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
4 reasons why sales of pre-owned homes in Tokyo are surging
The pre-owned home market in Japan, including both apartments and single-family homes, has traditionally played second fiddle to the market for newly built condominiums and freestanding houses in that the majority of residential home sales in Japan still consists of... More
Kansai new apartment prices in April hit levels not seen since the bubble era
The average sales price of a newly constructed apartment in Japan’s Kansai region hit ¥53,560,000 ($492,400) last month, the highest per unit sales price recorded since May 1992, when the average sales price reached ¥53,580,000 (after having fallen from a... More