Where rent has been rising (and falling) in Japan since the start of the pandemic
Over a year into the pandemic, as Tokyo has seen a net population lost to other prefectures, including the net movement of resident foreigners away the capital, what are we seeing in terms of average rent data in the greater... More
Residential Land Values in Japan Recovering from Pandemic Lows: LOOK Report 2021 Q2
Land prices rose in 35 locations out of 100 surveyed by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in its 2021 Q2 (April 1 to July 1) LOOK Report, which tracks land price trends for intensively used commercial... More
Sales of Pre-Owned Homes in Greater Tokyo Hit Record High
In July, there were 1,248 single-family homes sold in greater Tokyo, a year-on-year increase of 6.6%, and the highest single-month sales number ever recorded by the Real Estate Information Network System (REINS) for eastern Japan. July was also the 13th... More
Osaka New Apartment Market Report for July 2021
The average sales price of a newly constructed apartment in the city of Osaka has dropped year-on-year for two consecutive months to ¥41,850,000 ($381,000 USD) in July, down 19.6% YoY. The July sales average also represents a sharp decline from... More
Tokyo New Condominium Market Trends Report for Jan to June 2021
The greater Tokyo area new condominium market has recovered lost ground since the start of COVID, with respect to new supply. The first half of the year has also seen strong demand but sales prices dropped year-on-year for the first... More
Average Price of a Pre-Owned Apartment in Greater Tokyo Reaches a Record High
The average listing price of a pre-owned condominium in the greater Tokyo area rose 10.1% year-on-year to reach ¥40,440,000 ($366,000) in May, a record high. This is according to Tokyo Kantei’s June nationwide pre-owned apartment market report. The May figure... More
Average Sales Price of a New Apartment in Tokyo Falls for the First Time in 3 Months
The average sales price of a newly constructed apartment in greater Tokyo fell year-on-year for the first time in three months to ¥69,340,000 ($627,000 USD), dragged down by an 11.4% drop in the average sales prices of condominiums sold in... More