The price of a newly constructed house listed for sale in the Tokyo suburbs (outside of the 23-wards but still within the administrative boundaries of Tokyo) rose to 40,580,000 yen ($353,000), a year-on-year increase of 11.6%, the highest year-on-year rise of any of the markets tracked by Tokyo Kantei in its January survey.
Greater Tokyo Area
For the greater Tokyo area as a whole (which includes Tokyo and the prefectures of Chiba, Saitama, and Kanagawa), the average price of a newly constructed house in January was 33,990,000 yen, a slight (+0.3%) increase compared to December.
Tokyo Kantei points out that prices in the greater Tokyo area have been on a slightly increasing trend since September 2015.
For Tokyo City (which includes the 23-wards plus the surrounding suburbs), the average price reached 44,720,000 yen, a year-on-year increase of 9.4% and a increase of 1.0% compared to December.
Except for Kanagawa prefecture, average prices in greater Tokyo rose in January.
Tokyo 23 Wards: 57,420,000 yen (flat v. last month, up 9.6% year-on-year)
Kanagawa Prefecture: 37,270,000 yen (down -0.7% v. last month, up +1.2% year-on-year)
Chiba Prefecture: 28,210,000 yen (up 1.4% v. last month, +4.0% year-on-year)
Saitama Prefecture: 30,00,000 yen (up 0.6% v. last month, +4.0% year-on-year)
Kinki Area
In the Kinki region (which includes Osaka, Hyogo, and Kyoto prefectures), the average price of a new house rose 2.1% to 30,080,000 yen.
Breakdown for Kinki by major market:
Osaka Prefecture: 31,940,000 yen (up +2.% v. last month, up +4.5% year-on-year)
Hyogo Prefecture: 30,0390,000 yen (up +6.1% v. last month, down -0.6% year-on-year), the first increase in five months
Kyoto Prefecture: 32,520,000 yen (down -1.6% v. last month, up 0.8% year-on-year), the fourth consecutive month of decreases
Kobe: 35,440,000 yen (up 1.5% v. last month, down -1.3% year-on-year)
Aichi and Fukuoka
Average price of a new house listed for sale in January by major market in Aichi and Fukuoka prefectures:
Aichi Prefecture: 31,260,000 yen (up +1.0% v. last month, up +1.5% year-on-year). Prices in Aichi are holding at around the 30 to 32 million yen mark.
Fukuoka Prefecture: 25,460,000 yen (up 1.3% v. last month, up 0.3% year-on-year), for two consecutive months of increases.
Nagoya: 37,200,000 yen (down -0.7% v. last month, up +4.5% year-on-year)
Fukuoka City: 31,370,000 yen (down -3.8% v. last month, up +4.0% year-on-year)
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