata12,654 JPY/sq.m (-22% compared with the previous year)

The average price of a sq.m Land of Hizennnagata was 12,654 JPY/sq.m. The market value represents a decrease of 3,615 JPY (-22.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 162.5 sq.m (a -79.3% decrease compared to the 786.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.3 min in 2016 and 12.5 min in 2017; +70.5%)

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)