By clicking send message I agree to the terms and conditions, privacy policy and to receive correspondence from RETHINK Tokyo and Williams Media.
October’s average rent per square metre rose above 3,300 JPY for the first time since tracking began.
Total revenue reached a new all time high for the firm.
Rising prices still point to supply shortage and not decreased buyer demand as the main reason for the decline.
According to joint survey results by e-Seikatsu and GMO Globalsign Holdings.
While transaction volume is slowing for this segment, prices are still rising indicating robust buyer demand remains strong.
REthink Tokyo has compiled data illustrating land pricing trends from 2000 to 2021.
Monthly year-on-year data shows contracting inventory with strong buyer demand continues to drive prices per square metre higher.
While prefectural overall starts declined, Chiyoda, Minato and Chuo saw a significant increase.
The Greater Tokyo / Osaka regions both continue multi-month average price declines; Osaka and Fukuoka prefectures rise.
Tokyo agents surveyed found the pandemic effects on the residential market has made servicing buyers more challenging.
Keep the conversation going with REthink Tokyo via our free newsletter
Keep the conversation going with RETalk Asia via our free newsletter
Home
