3.5% of new condos in Tokyo were sold to buyers with overseas addresses
The results are in, and 3.5% of the brand-new condominiums sold across Tokyo’s 23 wards in the first half of 2025 were purchased by buyers with offshore addresses, according to data compiled by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). The ratio was 7.5% in Tokyo’s central six wards, 4.3% in Osaka City, and 2.5% in Kyoto City. The research did not look into the nationality of buyers, and may include both Japanese and foreigners in these figures. These figures indicate that foreign buyers are not to blame for rising home prices, despite sensationalist headlines. Read more