The Property Economic Research Institute announced on the 26th that the average price of a new condominium in Tokyo's 23 wards in 2025 was 136.13 million yen, 21.8% higher than the previous year, a record high. Prices continue to rise as construction costs increase due to soaring material prices and labor costs.
The average price in the Greater Tokyo Area (Tokyo, Kanagawa, Saitama, and Chiba) was 91.82 million yen, 17.4% higher than the previous year and the highest ever.
https://www.yomiuri.co.jp/economy/20260126-GYT1T00225/
6 Comments
I’m just wondering where the people who used to live where the new condo’s were built went. There used to be many small wooden houses in Azabu and Roppongi areas. Most have been replaced with new condo’s.
This is not affordable for the average Japanese person
Is Blackstone borrowing cheap Japanese yen to buy assets that pay out a higher yield? What if the Bank of Japan loses control of interest rates or the yen appreciates too quickly, the love for Japanese property could turn into a very expensive divorce.
Contrary to the widespread belief that Japanese are getting poor, actually the number of millionaires are increasing steadily thanks to robust stock growth both domestically and worldwide.
People will look at this and say “housing in Japan is affordable” because they saw some random YouTuber buying an Akiya in the middle of nowhere.
So cheap. If where I was from was so cheap I’d buy. 5-10 of them