Second-hand apartment prices in central Tokyo up 15.6%
According to REINS, sales of second-hand apartments in greater Tokyo in August were up 16% from last year. A total of 2,250 apartments were sold during the month. The average price was 25,560,000 Yen (260,000 USD), up 3.5% from August 2012, but down 0.6% from last month. The average price per square meter was 400,100 Yen, up 5.3% from last year and up 1.8% from last month.
The average apartment size was 63.88 sqm (687 sqft) and the average building age was 20.08 years.
In Tokyo's central three wards (Chiyoda; Chuo and Minato), the average price per square meter was up 15.6% from the same time last year to 823,800 Yen.Read more