Second-hand apartment sales in January - REINS

According to REINS, 2,688 secondhand apartments were sold across greater Tokyo in January, down 7.3% from the previous month but up 6.8% from January 2013. This is the 17th month in a row to see a year-on-year increase in sales.  

The average sale price was 26,730,000 Yen, up 4.4% from December and up 1.2% from last year. The average price per square meter was 415,300 Yen, up 2.6% from December and up 4.5% from last year. The average apartment age was 19.38 years.Read more

by Zoe Ward

Second-hand apartment prices in central Tokyo up 12.9% from last year

According to REINS, the average price per square meter of a secondhand apartment sold in Tokyo City in October was 537,200 Yen, up 10.4% from last year and up 1.7% from the previous month. The average sale price was 32,420,000 Yen, up 6.3% from last year and up 1.4% from last month.

A total of 3,066 secondhand apartments were sold across greater Tokyo, up 11.7% from last year. 1,447 apartments were sold in Tokyo City, up 13.1% 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

Apartment prices in Tokyo down 10% in September

According to the latest data from the Real Estate Information Network for East Japan (REINS), the number of purchase contracts on houses and apartments sold on the secondary market in greater Tokyo in September fell over 3% from the previous year. The average selling price for both apartments and houses in greater Tokyo still remain lower than in 2010.Read more

by Zoe Ward