Why average rent for a Tokyo apartment will likely keep increasing
The average rent for an apartment in the Tokyo 23 Wards hit a new peak in October. Renters in the 23 Wards paid an average of ¥3,716 per square meter, a year-on-year increase of 5.4%. This means, for example, that... More
What can you buy for $230,000 or Less Around Japan?
In this installment in the “what can you buy” series, we take a look at what you can buy around Japan for about $230,000 (¥25,000,000) or less. To put this price point in perspective, the average sales price of a... More
Average Price of a Pre-Owned Apartment in Tokyo Hits a New High
In the first seven months of 2019, the average listing price of a pre-owned apartment in Tokyo hit a new all-time high at ¥50,270,000 ($465,600), a year-on-year increase of 2.5%. This is according to a recent report released by Tokyo... More
Japan Land Prices Grow for 2nd Consecutive Year: Concentrated in Major Cities
The average price of land in Japan climbed 0.4 % year-on-year, the second consecutive year with an uptick. This is according to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT)’s Standard Land Price (基準地価, Kijun Chika) survey for 2019,... More
What can you buy for $190,000 or Less Around Japan?
In this installment in the “what can you buy” series, by popular request, we take a look at what you can buy around Japan for $190,000 (¥20,000,000) or less. To put this price point in perspective, the average sales price... More
Market Trends
What is the average sales price of a Tokyo apartment? — 2019 Mid-Year Update
The average sales price of a new apartment sold in the greater Tokyo region, as of July 2019 was ¥56,760,000 (about $533,500). The average price per square meter was ¥860,000 (about $8,091), or about $7,790 per square foot. The greater... More
What are the main factors affecting home prices in Tokyo in 2019? — Part 2
By Jeff Wynkoop This is part two of a two-part series on the main factors affecting home prices in Tokyo this year. In part one, we covered: The Kuroda Effect Location and the 3-Part Marketplace Importance of Proximity to the Station... More