Sale prices for new condominiums in Tokyo at near record highs, but supply sluggish
Condominium developers in the greater Tokyo area have been hit hard by high material costs this year, as inflation has not spared the building industry. This is one of the key reasons why supply of new condominiums in the capital... More
Japan to require homes to meet energy-saving standards to qualify for Flat 35 Mortgages starting April 2023
Starting in April 2023, Japan will introduce a home energy-saving requirement to the popular Flat 35 home loan program. This measure will be introduced two years ahead of the already announced energy-saving standards that will be mandatory for all new... More
How much does an apartment cost in Tokyo – Sept 2022 Update
In August, the average sales price of a newly constructed apartment in the greater Tokyo region fell and supply plummeted year-on-year, as suppliers pulled back on releasing new units for sale. The average sales price for a new apartment sold... More
Where residential land prices rose the most in 2022: Behind the headline numbers
On September 20th, the Ministry of Land announced that the average price of residential land in Japan rose 0.1%, the first time in 31 years that residential land prices increased year-0n-year. This is a big milestone in the economy’s long... More
How much does an apartment cost in Osaka – August 2022 Update
Average sales prices for newly constructed apartments in the Kansai region of Japan were up 11.7% year-on-year, continuing the trend established in the first half of the year. The Real Estate Economic Institute’s (REEI) August market trends report for the... More
How much does an apartment cost in Tokyo – August 2022 Update
The average sales price of a newly constructed apartment in the greater Tokyo region was ¥63,790,000 ($460,000 USD) in July. This was a year-on-year decrease of 1.8% and a decrease of 1.1% compared to June. The average sales price per square... More
Osaka New Apartment Market: 2022 Mid-Year Trend Report
Amidst a depressed supply situation, average sales prices of newly built condominiums in Kansai are up year-on-year, with average sales prices per square meter hitting an all-time high for the January to June period. The Real Estate Economic Institute’s (REEI)... More