Archive For The “Market Information” Category

Tokyo apartment asking prices in May 2017

Tokyo apartment asking prices in May 2017

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment across greater Tokyo was 35,720,000 Yen in May, up 0.3% from the previous month and up 3.5% from last year. The average building age was 22.8 years. In the Tokyo metropolitan area, the average asking price was 48,220,000…

Average apartment rent in May 2017

Average apartment rent in May 2017

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment across greater Tokyo in May 2017 was 2,633 Yen/sqm, down 0.8% from the previous month and down 1.1% from last year. The average apartment size was 59.94 sqm and the average building age was 20.2 years. In the Tokyo metropolitan area, the average…

New apartment supply in Tokyo hits 25 year low in May

New apartment supply in Tokyo hits 25 year low in May

According to the Real Estate Economic Institute, 2,603 new apartments were released for sale across greater Tokyo in May, down 5.0% from the previous month and down 13.3% from last year. This is the lowest supply for the month of May seen since 1992 when 1,617 apartments were released for sale. 1,880 apartments were sold,…

Top 10 areas in Minato-ku with the highest increase in apartment prices

Top 10 areas in Minato-ku with the highest increase in apartment prices

Research company Mansion Market has ranked the top 10 addresses in Tokyo’s Minato ward that have seen the highest increase in apartment prices over the past 10 years. Five addresses recorded price increases of over 20%. In top place was Azabu Juban with an average increase in price of 27.1%.

Tokyo apartment sale prices increase for 56th month in a row

Tokyo apartment sale prices increase for 56th month in a row

According to REINS, 2,983 second-hand apartments were sold across greater Tokyo in May, down 5.7% from the previous month and down 0.6% from last year. The average sale price was 31,730,000 Yen, down 2.2% from the previous month but up 6.1% from last year. The average price per square meter was 494,900 Yen, down 1.8%…

Tokyo apartment asking prices in April 2017

Tokyo apartment asking prices in April 2017

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment in greater Tokyo was 35,600,000 Yen in April, down 0.6% from the previous month but up 3.9% from last year. The average building age was 22.7 years. In the Tokyo metropolitan area the average asking price was 48,410,000…

New apartment sales in Tokyo in April 2017

New apartment sales in Tokyo in April 2017

According to the Real Estate Economic Institute, 2,741 brand new apartments were released for sale across greater Tokyo in April, down 19.6% from the previous month but up 38.6% from last year. This is the 3rd month in a row to see a year-on-year increase in supply. 1,817 apartments were sold, resulting in a contract…

Average apartment rent in April 2017

Average apartment rent in April 2017

According to Tokyo Kantei, the average monthly rent of a condominium apartment across greater Tokyo in April 2017 was 2,654 Yen/sqm, down 1.0% from the previous month and down 0.5% from last year. The average apartment size was 60.29 sqm and the average building age was 20.2 years. In the Tokyo metropolitan area, the average…

Tokyo apartment sale prices increase for 55th month

Tokyo apartment sale prices increase for 55th month

According to REINS 3,163 second-hand apartments were sold across greater Tokyo in April, down 15.0% from the previous month and down 4.0% from last year. The average sale price was 32,450,000 Yen, up 3.2% from the previous month and up 11.2% from last year. This is the first time since December 2014 that year-on-year double-digit growth…

Average discount of an apartment sold in 2016

Average discount of an apartment sold in 2016

According to Tokyo Kantei, in 2016 approximately 40% of second-hand apartments in the greater Tokyo area sold within a month of listing, and at an average discount of 3.00%. Two-thirds of apartments sold within the first three months of being listed. Almost a third of the apartments that sold within a month of being listed…

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