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How much does an apartment cost in Osaka – March 2022 Update

The average sales price of a newly constructed apartment in the city of Osaka was ¥42,570,000 ($350,000 USD) in February 2022. This was a year-on-year increase of 12.2% and up 20.3% versus January. The average sales price per square meter... More

How much does an apartment cost in Tokyo – March 2022 Update

The average sales price of a newly constructed apartment in the greater Tokyo region was ¥74,180,000 ($604,000 USD) in February. This was a year-on-year increase of 16.3% and up 20.5% compared to January. The average sales price per square meter was... More

Official Land Prices in Japan Rise for the First Time in Two Years

Official land prices in Japan increased 0.6% in 2021, rising for the first in two years, reflecting the gradual recovery of the economy from the pandemic and related border closure. This was as announced by the Ministry of Land, Infrastructure,... More

Average sales price of a new apartment in Japan hits all-time high – 2021 Japan Year in Review

The average sales price of a newly constructed apartment in Japan reached a record high of ¥51,150,000 ($443,000 USD) in 2021 (up 2.9% compared to 2020) and the fifth consecutive year of year-on-year record increases. The average price per square... More

Majority of surveyed land showing price growth for first time since start of pandemic: 2021 Q4 LOOK Report

Land prices rose in 55 locations out of 100 surveyed by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in its 2021 Q4 (October 1 to January 1) LOOK Report. The LOOK report tracks land price trends for intensively... More

Sales of New Condominiums in Kyushu Jump 31% in 2021 on Pandemic Effect

Sales of newly built condominium units sold in the seven prefectures of Kyushu increased 31% year-on-year in 2021 to 7,759 units. This was the first time in eight years since (since 2013) that the number of units sold has exceeded... More

Kansai New Condominium Market Report – 2021 Year in Review

Here are the key highlights for the Kansai region new condominium market for 2021. The data comes from the Real Estate Economic Research Institute’s (REERI’s) 2021 Kansai new condominium market report, which covers the prefectures of Osaka, Hyogo, Kyoto, Nara,... More