“Futamatagawa and Nishiya double in 3 years” LIFULL survey | Railway news | Railway channel

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On March 18, 2023, the Sotetsu/Tokyu Direct Line will finally open.

With some exceptions, trains on the Sotetsu Main Line head for the Tokyu Meguro Line (Meguro), and trains on the Sotetsu Izumino Line head for the Tokyu Toyoko Line (Shibuya). For people along the Sotetsu line, access to central Tokyo and Shin-Yokohama Station on the Tokaido Shinkansen will be convenient.

What worries me is the cost of living. As transportation becomes more convenient, housing needs will also increase. You can get a sense of the rent prices by looking at the real estate site along the railway line, but Yokohama is a special case, and the area along the Sotetsu line has the image of being slightly cheaper than other lines in the surrounding area. How will this change with the opening of the new line?

As I was thinking about this, on the 26th, LIFULL, which operates a real estate information service business, announced an interesting survey result. It is said that the price of used condominiums at hub stations “Futamatagawa” and “Nishiya” along the Sotetsu / Tokyu direct line has increased 2.1 times in three years.

Both stations are on the Sotetsu Main Line, but Futamatagawa is the starting point of the Sotetsu Izumino Line, and Nishiya is the starting point of the Sotetsu Shin-Yokohama Line. The Sotetsu Shin-Yokohama Line has already opened between Nishiya and Hazawa Yokohama Kokudai, and will connect with the JR line (the Sotetsu/JR direct line will open in 2019). When the section between Hazawa Yokohama National University and Shin-Yokohama opens on March 18, it will be possible to get on the Tokyu Line from here.

Image: Tokyu Corporation

back to the topic. According to a LIFULL survey, the average price of second-hand condominiums within a 10-minute walk from both “Futamatagawa” and “Nishiya” stations was 22.2 million yen as of December 2019. This will reach 46.37 million yen in December 2022, an increase of approximately 2.1 times. When comparing properties within a 10-minute walk from the station in Asahi Ward and Hodogaya Ward in Yokohama City under the same conditions, the price level has increased from 25.25 million yen to 40.56 million yen, about 1.6 times in three years. , does not reach both hub stations.

LIFULL says, “The demand for second-hand condominiums has not changed even in the Greater Tokyo metropolitan area, and prices continue to rise,” said LIFULL. It is said that the opening of the line has a strong impact on apartment prices.

When a similar comparison was made for rental properties, the average rent for “Futamatagawa” and “Nishiya” rose by 7.6%, compared to 5.9% for “Asahi Ward” and “Hodogaya Ward.” Considering that market rents generally tend to lag behind economic trends, further increases are expected in the future.

Commuting on the Sotetsu Shin-Yokohama Line on weekdays, going to Yokohama on the Sotetsu Main Line on weekends… Sotetsu IC commuter commuter pass offers a new service with added fares

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