Osaka – Page 23 – JAPAN PROPERTY CENTRAL K.K.

December 2015 rental data and annual average

Rent Dec 2015

According to Tokyo Kantei, the average monthly rent of a condominium apartment in greater Tokyo was 2,628 Yen/sqm in December 2015, up 0.2% from the previous month and up 2.6% from the previous year. The average apartment size was 59.84 sqm and the average building age was 19.7 years.

The average monthly rent in Tokyo’s 23 wards was 3,311 Yen/sqm, up 0.2% from the previous month and up 3.6% from the previous year. The average apartment size was 56.62 sqm and the average building age was 17.4 years.

by Zoe Ward

Tokyo apartment asking prices up for 17th month in a row

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in November was 32,740,000 Yen, up 2.4% from the previous month and up 13.6% from last year. This is the 15th month in a row to see a month-on-month increase. The increase was driven by a larger share of sales in the Tokyo metropolitan area, which pulled up the average. The average building age was 22.2 years.

In Tokyo’s 23 wards, the average asking price was 50,630,000 Yen, up 1.7% from the previous month and up 16.9% from last year. This is the 17th month in a row to see a month-on-month increase. The average building age was 21.8 years.

In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average asking price was 70,560,000 Yen, up 1.2% from the previous moth and up 15.1% from last year. The average building age was 20.1 years.Read more

by Zoe Ward

Osaka's new short-term letting rules leave out Osaka City

On October 27, Osaka Prefecture became the first area in Japan to approve the new and relaxed rules regarding short-term accommodation.

Despite the changes, there are still strict requirements, including:

Obtaining permission from local authorities before letting out the property.
Having a signed fixed-term rental agreement with the host and the guest.
A minimum room size of 25 sqm. Each room must have it’s own lockable bath, toilet and kitchen.
The minimum stay must be 6 nights and 7 days.
Hosts will be obligated to keep a guest book with guest names, passport numbers, and must check and confirm the identity of each guest.
Local authorities will have the right to conduct physical inspections of the properties. If a problem is found, the operator will lose their permission to operate short-term letting.
The following areas are not included in the relaxed rules: Osaka City, Sakai City, Takatsuki City, Higashi-osaka City, Toyonaka City, Hirakata City.

It is important to note that a large part of the urban area in Osaka is not part of the relaxed rules. Operators of properties in areas in white in the map below will require a hotel license to provide accommodation for less than 30 days.Read more

by Zoe Ward

Apartment asking prices in Tokyo increase for 16th month but supply-demand balance starts to shift

Japan apartment prices Oct 2015

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in October was 31,970,000 Yen, up 1.2% from the previous month and up 12.3% from last year. This is the 14th month in a row to see a month-on-month increase in asking prices. The average building age was 22.3 years.

In Tokyo’s 23 wards, the average asking price was 49,780,000 Yen, up 1.3% from the previous month and up 17.0% from last year. This is the 16th month in a row to see a month-on-month increase. The average building age was 22.0 years.

In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average asking price was 69,690,000 Yen, up 0.7% from the previous month and up 15.8% from last year. This is the fifth month in a row to see an increase, although the rate of increase has slowed.Read more

by Zoe Ward

Residential rental growth slows in Tokyo

Japan apartment rents Oct2015

According to Tokyo Kantei, the average monthly rent of a condominium in greater Tokyo was 2,681 Yen/sqm in October, up 1.3% from the previous month and up 3.0% from last year. The increase is due to a larger share of transactions in the Tokyo metropolitan area, which is pulling up the average. The average apartment size was 59.65 sqm and the average building age was 19.2 years.

In the Tokyo metropolitan area, the average rent was 3,184 Yen/sqm, up 0.1% from the previous month and up 2.7% from last year. The average apartment size was 57.08 sqm and the average building age was 17.4 years.

In Tokyo’s 23 wards, the average rent was 3,317 Yen/sqm, down 0.3% from the previous month but up 2.6% from last year. The average apartment size was 56.49 sqm and the average building age was 17.0 years.Read more

by Zoe Ward

Central Tokyo apartment asking prices up 17%

Japan apartment prices 201509

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in September was 31,590,000 Yen, up 1.4% from the previous month and up 11.9% from last year. This is the 13th month in a row to see an increase. The average building age was 22.4 years.

In Tokyo’s 23 wards, the average asking price was 49,130,000 Yen, up 1.0% from the previous month and up 16.5% from last year. This is the 15th month in a row to see an increase in prices. The average building age was 22.2 years.

In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average asking price was 69,210,000 Yen, up 1.3% from the previous month and up 17.0% from last year. The average building age was 20.6 years.

by Zoe Ward

Tokyo residential rents continue slow rise

Japan rent 201509

According to Tokyo Kantei, the average monthly rent of a condominium in greater Tokyo was 2,647 Yen/sqm in September, up 2.2% from the previous month and up 2.8% from last year. The leading cause of the increase in the rent was due to a large share (60%) of properties located in the Tokyo metropolitan area. The average apartment size was 60.27 sqm and the average building age was 19.0 years.

In the Tokyo metropolitan area, the average rent was 3,182 Yen/sqm, up 0.2% from the previous month and up 3.2% from last year. The average apartment size was 57.51 sqm and the average building age was 17.3 years.

In Tokyo’s 23 wards, the average rent was 3,326 Yen/sqm, up 0.4% from the previous month and up 3.7% from last year. The average apartment size was 56.93 sqm and the average building age was 16.7 years.

Average rents in Saitama, Osaka, Kobe and Nagoya were all down from last year.

by Zoe Ward