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

 Q1Q2Q3Q4
2023-0.45
20220.91.731.840.25
20211.971.083.943.29
2020-1.34-0.674.693.39
20192.95-2.331.661.64
20180.54-0.4-1.682.2
2017-0.710.281.831.87
20165.35-0.22.791.06
20150.98-0.451.95-1.38
20142.81-0.32-0.656.31
20133.510.191.59-1.35
2012-0.95-1.91-0.22.11
2011-2.84-1.790.660.44
20100.2-0.293.081.98
2009-2.581.38-0.782.97
2008-1.580-3.940.68
20073.871.713.721.03
20060.710.421.45.58
20052.711.9-0.442.98
20040.813.520.24-2.06
20030.78-0.71-0.680.5
2002-1.861.04-1.782.03
2001-1.58-1.48-0.61.99
2000-0.15-0.83-2.10.92
19990.540.31-2.23-2.8
1998-1.57-3.81-1.29-0.2
19970.89-5.42-0.1-2.01
19961.22-0.14-3.340.15
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
1992-2.250.46-2.43

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.