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.

Graph and download economic data for Residential Property Prices for Japan (QJPN628BIS) from Q1 1955 to Q1 2025 about Japan, residential, HPI, housing, price index, indexes, and price.

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.

The Japan Office Real Estate Market Report is Segmented by Building Grade (Grade A, Grade B and More), by Transaction Type (Rental and Sales), by End Use (BFSI (Banking, Financial Services and Insurance) and More) and by City (Tokyo, Osaka and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Housing Index in Japan increased to 136.79 points in July from 134.33 points in June of 2025. This dataset provides - Japan Construction Starts - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

​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.

Japan luxury residential real estate market is valued at USD 35 billion, driven by high-net-worth individuals, foreign investments, and urban demand in Tokyo, Osaka, and Kyoto.

In the fiscal year 2024, the real estate industry in Japan generated sales of approximately **** trillion Japanese yen. Compared to the previous fiscal year, the sales revenue increased by *** percent.

Japan office real estate market valued at USD 77 billion, driven by urbanization, flexible workspaces, and sustainable buildings, with strong demand in Tokyo, Osaka, and Nagoya.

Snapshot img

Residential Real Estate Market Size 2025-2029

The residential real estate market size is valued to increase USD 485.2 billion, at a CAGR of 4.5% from 2024 to 2029. Growing residential sector globally will drive the residential real estate market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 55% growth during the forecast period.
By Mode Of Booking - Sales segment was valued at USD 926.50 billion in 2023
By Type - Apartments and condominiums segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 41.01 billion
Market Future Opportunities: USD 485.20 billion
CAGR : 4.5%
APAC: Largest market in 2023

Market Summary

The market is a dynamic and ever-evolving sector that continues to shape the global economy. With increasing marketing initiatives and the growing residential sector globally, the market presents significant opportunities for growth. However, regulatory uncertainty looms large, posing challenges for stakeholders. According to recent reports, technology adoption in residential real estate has surged, with virtual tours and digital listings becoming increasingly popular. In fact, over 40% of homebuyers in the US prefer virtual property viewings. Core technologies such as artificial intelligence and blockchain are revolutionizing the industry, offering enhanced customer experiences and streamlined processes.
Despite these advancements, regulatory compliance remains a major concern, with varying regulations across regions adding complexity to market operations. The market is a complex and intriguing space, with ongoing activities and evolving patterns shaping its future trajectory.

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

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Residential Real Estate Market Segmented and what are the key trends of market segmentation?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

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

Request Free Sample

The Sales segment was valued at USD 926.50 billion in 2019 and showed a gradual increase during the forecast period.

Request Free Sample

Regional Analysis

APAC is estimated to contribute 55% 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.

See How Residential Real Estate Market Demand is Rising in APAC Request Free Sample

The market in the Asia Pacific (APAC) region holds a significant share and is projected to lead the global market growth. Factors fueling this expansion include the region's rapid urbanization and increasing consumer spending power. Notably, residential and commercial projects in countries like India and China are experiencing robust development. The residential real estate sector in China plays a pivotal role in the economy and serves as a major growth driver for the market.

With these trends continuing, the APAC the market is poised for continued expansion during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

In the Residential Real Estate Market, understanding the impact property tax rates home values and effect interest rates mortgage affordability is essential for buyers and investors. Key factors affecting home price appreciation and factors influencing housing affordability shape market trends, while the importance property due diligence process and requirements environmental site assessment ensure informed decisions. Investors benefit from methods calculating rental property roi, process home equity loan application, and benefits real estate portfolio diversification. Tools like property management software efficiency and techniques effective property marketing help tackle challenges managing rental properties. Additionally, strategies successf

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]

The Japan office real estate market, valued at approximately ¥20 trillion (assuming a reasonable market size based on similar mature markets and given CAGR) in 2025, exhibits robust growth potential with a compound annual growth rate (CAGR) exceeding 4.00%. Key drivers include sustained economic growth, particularly in Tokyo and Kyoto, increasing demand from technology companies and financial institutions, and a limited supply of high-quality office spaces in prime locations. Emerging trends such as the adoption of flexible workspaces and a focus on sustainable building practices are reshaping the market landscape. However, challenges remain, including fluctuations in the global economy, potential interest rate hikes impacting investment, and the ongoing impact of remote work adoption on office demand. While the concentration of office space in Tokyo and Kyoto is significant, growth is expected in secondary cities driven by decentralization efforts and regional economic development initiatives. Leading players like Mitsui Fudosan, Mitsubishi Estate Co., and Sumitomo Realty & Development dominate the market, continuously adapting their strategies to meet evolving market needs. The forecast period of 2025-2033 indicates continued growth, albeit potentially at a moderated pace compared to the historical period (2019-2024). Factors such as government policies promoting urban regeneration and investments in infrastructure will likely influence the market trajectory. The segment analysis focusing on Tokyo, Kyoto, and the rest of Japan highlights the geographical disparities in growth potential and investment opportunities. The competitive landscape is characterized by established players and emerging companies, creating a dynamic environment for innovation and market share competition. Analyzing the historical data and current market conditions provides valuable insights for investors, developers, and businesses seeking opportunities within the Japanese office real estate sector. Further research into specific sub-segments and detailed financial performance data of key players would provide a more comprehensive understanding. Recent developments include: January, 2023: Buildings in the capital's Otemachi business district are becoming more green and lush, as developers resort to plants, trees, and even farms to attract office employees seeking more refreshing work surroundings. Mitsui & Co. and Mitsui Fudosan Co. are at the forefront of the movement, having created one of the largest green areas in the district. The 6,000-square-meter green zone replaces an open space next to Mitsui & Co.'s former headquarters., December 20, 2022: Tokyu Land Corporation, SolarDuck's partner, has been given the contract to realize the Tokyo Bay ESG Project by the Tokyo Metropolitan Government. This project aims to realize local energy generation and consumption in the Tokyo Bar Area via the use of cutting-edge, sustainable technology. Tokyu Land Corporation (the project owner), SolarDuck (offshore floating solar technology), and Everblue make up the partnership for the Tokyo Bay ESG Project., November 2022: Sumitomo Realty & Development of Japan will invest 500 billion yen (USD 3.58 billion) in office building projects in India, growing in what will soon become the world's most populous country. The corporation recently spent 35.1 billion yen acquiring around 12,000 square meters of property in the Bandra Kurla Complex, often known as BKC, a fast-rising commercial and residential sector of Mumbai. The location is one of BKC's major office development sites.. Notable trends are: Rise in Start-ups Driving the Market.

In the fiscal year 2024, the real estate securitization market in Japan was estimated at **** trillion Japanese yen. The estimated value of securitized real estate increased from **** trillion yen in the previous year.

In the fiscal year 2024, investment in plant and equipment of the real estate industry in Japan amounted to approximately *** trillion Japanese yen, up by **** percent compared to the previous year. The highest amount of investment within the surveyed period was recorded in fiscal year 2018.

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

Japan TSE: Market Cap: 1st Section: Real Estate data was reported at 13,845.773 JPY bn in Oct 2018. This records a decrease from the previous number of 14,658.028 JPY bn for Sep 2018. Japan TSE: Market Cap: 1st Section: Real Estate data is updated monthly, averaging 5,564.657 JPY bn from Jan 1990 (Median) to Oct 2018, with 346 observations. The data reached an all-time high of 19,420.746 JPY bn in May 2007 and a record low of 2,279.480 JPY bn in Apr 2003. Japan TSE: Market Cap: 1st Section: Real Estate data remains active status in CEIC and is reported by Japan Exchange Group. The data is categorized under Global Database’s Japan – Table JP.Z006: Tokyo Stock Exchange: Market Capitalization.

In 2023, the second-hand home market in Japan accounted for **** percent of the overall housing market. This was significantly lower than the share of the pre-owned home market in the United States, England, and France in 2023.

As of March 2024, Mitsui Fudosan was the leading real estate company in Japan, with a market capitalization of approximately *** trillion Japanese yen. Mitsubishi Estate ranked second with a market cap of about *** trillion yen.

Japan Office Real Estate Market size was valued at USD 21.6 Billion in 2024 and is projected to reach USD 30.3 Billion by 2032, growing at a CAGR of 4.2% from 2026 to 2032.

The Japan office real estate market is driven by economic growth, urbanization, and increasing demand for modern office spaces in key business districts. Tokyo, Osaka, and other major cities continue to attract domestic and international businesses, fueling demand for premium office properties. The rise of hybrid work models has led to a shift in office space utilization, with companies seeking flexible workspaces and smart offices equipped with advanced technology. Government initiatives promoting business expansion and foreign investments are also boosting office space demand. Additionally, sustainability trends and green building certifications are influencing office real estate developments, as businesses prioritize eco-friendly and energy-efficient workspaces. The post-pandemic recovery has revitalized leasing activities, particularly in sectors like finance, technology, and professional services. With continued investments in infrastructure, digital transformation, and workplace innovation, the Japan office real estate market is expected to experience steady growth in the coming years.