Tokyo apartment asking prices increase in October

According to Tokyo Kantei the average asking price of a 70 sqm (753 sq.ft) second-hand apartment across greater Tokyo was 36,250,000 Yen in October, down 0.3% from the previous month but up 1.2% from last year. The average building age was 24.4 years.

In Tokyo’s 23 wards the average asking price was 53,980,000 Yen, up 0.2% from the previous month and up 2.0% from last year. The average building age was 24.2 years.

Asking prices in Yokohama City were down 0.4% from the previous month and are up just 0.1% from last year. In Chiba City, prices are down 0.4% from last year.

In central Tokyo’s six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya) the average asking price was 75,430,000 Yen, up 0.2% from the previous month and up 2.9% from last year. The average building age was 22.7 years.

Source: Tokyo Kantei, November 21, 2018.