All – Page 460 – JAPAN PROPERTY CENTRAL K.K.

Second-hand apartment prices up 9% from June, 2009

Second-hand apartment prices are slowly recovering. As they are comparatively cheaper than brand new apartments, demand is returning and the viewpoint that this is no longer the bottom of the market is emerging.

Nagoya's 7 cities see the highest increase of 2.7%

Real estate information provider, Tokyo Kantei, reported that the average price of a 70sqm apartment in Tokyo's 23 Wards reached 42.97 million Yen in March, 2010. This is 9% higher than the bottom average price that was recorded in June, 2009.

From Autumn of 2009, Tokyo, Yokohama and Saitama have been showing signs of transitioning into a bullish market. Nagoya's 7 cities had the largest rate of growth of 2.7% compared to the previous month, with Osaka and Kobe seeing almost no change.

by Zoe Ward

New apartment prices in 2009 are 6 times the yearly personal income

In Japan, the nationwide average ratio of new apartment prices to yearly income is 6.00 times - a slight decrease from the same month of the previous year. While average incomes have been levelling out, apartment prices have fallen slightly. However, the high level is expected to continue.Read more

by Zoe Ward

New house prices rise for the first time in 3 months

Real estate information service provider, AtHome, announced that the average sale prices on new homes in Tokyo for the month of March had decreased by 8% compared to March of 2009. The average sale price was 31.32 million Yen for March, 2010. However, prices are up by 2.6% compared to the previous month.Read more

by Zoe Ward

Shibuya-ku: Average Apartment Prices by Station

Shibuya-ku apartment price rankings as provided by www.mansion-data.jp. The latest information was provided in October, 2009.

by Zoe Ward

Minato-ku: Average Apartment Prices by Station

Minato-ku apartment price rankings as provided by www.mansion-data.jp. The latest information was provided in October, 2009.

by Zoe Ward

Urban Apartment Prices up 1.1%

Metropolitan apartment prices rise for the third consecutive month.

Tokyo-Kantei Co., Ltd. released their figures on the average apartment prices in March for the three major Japanese metropolitan areas.

The average apartment price for all three areas combined was 29.3 million Yen (up 1.1% from the previous month). Compared to the same period from the previous year, the average price has increased by 3.5%.

by Zoe Ward

British Embassy's vacation home acquired by Tochigi Prefecture

British Embassy Villa Nikko — Before and after the renovations.

It was announced on April 15 that the British Embassy's vacation home on Lake Chuzenji, Oku-Nikko, Tochigi-ken will be transferred to Tochigi Prefecture. The prefecture announced to the Prefectural Assembly Agriculture and Forestry Committee that they are considering using the British villa in conjunction with the nearby Italian Embassy House Memorial Park.

by Zoe Ward