According to REINS, a total of 39,812 second-hand apartments were reported to have sold across greater Tokyo in 2021, up 11.1% from 2020 and the highest level on record. Second-hand apartment transactions have exceeded those of new apartments, with the total supply of brand-new apartments in 2021 at 33,636 units. The myth of buyers only preferring new construction is well and truly ancient.

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.