Tokyo apartment asking prices increase for 19th consecutive month
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in January 2016 was 33,370,000 Yen, up 2.1% from the previous month and up 15.1% from January 2015. The average building age was 22.1 years.
In the Tokyo metropolitan area, the average price was 46,420,000 Yen, up 0.4% from the previous month and up 17.4% from last year. This is the 19th month in a row to see a month-on-month increase. The average building age was 21.7 years.
In Tokyo’s 23 wards, the average price was 51,620,000 Yen, up 0.4% from the previous month and up 17.3% from last year. This is also the 19th consecutive month to see a month-on-month increase. The average building age was 21.7 years.Read more