Secondhand apartment transactions drop 30.3% in April but prices continue to rise
According to REINS, 2,785 secondhand apartments were sold across greater Tokyo in April, down 30.3% from the previous month and down 10.7% from April 2013.
While the number of transactions saw a steep drop, actual sale prices have continued to increase. The average sale price across greater Tokyo was 26,880,000 Yen, up 0.9% from the previous month and up 5.2% from last year. The average price per square meter was 424,000 Yen, up 1.8% from the previous month and up 7.7% from last year.Read more