Average price of existing condominium sales in Tokyo Metropolitan Area (JPY 10,000 per sq. m.) (1992=100)
Japan
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 prices in Tokyo, % change 1 yr
Nominal and inflation-adjusted ('real')
Japan
Source: The Land Institute of Japan
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2023 | -0.45 | |||
| 2022 | 0.9 | 1.73 | 1.84 | 0.25 |
| 2021 | 1.97 | 1.08 | 3.94 | 3.29 |
| 2020 | -1.34 | -0.67 | 4.69 | 3.39 |
| 2019 | 2.95 | -2.33 | 1.66 | 1.64 |
| 2018 | 0.54 | -0.4 | -1.68 | 2.2 |
| 2017 | -0.71 | 0.28 | 1.83 | 1.87 |
| 2016 | 5.35 | -0.2 | 2.79 | 1.06 |
| 2015 | 0.98 | -0.45 | 1.95 | -1.38 |
| 2014 | 2.81 | -0.32 | -0.65 | 6.31 |
| 2013 | 3.51 | 0.19 | 1.59 | -1.35 |
| 2012 | -0.95 | -1.91 | -0.2 | 2.11 |
| 2011 | -2.84 | -1.79 | 0.66 | 0.44 |
| 2010 | 0.2 | -0.29 | 3.08 | 1.98 |
| 2009 | -2.58 | 1.38 | -0.78 | 2.97 |
| 2008 | -1.58 | 0 | -3.94 | 0.68 |
| 2007 | 3.87 | 1.71 | 3.72 | 1.03 |
| 2006 | 0.71 | 0.42 | 1.4 | 5.58 |
| 2005 | 2.71 | 1.9 | -0.44 | 2.98 |
| 2004 | 0.81 | 3.52 | 0.24 | -2.06 |
| 2003 | 0.78 | -0.71 | -0.68 | 0.5 |
| 2002 | -1.86 | 1.04 | -1.78 | 2.03 |
| 2001 | -1.58 | -1.48 | -0.6 | 1.99 |
| 2000 | -0.15 | -0.83 | -2.1 | 0.92 |
| 1999 | 0.54 | 0.31 | -2.23 | -2.8 |
| 1998 | -1.57 | -3.81 | -1.29 | -0.2 |
| 1997 | 0.89 | -5.42 | -0.1 | -2.01 |
| 1996 | 1.22 | -0.14 | -3.34 | 0.15 |
| 1995 | -9.12 | -5.41 | -4.41 | -2.65 |
| 1994 | -2.79 | -1.29 | -5.27 | -2.7 |
| 1993 | -2.51 | -0.58 | -3.12 | -0.31 |
| 1992 | -2.25 | 0.46 | -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.