Land Values in Big Cities Continue to Fall Amidst Coronavirus Effect: October 2020 Look Report
Land prices dropped in 45 of 100 of locations surveyed by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in its Q2 2020 LOOK Report, which surveys land price trends for intensively used commercial and residential land in major... More
Kansai new apartment sales prices climb for 8 consecutive months
Sales prices of newly constructed apartments in the Kansai area, which includes Osaka, Kyoto, and Kobe, increased for eight consecutive months, hitting ¥49,010,000 ($470,000) in October, a year-on-year increase of 41.0%. The overall contract rate fell below 70% for two... More
Supply of New Apartments in Greater Tokyo Shoots Up 35.6% in October, Halting Year Long Slide
Upending a long downward trend, developers in the greater Tokyo area released an eye-popping 3,358 newly constructed apartment units for sale in October, an increase of 67.3% year-on-year and 35.6% compared to September. This was the main takeaway from the... More
How much does it cost to buy a house in Tokyo? October 2020 Update
Below we give a mid-year update on the market for newly constructed and previously owned homes in Tokyo, based on September and second quarter listing prices and actual sales prices. What is the average listing price for a new house... More
Tokyo 23 Wards New Apartment Supply Continues to Slide in September, Sale Prices Up on Year
The supply of new apartments for sale in the Tokyo 23 Wards continued a long-term downward trend in September, as the number released for sale fell 9.5% year-on-year to 1,006 units. This was a huge jump from August when only... More
Japan Will Subsidize Home Remodeling Costs for Telecommuting, Up to ¥1 Million Per Project
Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) plans to establish a system in 2021 to subsidize home remodeling costs in order to encourage people to telecommute. The government aims to provide a subsidy of up to one-third the... More
Japan average land price falls for first time in three years on coronavirus shutdowns
The average price of a parcel of land in Japan fell 0.6% year-on-year, for the first time in three years. As foreign tourists have been shut out of the country to slow the spread of the coronavirus demand for tourism-related... More