Rosenka land values increase for 4th year in a row
The rosenka land values for 2019 were announced by the National Tax Agency on July 1. Nationwide, land values increased by 1.3%. This is the fourth year in a row to record a year-on-year increase. The rate of growth has also expanded, following 0.7% in 2018, 0.4% in 2017 and 0.2% in 2016. This is the first time to see four years of consecutive growth since 1992.
Tokyo sees drop in new listings for first time in 19 months
According to REINS, a total of 2,749 second-hand apartments were reported to have sold across greater Tokyo in May 2019, down 20% from the previous month and down 1.3% from last year. The average sale price was 33,250,000 Yen, down 2.2% from the previous month but up 0.6% from last year. The average price per square meter was 518,000 Yen, down 2.8% from the previous month but up 1.4% from last year. The average age of an apartment sold was 21.63 years.
Holiday home buyers drawn to Kyoto
Kyoto City is fast becoming a hotspot for out-of-towners buying holiday homes.
Redevelopment details for Meiji Jingu Stadium district
Details have come out for the large-scale future redevelopment of the Meiji Jingu Baseball Stadium and Prince Chichibu Memorial Rugby Stadium district in central Tokyo. The 17.4-hectare site straddles Minato and Shinjuku wards and adjoins the new Olympic Stadium.
Greater Tokyo second-hand apartment sales reach highest level in history
Reported sales of second-hand apartments across greater Tokyo in April 2019 reached 3,440 units, up 6.3% from the previous year and the highest level seen for the month of April since REINS began collecting data in 1990.