Japan apartment prices Apr2016

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.

This content is available to paid subscribers only.

Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However, gathering and preparing this content takes hours and hours each week. By joining our monthly subscription service, you can access over 3,100 articles dating back 14 years. Best of all, you’ll be supporting us in our endeavor to continue to provide investors with on-the-ground, expert information.

To join our paid subscription service and access over 3,100 news articles on Japan's real estate market, please register here.

Already a paid member? Log-in using your details below.