Apartment asking prices across greater Tokyo increase for first time in 4 months

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) apartment across greater Tokyo was 36,190,000 Yen in March, up 0.6% from the previous month and up 1.1% from last year. This was the first increase in four months. The average building age was 23.2 years.

In Tokyo’s 23 wards the average asking price was 53,870,000 Yen, up 1.1% from the previous month and up 1.4% from last year. This is the first increase seen in 3 months. In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shibuya, Bunkyo and Shinjuku) the average price was 74,550,000 Yen, up 1.0% from the previous month and up 2.4% from last year.

Source: Tokyo Kantei, April 19, 2018.

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