Tokyo Kantei has ranked the station areas that provide the highest combined return of both rental income and capital gain from purchasing 2008, renting the apartment to a tenant for 10 years, and selling in 2018.
In top spot was Minato-Mirai Station in Yokohama with an average combined gross return of 12.29% per annum.
Harajuku was in second spot with an average return of 12.22%. Harajuku was the highest-ranked area across greater Tokyo for capital appreciation between 2008 and 2018 with the average price of an apartment increasing by 73.5% in value since new.
THE TOP 10
|Station||Gross combined return per annum|
About the Data:
- Gross combined return is total capital gain and rental income over the past 10 years. It does not include holding costs, purchase and disposal costs, or periods of vacancy.
Source: Tokyo Kantei, July 22, 2019.
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