Average price of existing condominium sales in Tokyo Metropolitan Area (JPY 10,000 per sq. m.)
Economics Team | June, 15, 2018
Japan, Tokyo
Apartment prices in Tokyo, Japan. The Land Institute of Japan publishes a monthly bulletin that carries data covering up-to-date average prices of condominium sales in Tokyo and Osaka. It started in 2004. The Japan Real Estate Institute (JREI) also releases a semi-annual urban land price index that covers the major cities since 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 | |
| 2019 | 2.96 | -2.24 | 1.97 | 2.04 |
| 2018 | 0.33 | -0.40 | -0.98 | 1.98 |
| 2017 | -1.00 | 0.67 | 2.14 | 2.51 |
| 2016 | 5.24 | -0.02 | 2.70 | 1.47 |
| 2015 | 0.91 | 0.04 | 2.07 | -1.88 |
| 2014 | 2.92 | 2.06 | -0.14 | 5.75 |
| 2013 | 3.60 | 0.63 | 2.45 | -1.15 |
| 2012 | 0.00 | -2.84 | -0.08 | 1.78 |
| 2011 | -2.73 | -1.79 | 0.78 | 0.00 |
| 2010 | 0.52 | -0.52 | 2.86 | 1.77 |
| 2009 | -3.09 | 1.06 | -0.79 | 2.12 |
| 2008 | -1.48 | 1.25 | -3.46 | -0.77 |
| 2007 | 3.57 | 2.12 | 4.16 | 1.25 |
| 2006 | 0.60 | 0.89 | 1.76 | 4.90 |
| 2005 | 2.55 | 1.55 | 0.00 | 2.75 |
| 2004 | -2.18 | |||
| % change over a quarter (QoQ) | ||||
This table shows the change in house prices during a single quarter.
The figures are not adjusted for inflation, so may overstate house price rises (or understate declines).
Four quarter's house price changes may NOT sum to the annual (year-on-year) change in house prices, for statistical reasons.
