30+ year old apartments and houses growing in popularity
According to REINS the share of properties sold that are over 30 years old is growing. In 2012, the average age of an apartment sold in greater Tokyo was 18.97 years, 0.70 years higher than 2011. Apartments over 30 years old comprised 20.6% of total second-hand apartment sales - up from 18.20% in 2011. The average age of a house sold was 19.71 years, up 0.34 years from 2011. Houses over 30 years old comprised 18.5% of total second-hand house sales - up from 17.5% in 2011. Read more