Graph and download economic data for Residential Property Prices for Japan (QJPN628BIS) from Q1 1955 to Q4 2024 about Japan, residential, HPI, housing, price index, indexes, and price.

Residential Property Prices in Japan increased 3.16 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Japan Residential Property Prices.

Key information about House Prices Growth

• Japan house prices grew 4.3% YoY in Nov 2024, following an increase of 2.0% YoY in the previous month.
• YoY growth data is updated monthly, available from Apr 2009 to Nov 2024, with an average growth rate of 1.9%.
• House price data reached an all-time high of 10.2% in Apr 2022 and a record low of -9.4% in Apr 2009.

Housing Index in Japan increased to 131.15 points in April from 129.96 points in March of 2025. This dataset provides - Japan Construction Starts - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In March 2025, the preliminary residential property price index for condominiums in Japan stood at ***. Apart from condominiums, the residential property price index comprises residential land and detached houses.

Key information about Japan Gold Production

• Japan Real Residential Property Price Index was reported at 121.710 2010=100 in Sep 2024.
• This records an increase from the previous number of 121.633 2010=100 for Jun 2024.
• Japan Real Residential Property Price Index data is updated quarterly, averaging 110.319 2010=100 from Mar 1955 to Sep 2024, with 279 observations.
• The data reached an all-time high of 189.276 2010=100 in Mar 1991 and a record low of 12.662 2010=100 in Mar 1955.
• Japan Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

In the first quarter of 2025, the house price to income ratio in Japan stood at *** representing an increase of *** index points compared to the previous quarter. The ratio is calculated by dividing nominal house prices by the nominal disposable income per head based on net household disposable income.

In 2024, the average price of second-hand single-family homes in the Greater Tokyo Area in Japan amounted to around **** million Japanese yen. The resale price of houses increased by *** percent year on year.

Japan JP: Standardised Price-Income Ratio: sa data was reported at 87.536 Ratio in 2024. This records a decrease from the previous number of 89.289 Ratio for 2023. Japan JP: Standardised Price-Income Ratio: sa data is updated yearly, averaging 113.262 Ratio from Dec 1960 (Median) to 2024, with 65 observations. The data reached an all-time high of 163.202 Ratio in 1973 and a record low of 73.471 Ratio in 2009. Japan JP: Standardised Price-Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

The market is segmented by Type (Apartments and Condominiums, Villas and landed houses) and by Cities (Tokyo, Kyoto, Osaka and Other Cities). The report offers market size and forecasts for luxury residential real estate market in Japan for all above segments.

In 2023, the Japan Real Estate Market reached a value of USD 509.3 million, and it is projected to surge to USD 707.1 million by 2030.

The Japanese luxury residential real estate market is expected to maintain a steady growth rate, with a CAGR of 3.00% during the forecast period of 2025-2033. This growth can be attributed to the nation's affluent population and the presence of major corporations, creating a demand for high-end housing. Tokyo, Kyoto, and Osaka are the primary metropolitan areas driving the market. Foreign investors are also contributing to the demand for luxury properties, particularly in the form of apartments and condominiums. Key trends in the market include the increasing popularity of smart homes and the growing demand for eco-friendly luxury properties. The market is segmented into apartments and condominiums, villas and landed houses, with apartments and condominiums dominating the market. Major companies in the market include Daiwa House Group, Mitsui Fudosan, Tokyo Tatemono, Sumitomo Realty & Development, and Daikyo Incorporated. Despite the projected growth, there are some restraints such as the high cost of land and the strict regulations governing the construction of new developments. Recent developments include: On January 13th, 2022, Mitsubishi Estate announced rental residences would be included on the upper floors of Torch Tower, a mixed-use building to be developed in the Tokyo Torch complex, officially named the Tokyo Station Tokiwabashi Project. These will be the first residential units for rent in the Otemachi, Marunouchi, and Yurakucho areas, according to Mitsubishi Estate. There will be approximately 50 luxury rental apartments planned, between roughly 70 to 400 square meters in exclusive use spaces. Torch Tower will be a 63-story, 4-level basement complex consisting of a hotel, offices, event spaces, and retail stores in addition to the luxury rental units. Construction is scheduled to begin in the fiscal year 2023 and be completed in the fiscal year 2027., On April 25th, 2022, Mitsui Fudosan Residential and Mitsubishi Estate Residence announced the permanent name of "Mita Garden Hills" for the, until now, tentatively named "Mita 1-Chome, Minato-ku, Tokyo Project". It is a large-scale luxury condominium project that will include 1,002 units ranging from studio to 4-bedroom condos. The site spans 2.5 hectares and will have 1,002 apartments across several 1 - 14-story buildings, with apartment sizes ranging from 29 - 370 sqm (312 - 3,891 sq. ft). Only the units over 200 sqm in size appear to have two bathrooms (or a shower in the main bedroom). A resident-only central garden of around 7,700 sqm will be landscaped with 130 varieties of new and existing plants. Approximately 500 tonnes of rainfall will be collected each year to help with the watering of the plants to conserve water usage.. Key drivers for this market are: 4., Rapid Urbanization is driving the market4.; Government Initiatives Actively promoting the Construction Activities. Potential restraints include: 4., Limited Infrastructure4.; Shortage of Skilled Labours. Notable trends are: High Concentration of UHNWI in Tokyo Driving the Sales of Luxury Homes.

In January 2025, Tokyo Prefecture recorded the highest average official land price of all ** prefectures in Japan, at around *** million Japanese yen per square meter. It was followed by Osaka Prefecture with an average official land price of ******* yen per square meter.

The Japan condominiums and apartments market, valued at approximately ¥20 trillion (assuming a market size of "XX" represents a significant figure in the Japanese real estate sector, and ¥20 trillion is a plausible estimate given the scale of the Japanese economy) in 2025, exhibits a steady Compound Annual Growth Rate (CAGR) of 4.60%. This growth is fueled by several key drivers. Firstly, Japan's urban population continues to concentrate in major cities like Tokyo, Osaka, and Nagoya, increasing demand for compact yet modern housing solutions offered by condominiums and apartments. Secondly, a robust economy and increasing disposable incomes are enabling more individuals to afford higher-quality housing, fueling market expansion. Furthermore, government initiatives aimed at improving urban infrastructure and promoting sustainable housing developments are also positively influencing market growth. However, challenges remain, including the high cost of land in major cities, potentially limiting supply and pushing prices upward. Stringent building codes and environmental regulations, while important for sustainability, also add to development costs. The market is segmented by type, with condominiums and apartments representing the primary categories, each catering to different consumer preferences and budgetary considerations. The competitive landscape includes both large-scale developers like Sekisui House Limited and Sumitomo Forestry's Co Ltd, and smaller, specialized builders focusing on niche markets. The forecast period of 2025-2033 projects continued growth, albeit at a rate influenced by macroeconomic factors like interest rates and economic volatility. While the CAGR of 4.60% provides a baseline, fluctuations around this figure are anticipated. The consistent demand for housing in Japan's urban centers, combined with ongoing investment in infrastructure development, suggests that the market will remain resilient in the long term. However, developers must adapt to changing consumer preferences—emphasizing sustainable designs, smart home technologies, and flexible living spaces—to maintain competitiveness and capitalize on the growth potential. A deeper understanding of regional variations within Japan, particularly concerning population density and economic conditions, will be crucial for targeting specific market segments effectively. Recent developments include: Dec 2022: Nippon House Holdings Co. Ltd launched the "Japanese House/Hinoki House" series with 15 types of exterior design., Oct 2022: Asahi Kasei Homes concluded an agreement to acquire 100% ownership of Focus Plumbing LLC, Focus Framing, Door & Trim LLC, Focus Electric LLC, Focus Concrete LLC, and Focus Fire Protection LLC (collectively referred to as "Focus Companies"), a Nevada-based residential plumbing, framing, electric, concrete, and fire protection group, on October 14, 2022 (US Eastern time), through a US subsidiary, and completed the acquisition.. Notable trends are: Japan’s Shrinking Population is Producing a Surplus of Housing.

House price index in Japan, December, 2024 The most recent value is 137.74 index points as of Q4 2024, a decline compared to the previous value of 139.45 index points. Historically, the average for Japan from Q1 1990 to Q4 2024 is 128.32 index points. The minimum of 97.71 index points was recorded in Q2 2009, while the maximum of 182.79 index points was reached in Q1 1991. | TheGlobalEconomy.com

Japan - Commercial property price index, all properties, Tokyo

Graph and download economic data for Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Japan (JPNCPGRHO02GPQ) from Q2 1970 to Q2 2021 about imputed, rent, Japan, CPI, price index, indexes, and price.

Japan JP: Price to Rent Ratio: sa data was reported at 132.703 2015=100 in 2024. This records an increase from the previous number of 129.382 2015=100 for 2023. Japan JP: Price to Rent Ratio: sa data is updated yearly, averaging 125.671 2015=100 from Dec 1970 (Median) to 2024, with 55 observations. The data reached an all-time high of 185.251 2015=100 in 1991 and a record low of 91.768 2015=100 in 2009. Japan JP: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by rent price indices

The Japan manufactured homes market, currently valued at an estimated ¥1.5 trillion (approximately $10.5 billion USD) in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 4.00% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, increasing urbanization and population density within Japan are creating a greater demand for affordable and efficient housing solutions. Manufactured homes offer a compelling alternative to traditional construction, providing quicker build times and potentially lower costs. Secondly, government initiatives promoting sustainable and energy-efficient housing are positively impacting the market. Builders are increasingly incorporating eco-friendly materials and technologies into their manufactured homes, aligning with national environmental goals. Furthermore, evolving consumer preferences towards modern, customizable, and technologically advanced homes are driving innovation within the sector. Leading manufacturers like Shimizu Corporation and Sekisui House are responding to these trends by offering innovative designs and features, including smart home technologies and flexible floor plans. However, the market faces certain restraints. Land scarcity and stringent building regulations in urban areas can present challenges to development. Fluctuations in material costs and labor shortages could also impact production and pricing. Despite these challenges, the segment is showing significant growth, primarily in the multi-family housing sector, driven by an increasing need for rental properties and compact living spaces in densely populated cities. The single-family segment, while smaller, is expected to experience steady growth, fueled by demand for cost-effective and personalized homes in suburban and rural areas. The continued expansion of the market hinges on effectively addressing regulatory hurdles, maintaining a stable supply chain, and adapting to evolving consumer preferences. The forecast period of 2025-2033 suggests significant market expansion based on existing trends and projected economic growth in Japan. Key drivers for this market are: Governments' Investments and Plans in Residential Housing to Boost the Prefab Industry, Rise in the overall construction industry and increasing prices. Potential restraints include: Uneven Topography, Lack of Awareness. Notable trends are: Manufactured Homes are Witnessing a Rise in Adoption.

The Japan Condominiums and Apartments Market Report is Segmented by Type (Condominiums and Apartments). The Report Offers Market Sizes and Forecasts in Value (USD Billion) for all the Above Segments.