Tokyo apartment asking prices increase for 22nd consecutive month
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in April 2016 was 34,280,000 Yen, up 1.3% from the previous month and up 15.5% from last year. The average building age was 22.1 years.
In the Tokyo metropolitan area, the average asking price was 47,410,000 Yen, up 1.2% from the previous month and up 16.3% from last year. This is the 22nd month in a row to see an increase in prices. The average building age was 21.6 years.
In Tokyo’s 23 wards, the average price was 52,560,000 Yen, up 1.5% from the previous month and up 15.2% from last year. The average building age was 21.5 years.
In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average asking price was 71,740,000 Yen, up 0.4% from the previous month and up 10.5% from last year. The average building age was 20.0 years.