Graph and download economic data for Residential Property Prices for Japan (QJPN628BIS) from Q1 1955 to Q3 2024 about Japan, residential, HPI, housing, price index, indexes, and price.

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]

Housing Index in Japan increased to 128.50 points in January from 128.20 points in December of 2024. This dataset provides - Japan Construction Starts - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In November 2024, the preliminary residential property price index in Japan stood at 141.3. After declining to 111.6 points in July 2020 following the outbreak of the coronavirus (COVID-19) pandemic, the index has recovered and reached a peak in November 2024. The residential property price index comprises residential land, detached houses, and condominiums.

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.

In 2023, the existing home sales index in Japan stood at 116.8 index points, reaching a decade high. The index for used home sales measures the development of the second-hand housing market based on the number of ownership transfers due to the sale and purchase of buildings. It includes data for detached houses and condominiums. Second-hand housing market in Japan Japan’s second-hand home market only accounts for a small share of the overall housing market. Despite the country’s massive housing stock, a large quantity of new homes is built every year as Japanese consumers prefer new homes over used ones. This is probably rooted in the housing policies of the post-war period, which were aimed at the rapid supply of new housing units at the cost of quality. As a result, many older homes are poor quality, and an average home fully depreciates within 30 years. These circumstances have created uncertainty about used homes and are reflected by the scrap and build approach of completely destroying and rebuilding used homes instead of reusing and renovating them. Revitalizing the existing home market In the past years, however, the government has shifted its focus to revitalizing the used housing market and utilizing the massive existing housing stock that comprises around 62 million units. By implementing a reliable home inspection system, subsidizing renovations, and offering appropriate pricing models, it is trying to change people’s perception of used homes. Driven by rising prices for new homes, demand for second-hand homes, especially condominiums, has recently increased in the metropolises of Tokyo and Osaka.

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 the third quarter of 2024, the commercial property price index in Japan stood at 141.8, down from 142.4 index points in the previous quarter.The commercial property price index comprises offices, warehouses, factories, apartment buildings, and commercial and industrial land.

Key information about Japan Nominal Residential Property Price Index

• Japan Nominal Residential Property Price Index was reported at 139.745 2010=100 in Sep 2024.
• This records an increase from the previous number of 138.545 2010=100 for Jun 2024.
• Japan Nominal Residential Property Price Index data is updated quarterly, averaging 104.327 2010=100 from Mar 1955 to Sep 2024, with 279 observations.
• The data reached an all-time high of 182.788 2010=100 in Mar 1991 and a record low of 2.212 2010=100 in Mar 1955.
• Japan Nominal 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 Nominal Residential Property Price Index: 2010=100: Quarterly.

Forecast: Real Estate Value Added in Japan 2022 - 2026 Discover more data with ReportLinker!

In November 2024, the preliminary residential property price index in Tokyo Prefecture in Japan stood at 168.5. The residential property price index comprises residential land, detached houses, and condominiums.

Forecast: Real Estate Contribution to Gross Value Added Growth in Japan 2022 - 2026 Discover more data with ReportLinker!

In 2023, the real estate sector accounted for 11 percent of the gross domestic product in Japan. In real terms, the GDP of the real estate industry increased by 1.3 percent.

Japan luxury residential real estate market size reached USD 34.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 60.8 Billion by 2033, exhibiting a growth rate (CAGR) of 6.18% during 2025-2033. Improved economic stability, along with the rising number of infrastructure projects, owing to the expanding travel and tourism sector, is primarily driving the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type.

Graph and download economic data for Real Private Residential Investment for Japan (JPNRGDPPRI) from Q1 1994 to Q4 2024 about Japan, investment, residential, private, and real.

Japan SPPI: Real Estate Services (RE) data was reported at 100.000 2010=100 in Jun 2018. This records an increase from the previous number of 99.800 2010=100 for May 2018. Japan SPPI: Real Estate Services (RE) data is updated monthly, averaging 96.600 2010=100 from Jan 2010 (Median) to Jun 2018, with 102 observations. The data reached an all-time high of 101.800 2010=100 in Jan 2010 and a record low of 93.100 2010=100 in Sep 2013. Japan SPPI: Real Estate Services (RE) data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I042: Service Producer Price Index (SPPI): 2010=100.

​Japan office real estate market size reached USD 20.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 31.55 Billion by 2033, exhibiting a growth rate (CAGR) of 3.87% during 2025-2033. The increasing emphasis on sustainability as well as environmental, social, and governance (ESG) initiatives, which lead to a greater demand for green and energy-efficient office spaces, is driving the office real estate market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on property type, rental model, and classification.

Key information about Japan Nominal Residential Property Price Index Growth

• Japan Nominal Residential Property Price Index Growth was reported at 3.455 % in Sep 2024.
• This records an increase from the previous number of 2.769 % for Jun 2024.
• Japan Nominal Residential Property Price Index Growth data is updated quarterly, averaging 3.083 % from Mar 1956 to Sep 2024, with 275 observations.
• The data reached an all-time high of 38.710 % in Sep 1961 and a record low of -6.432 % in Sep 2003.
• Japan Nominal Residential Property Price Index Growth 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 Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

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Residential Real Estate Market Size 2024-2028

The residential real estate market size is forecast to increase by USD 482.1 billion at a CAGR of 4.6% between 2023 and 2028.

The market is experiencing significant growth, driven by increasing demand from a growing population and urbanization trends. This demand is further fueled by marketing initiatives from real estate developers and agents, who are leveraging digital platforms and creative campaigns to attract buyers. However, regulatory uncertainty poses a challenge to market growth, with varying regulations and policies in different regions impacting investment decisions. For companies seeking to capitalize on market opportunities, it is essential to stay informed of regulatory changes and adapt strategies accordingly. Additionally, collaboration with local experts and partnerships with regulatory bodies can help navigate complex regulatory landscapes and ensure compliance. Overall, the market presents significant opportunities for growth, but requires a strategic approach to address regulatory challenges and effectively target demand. Companies that can navigate these challenges and adapt to local market conditions will be well-positioned to succeed in this dynamic market.

What will be the Size of the Residential Real Estate Market during the forecast period?

Request Free SampleThe market continues to exhibit activity, driven by strong economic fundamentals and population growth. In nominal terms, the market size reached an all-time high in the latest fiscal year, with discerning buyers demonstrating continued interest in spacious accommodations. However, macroeconomic headwinds, such as rising interest rates and inflation, pose challenges for some potential homebuyers. Economic factors, including GDP per capita and purchasing power, remain essential support for the housing market. Despite these conditions, property launches in the luxury residential sector have shown resilience, catering to the demand for high-end living spaces. Residential construction remains a critical component of the market, with new housing units being added to meet the growing demand for homes. Overall, the market is expected to remain a significant contributor to the economy, offering opportunities for both investors and homebuyers.

How is this Residential Real Estate Industry segmented?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. Mode Of BookingSalesRental/LeaseTypeApartments and condominiumsLanded houses and villasGeographyAPACChinaJapanNorth AmericaUSEuropeGermanyUKSouth AmericaMiddle East and Africa

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period.

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The Sales segment was valued at USD 896.60 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 54% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the Asia Pacific (APAC) region held the largest market share in 2023 and is anticipated to continue leading the market growth during the forecast period. Key drivers of this expansion include population growth and increasing purchasing power, leading to a in demand for spacious accommodations. Rapid urbanization and economic fundamentals, such as GDP per capita, have fueled the construction of new housing units, particularly in countries like India and China. Furthermore, domestic demand and foreign homebuyers have contributed to the unsold inventory overhang, creating investment opportunities in underconstruction properties. Despite these positive indicators, challenges persist, including affordability concerns and critical input costs. In the context of the US housing market, the residential real estate sector offers investment opportunities through traditional options, such as home ownership and rental cash flow, as well as low-risk methods, like investment portfolios. Key economic factors, such as interest rates and supply metrics, impact residential property prices, which may vary in real and nominal terms. The market is also influenced by changing consumer preferences, regulatory reforms, and technological transformation, including home automation and cutting-edge strategies.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holi

Japan SPPI: ECT: RE: Real Estate Rental data was reported at 97.200 2010=100 in Jun 2018. This records an increase from the previous number of 97.000 2010=100 for May 2018. Japan SPPI: ECT: RE: Real Estate Rental data is updated monthly, averaging 94.950 2010=100 from Jan 2010 (Median) to Jun 2018, with 102 observations. The data reached an all-time high of 101.800 2010=100 in Jan 2010 and a record low of 93.100 2010=100 in Sep 2013. Japan SPPI: ECT: RE: Real Estate Rental data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I042: Service Producer Price Index (SPPI): 2010=100.