Multi-Family - $537,872
House - $1,001,560
House - $635,904
Multi-Family - $1,116,955
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Japan: Economic freedom index, 5-year change
Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a countrys score on the Heritage Foundations freedom index are calculated by the Global Property Guide to produce a 5-point rating:
Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal
Japan does not publish official house price statistics, so land prices are taken as a proxy. Land price statistics are available from the Japan Real Estate Institute (JREI), as well as rent index. For a summary of Japan�s economic and real estate trends, see monthly JREI reports. Japan�s Statistics Bureau and the Bank of Japan have good collections of general economics data.
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