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

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%.

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by Zoe Ward