Nationwide average apartment price drops for first time since 2012

According to the Real Estate Transaction Promotion Center, the average sale price of an existing apartment sold across Japan in April was 25,400,000 Yen, down 9.03% from last year. The average sale price per square meter was 385,200 Yen, down 8.76% from 2019. This is the first time since September 2012 to see a year-on-year drop in prices.

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by Zoe Ward

Who said all Japanese apartments lose their value immediately after purchase?

Minamiaoyama Masters House by Marubeni

Real estate marketing and research firm, Attractors Lab, has compiled a list of the apartment developers and the resale value of their apartments 10 years after completion. In top spot was Marubeni Corporation.

The data is based on apartments built in the last 10 years that were listed for sale on the secondary market in 2010. The purchase price when brand new was compared to the asking price when the property was re-listed in 2010. The data only included developers who have built over 30 buildings.Read more

by Zoe Ward

Mitsubishi Jisho Residence is the top apartment supplier in 2010

Market Economy Research Institute and the Real Estate Economic Institute announced the supply rankings of apartment developers across Japan for 2010. Mitsubishi Jisho Residence was the largest supplier of new apartments throughout Japan with a total of 6148 units - an increase of 121.2% from 2009.

In second place, Mitsui Fudosan Residential increased their supply by 17.3% to 5455 units. And in third place was Sumitomo Realty & Development who increased their supply by 15.3% to 4731 units. A total of 126 companies responded to the questionnaire sent out by the research institutes in May and June.Read more

by Zoe Ward