Tokyo apartment market enters bullish territory

In the first half of 2013, Tokyo's apartment market (including new and old apartments) transitioned to a bullish market.

According to Nomura Real Estate Urban Net's residential land and second-hand apartment price movement survey, prices were up in most areas in greater Tokyo in the second quarter of 2013.Read more

by Zoe Ward

Apartment price to income ratio worsens in 2012

According to data released by Tokyo Kantei on July 30, the average price of a brand new apartment in Japan was 6.53 times the average annual income, while a second-hand apartment (less than 10 yrs old) was 4.56 times the average income.

While apartment prices are rising, income levels are still declining. The average annual income in 2012 fell 4.6% to 4,170,000 Yen. This is the third year in a row where incomes have fallen.Read more

by Zoe Ward

Secondhand apartment prices in June - Tokyo Kantei

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) second-hand apartment in Tokyo's 23-ku in June was 39,720,000 Yen (397,000 USD), up 0.3% from last month and 0.7% higher than June 2012.

Across greater Tokyo, the average price was 27,700,000 Yen (277,000 USD), up 0.4% from last month but down 2.7% from last year.Read more

by Zoe Ward

Central Tokyo secondhand apartment prices up 15.2% from last year

According to REINS, the number of second-hand apartment sales in greater Tokyo for the month of June 2013 increased by 17.9% from last year to 3,149 apartments. This is the 10th month in a row where sales have exceeded those of the same month one year prior.

The average sale price was 25,740,000 Yen (257,000 USD), up 6.9% from last year and up 0.1% from last month. The average sale price per square meter was 399,700 Yen/sqm, up 5.9% from June 2012 but down 0.4% from last month. The average apartment age was 19.12 years.

In central Tokyo's 3 wards (Chiyoda, Chuo and Minato), the average sale price of 45,500,000 Yen (454,000 USD) was 15.2% higher than last year and 3.6% higher than last month. The average price per square meter was 798,300 Yen, up 9.4% from last year and up 1.7% from last month.Read more

by Zoe Ward

Central Tokyo apartment prices up 10.2% over 12 months

According to REINS, the number of second-hand apartment sales in Tokyo City in May were up 41% from May of last year. Sales of second-hand houses were up 6.6%.

A total of 1,530 second-hand apartments and 273 second-hand houses were sold in Tokyo last month. Read more

by Zoe Ward

New apartment prices up 7.1% in April

On May 20, the Real Estate Economic Institute's issued their report on new apartment sales in greater Tokyo for the month of April.

4,093 new apartments were released for sale during the month, down 2.8% from April 2012 and down 20.4% from last month. Of those, 1,891 apartments were in Tokyo (46.2%), 995 were in Kanagawa Prefecture (24.3%), 764 were in Saitama Prefecture (18.7%) and 443 were in Chiba Prefecture (10.8%).Read more

by Zoe Ward

Secondhand apartment prices in April - Tokyo Kantei

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) secondhand apartment in greater Tokyo in April was 27,700,000 Yen (272,000 USD), down 0.4% from last month and down 4.3% from April 2012. 

In Tokyo, the average asking price was 36,290,000 Yen (357,000 USD), up 0.1% from last month but down 2.2% from last year. Osaka City is one of the few places that has seen asking prices increase from 12 months ago, with the average price up 1.2% from April 2012. Prices in Osaka's central 6 wards have increased by 6.8% over the year.Read more

by Zoe Ward