Revisiting small hotel listings now that borders are about to reopen

Starting October 11, Japan’s inbound tourism restrictions introduced during the pandemic will be fully lifted with entry procedures returning to pre-pandemic norms. With inbound tourism about to kick into high gear, let’s take an updated look at the smaller hotels that have been listed for sale recently. A note to readers: you won’t find information published online about larger or higher quality assets available for purchase as information on those listings cannot be shared publicly.

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Tokyo apartment asking prices increase for 26th month

Apartment prices continue to rise in Tokyo’s 23 wards, with Tokyo Kantei reporting that the average asking price of a 70 sqm (753 sq.ft) second-hand apartment reached 68,840,000 Yen in August. This is a 0.6% increase from the previous month and a 7.1% increase from last year. It’s also the 26th month to see an increase. This may be partly due to the upcoming Autumn sales season – typically the second busiest time of the year for home sales.

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Central Tokyo apartment prices up 7.3% from last year

According to Tokyo Kantei, the average asking price of a 70 sqm second-hand apartment in Tokyo’s 23 wards reached 68,460,000 Yen in July, up 0.1% from the previous month and up 7.3% from last year. This was the 25th month in a row to see an increase. Asking prices have increased by 20.9% since the start of the pandemic in early 2020.

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