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Tokyoites need to work longer before they can afford to buy a property according to the report.
REthink Tokyo has compiled data illustrating land pricing trends from 2000 to 2021.
REthink Tokyo has compiled transaction data from REINS, Japan’s agent access only MLS system.
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.
Greater Osaka drops slightly; Greater Nagoya rises slightly month on month.
Average pricing and rental data per square metre shows higher year-on-year increases across the city.
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