The average price of brand new apartment released for sale across Japan hit a historic high in 2017. According to the Real Estate Economic Institute, the average price nationwide was 47,390,000 Yen, up 3.9% from 2016 and the highest price seen since record keeping began in 1973. A previous high of 46,180,000 Yen was last recorded in 2015.

The average price per square meter was 696,000 Yen, up 6.3% from 2016 and also the highest price on record. The previous record-high was 694,000 Yen/sqm in 1990.

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