Greater Tokyo second-hand apartment sales reach highest level in history
Reported sales of second-hand apartments across greater Tokyo in April 2019 reached 3,440 units, up 6.3% from the previous year and the highest level seen for the month of April since REINS began collecting data in 1990.
Home buying in Japan: Why that second bathroom may cost you
One of the most requested things we receive from buyers looking for two or three bedroom apartments or homes is for two full bathrooms. While this might be standard in many overseas markets, in Japan it is incredibly rare to find such a property. There are at most 2 or 3 condo-type buildings in Tokyo where 2 bathrooms are standard in all apartments, and these apartments are priced at the higher end of the market. In fact, 99.9% of current apartment listings in Tokyo's 23 wards have just one bathroom.Read more
Sold Out: The Peak Azabu Nagasaka
On April 16, Odakyu Real Estate announced that all apartments in the newly-renovated The Peak Azabu Nagasaka condominium had sold out in March.
Tokyo Apartment Sales in April 2019
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of April 2019:
Apartment age and pricing
One essential point to know about the property market in Japan is how the building age can affect pricing, both for sale and rental. When you are looking to buy or rent an apartment or house, newer construction is typically going to cost more on a price-per-square-meter basis than older buildings.