Average price of existing condominium sales in Tokyo Metropolitan Area (JPY 10,000 per sq. m.)
Economics Team | August, 29, 2020
Japan, Tokyo
Apartment prices in Tokyo, Japan. The Land Institute of Japan publishes a monthly bulletin with average prices of existing condominium sales in Tokyo and Osaka. It started in 2004. The Japan Real Estate Institute (JREI) releases a semi-annual urban land price index coving the major cities, from 1955. For Tokyo, up to date figures are also published by Akasaka Real Estate.
Apartment price changes in Tokyo, nominal and inflation-adjusted ('real')
% change over a year earlier
Japan, Tokyo
Source: The Land Institute of Japan
Quarterly Change in house prices
| Q1 | Q2 | Q3 | Q4 | |
| 2020 | -1.16 | -0.85 | ||
| 2019 | 2.94 | -2.33 | 1.68 | 1.65 |
| 2018 | 0.53 | -0.29 | -1.77 | 2.2 |
| 2017 | -0.8 | 0.36 | 1.84 | 1.79 |
| 2016 | 5.25 | -0.21 | 2.8 | 1.16 |
| 2015 | 0.98 | -0.46 | 1.97 | -1.3 |
| 2014 | 2.82 | -0.28 | -0.66 | 6.33 |
| 2013 | 3.5 | 0.22 | 1.59 | -1.45 |
| 2012 | -0.94 | -1.92 | -0.18 | 2.09 |
| 2011 | -2.82 | -1.79 | 0.68 | 0.42 |
| 2010 | 0.2 | -0.3 | 3.06 | 1.97 |
| 2009 | -2.51 | 1.38 | -0.77 | 2.97 |
| 2008 | -1.57 | 0.12 | -3.94 | 0.53 |
| 2007 | 3.89 | 1.69 | 3.73 | 0.92 |
| 2006 | 0.72 | 0.43 | 1.4 | 5.57 |
| 2005 | 2.72 | 1.87 | -0.41 | 2.97 |
| 2004 | 0.79 | 3.56 | 0.24 | -2.09 |
| 2003 | 0.76 | -0.69 | -0.66 | 0.48 |
| 2002 | -1.89 | 1.06 | -1.78 | 2.04 |
| 2001 | -1.52 | -1.48 | -0.61 | 1.99 |
| 2000 | -0.15 | -0.85 | -2.08 | 0.94 |
| 1999 | 0.52 | 0.32 | -2.22 | -2.83 |
| 1998 | -1.57 | -3.8 | -1.29 | -0.2 |
| 1997 | 0.91 | -5.49 | -0.11 | -2.02 |
| 1996 | 1.21 | -0.12 | -3.35 | 0.15 |
| 1995 | -9.12 | -5.38 | -4.42 | -2.67 |
| 1994 | -2.66 | -1.3 | -5.27 | -2.71 |
| 1993 | -2.51 | -0.55 | -3.11 | -0.44 |
| 1992 | -2.23 | 0.45 | -2.43 |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.
