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.
Greater Tokyo’s compact apartment market in 2018
According to the Real Estate Economic Institute’s report on the compact apartment market, smaller apartments are starting to account for a larger share of total supply.
Miyakojima’s property boom
Land prices on this tropical island in Okinawa have increased by as much as 50,000% (no, that’s not a typo) over the past four years.
Japan's vacant house ratio reaches 13.6%
On April 26, the Ministry of Internal Affairs and Communications released their housing and land data as of October 2018. This survey is carried out once every five years. According to the report, the nationwide residential vacancy rate was 13.6%, a 0.1 point increase from 2013. The total number of vacant homes across Japan reached 8,460,000, an increase of 260,000 homes over the past 5 years.
Greater Tokyo apartment transactions reach highest level in history
In 2018, reported transactions of second-hand apartments across greater Tokyo reached the highest record in history. There were 37,601 sales reported for the year, up 1.2% from 2017.