Tokyo metro apartment prices increase for 46th consecutive month
According to REINS, 3,190 second-hand apartments were sold across greater Tokyo in July, up 3.9% from the previous month and up 13.6% from last year. The average sale price was 29,990,000 Yen, down 0.6% from the previous month but up 4.5% from last year. The average price per square meter was 473,300 Yen, down 0.9% from the previous month but up 4.7% from last year. This is the 43rd month in a row to see a year-on-year increase in the sale price per square meter. The average building age was 20.46 years.
In the Tokyo metropolitan area 1,592 second-hand apartments were sold, up 0.6% from the previous month and up 13.3% from last year. The average sale price was 37,470,000 Yen, up 0.1% from the previous month and up 7.7% from last year. The average price per square meter was 635,000 Yen, down 1.1% from the previous month but up 5.3% from last year. This is the 46th month in a row to see a year-on-year increase in the sale price per square meter. The average building age was 18.79 years.
Central Tokyo’s 3 wards
In central Tokyo’s 3 wards (Chiyoda, Chuo and Minato), 205 second-hand apartments were sold, down 1.0% from the previous month but up 24.2% from last year. The average sale price was 54,010,000 Yen, up 4.1% from the previous month but down 0.2% from last year. The average price per square meter was 1,010,400 Yen, up 1.5% from the previous month but down 0.8% from last year. The average building age was 15.83 years.Read more