Posts Tagged “Tokyo apartment prices”

The most expensive addresses in Tokyo to buy an apartment

The most expensive addresses in Tokyo to buy an apartment

Tokyo Kantei ranked the most expensive neighbourhoods in Tokyo to buy a second-hand apartment. Central Tokyo’s prime areas dominated the rankings, with 17 of the areas located in Minato Ward, 13 in Shibuya and 11 in Chiyoda. MOTOAZABU In top spot was the Motoazabu address in Minato Ward with an average apartment price of 2,133,000…

Second-hand apartment price growth slows in first half of 2016

Second-hand apartment price growth slows in first half of 2016

According to Tokyo Kantei, the half-yearly rate of growth in the price of second-hand apartments in Tokyo has slowed in the first half of 2016 after seeing strong and likely unsustainable gains over the past three years. Second-hand apartment prices in central Tokyo have increased by 32.7% from the bottom seen in the second half…

Central Tokyo apartment asking prices up 17%

Central Tokyo apartment asking prices up 17%

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in September was 31,590,000 Yen, up 1.4% from the previous month and up 11.9% from last year. This is the 13th month in a row to see an increase. The average building age was 22.4 years….

Secondhand apartment prices in May 2015 – Tokyo Kantei

Secondhand apartment prices in May 2015 – Tokyo Kantei

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) apartment in greater Tokyo in May was 29,980,000 Yen, up 1.0% from the previous month and up 5.5% from last year. This is the 9th month in a row to see an increase from the previous month. The average building…

Central Tokyo apartment prices up 6.9% from last year

Central Tokyo apartment prices up 6.9% from last year

According to REINS, 2,440 second-hand apartments were sold across greater Tokyo in January 2015, down 2.3% from the previous month and down 9.2% from last year. This is the 10th month in a row to see a year-on-year decline. The average apartment sale price was 27,980,000 Yen, down 1.7% from the previous month but up…

Secondhand apartment prices in December 2014 – Tokyo Kantei

Secondhand apartment prices in December 2014 – Tokyo Kantei

For the first time in three years, the average asking price of a secondhand apartment in greater Tokyo has increased from the previous year. According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) second-hand apartment in greater Tokyo in 2014 was 28,510,000 Yen, up 2.1% from 2013. In Tokyo’s 23-ku,…

New apartment prices in Tokyo up 26%

New apartment prices in Tokyo up 26%

According to the Real Estate Economic Institute, 2,110 brand new apartments were released for sale in greater Tokyo in August, down 50.0% from the previous month and down 49.1% from last year. This is the 7th month in a row to see a year-on-year drop in supply. 1,469 apartments were sold, making the contract rate…

Secondhand apartment transactions down while prices continue to climb

Secondhand apartment transactions down while prices continue to climb

According to REINS, 2,118 second-hand apartments were sold across greater Tokyo in August, down 16.4% from the previous month and down 5.9% from last year. This is the 5th month in a row to see a decline from one year prior. The average apartment sale price across greater Tokyo was 28,190,000 Yen, up 7.4% from…

Tokyo apartment re-sale rankings by station in 2014

Tokyo Kantei released their 2014 report on price-to-book ratios (PBR) for apartments in greater Tokyo. Their data is ranked by train station. Apartments around Omotesando Station saw the highest gain in re-sale value for the second year in a row with apartments worth 1.33 times their original price when new. When combining capital gains and…

An updated forecast of Tokyo real estate prices

An updated forecast of Tokyo real estate prices

The Japan Real Estate Institute published an updated forecast of real estate prices and rental values in Tokyo’s 23 wards from 2014 to 2020. In 2013, apartment prices increased by around 4% due to a last minute buying rush before the hike in the consumption tax kicked in. Note: this tax applies to the sale…

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