According to REINS, the number of transactions made on secondhand apartments in greater Tokyo in January 2012 fell 3.3% from the year prior to 2305. Tokyo City was the only area that saw an increase in the number of transactions for the month.

Chiba saw the highest drop with only 270 transactions for the month - down 18.9% from January 2011. This is the 10th continuous month of decline.

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