Kansai buyers scooped up new apartments last month, as average sale prices fall year-on-year
The average sales price of a newly constructed apartment in the Kansai region, which includes Osaka, Kyoto, and Kobe, averaged ¥42,260,000 ($389,700 USD) in March, an increase compared to the average sales price in February (of ¥39,540,000), but a drop... More
Sales of Pre-Owned Apartments and Houses in Greater Tokyo Hit Record High in 2021
Sales of pre-owned condominiums and single-family homes in greater Tokyo had a blockbuster start to 2021, recording the highest number of sold units ever recorded for the January to March period, since the Real Estate Information Network for East Japan... More
Kansai New Apartment Sales Continue Strong Showing, as Supply Jumps in Feb
Sales prices of newly constructed apartments in the Kansai region, which includes Osaka, Kyoto, and Kobe, averaged ¥39,540,000 ($361,000 USD) in February, a year-on-year increase of 17.3%. The supply of properties released by developers in Kansai also jumped last month... More
Land prices in Japan fall for the first time in six years, pummelled by COVID effect
Nationwide official land prices for commercial, industrial, and residential land, assessed as of January 1, 2021, fell for the first time in six years. The COVID-19 impact hit all three of Japan’s major metropolitan areas, as average land values across... More
Where Residential Land Values in Japan Are Rising, a Year into COVID: 2020 Q4 LOOK Report
Land prices rose in 15 locations out of 100 surveyed by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in its 2020 Q4 LOOK Report, which tracks land price trends for intensively used commercial and residential land in major... More
Kansai New Apartment January Sales Prices Pick Up Steam
Sales prices of newly constructed apartments in the Kansai area, which includes Osaka, Kyoto, and Kobe, averaged ¥46,290,000 ($436,400 USD) in January, a year-on-year increase of 7.8%. This was one of the key takeaways from the Real Estate Economic Institute... More
Sales of Pre-Owned Apartments and Houses in Greater Tokyo at Record High to Start the Year
Sales of pre-owned condominiums and single-family homes in greater Tokyo hit a record high in January, with unit sales numbers increasing 29.0% and 37.0% year-on-year, respectively. These were the highest monthly jumps recorded since the Real Estate Network for East... More