New apartment prices in 2009 are 6 times the yearly personal income

In Japan, the nationwide average ratio of new apartment prices to yearly income is 6.00 times - a slight decrease from the same month of the previous year. While average incomes have been levelling out, apartment prices have fallen slightly. However, the high level is expected to continue.Read more

New house prices rise for the first time in 3 months

Real estate information service provider, AtHome, announced that the average sale prices on new homes in Tokyo for the month of March had decreased by 8% compared to March of 2009. The average sale price was 31.32 million Yen for March, 2010. However, prices are up by 2.6% compared to the previous month.Read more