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Tokyo apartment asking prices in February 2017

Tokyo apartment asking prices in February 2017

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment in greater Tokyo was 35,830,000 Yen, up 0.4% from the previous month and up 6.7% from last year. The average building age was 22.5 years. In the Tokyo metropolitan area the average asking price was 48,450,000 Yen, up…

Japan’s residential land prices increase for first time in 9 years

Japan’s residential land prices increase for first time in 9 years

For the first time in 9 years the nationwide koji-chika assessed land value for residential land across Japan increased from the previous year. In 2017, the residential land value increased by 0.022% from 2016. This is in contrast to a 0.2% decrease reported in 2016. Of the 17,909 residential survey sites nationwide, 34% reported an annual…

Average apartment rent in February 2017

Average apartment rent in February 2017

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment in greater Tokyo was 2,666 Yen/sqm in February 2017, down 0.6% from the previous month but up 5.5% from last year. The average apartment size was 60.09 sqm and the average building age was 20.4 years. In the Tokyo metropolitan area the average…

Japan’s new apartment supply in 2016 reaches 24-year low

Japan’s new apartment supply in 2016 reaches 24-year low

The supply of brand new apartments released for sale across Japan in 2016 reached the lowest level seen since 1992. Transactions of second-hand apartments, however, reached a record high with sales up 6.9% in greater Tokyo and the highest level seen since record-keeping began. According to the Real Estate Economic Institute,  a total of 76,993…

Tokyo apartment asking prices in January 2017

Tokyo apartment asking prices in January 2017

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment in greater Tokyo was 35,680,000 Yen in January 2017, showing no change from the previous month but up 6.9% from last year. The average building age was 22.4 years. In the Tokyo metropolitan area, the average asking price…

Average apartment rent in January 2017

Average apartment rent in January 2017

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment in greater Tokyo was 2,681 Yen/sqm in January 2017, down 1.4% from the previous month but up 4.4% from last year. The average apartment size was 60.24 sqm and the average building age was 20.3 years. In the Tokyo metropolitan area, the average…

Tokyo apartment asking prices in December 2016

Tokyo apartment asking prices in December 2016

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo was 35,680,000 Yen in December 2016, up 0.6% from the previous month and up 9.1% from 2015. The average building age was 22.5 years. In the Tokyo metropolitan area, the average asking price was 48,380,000 Yen,…

Average apartment rent in December 2016

Average apartment rent in December 2016

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment in greater Tokyo was 2,720 Yen/sqm in December 2016, down 0.7% from the previous month but up 3.5% from December 2015. The average apartment size was 59.84 sqm and the average building age was 20.2 years. In the Tokyo metropolitan area, the average…

Tokyo apartment asking prices in November 2016

Tokyo apartment asking prices in November 2016

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo was 35,470,000 Yen in November 2016, down 2.0% from the previous month but up 8.3% from 2015. The average building age was 22.5 years. In the Tokyo metropolitan area, the average asking price was 48,090,000 Yen,…

Average apartment rent in November 2016

Average apartment rent in November 2016

According to Tokyo Kantei, the average monthly rent of a condominium in greater Tokyo was 2,738 Yen/sqm in November, up 1.5% from the previous month and up 4.3% from last year. This is the fifth consecutive month to see a month-on-month increase in rents. The average apartment size was 59.12 sqm and the average building…

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