Tokyo apartment prices increase for 24th month
The average reported sale price of a second-hand apartment in the Tokyo metropolitan area reached 919,400 Yen/sqm in April. This is a 4.2% increase from March and a 14.1% increase from last year. It’s also the 24th month in a row to see a year-on-year increase in sale prices.
Tokyo Apartment Sales in April 2022
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of April 2022:
Apartment asking price in Tokyo climbs for 21st month
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in Tokyo’s 23 wards climbed for the 21st month in a row to 67,840,000 Yen as of March 2022. This is a 1.2% increase from February and a 10.5% increase from last year.
New apartment price in Tokyo hits 31-year high
The average price of a brand-new apartment across greater Tokyo has now exceeded a bubble-era high.
Tokyo apartment prices increase for 23rd month
Despite growing building ages and shrinking apartment sizes, the average price of a second-hand apartment sold in Tokyo last month reached a record high.
Tokyo Apartment Sales in March 2022
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of March 2022:
New apartment price across greater Tokyo rises by 16.3%
According to the Real Estate Economic Institute, the average price of a brand-new apartment released for sale across greater Tokyo in February was 74,180,000 Yen, up 16.3% from last year.