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.

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 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 July 2024, the preliminary residential property price index for detached houses in Japan stood at 115.6 points. Apart from single-family homes, the residential property price index comprises residential land 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.

Japan JP: Standardised Price-Income Ratio: sa data was reported at 89.185 Ratio in 2023. This records an increase from the previous number of 87.364 Ratio for 2022. Japan JP: Standardised Price-Income Ratio: sa data is updated yearly, averaging 113.334 Ratio from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 163.015 Ratio in 1973 and a record low of 73.387 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.

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.

Japan Consumer Price Index (CPI): Housing: Rent: Fukushima-Shi data was reported at 99.000 2020=100 in Jan 2025. This stayed constant from the previous number of 99.000 2020=100 for Dec 2024. Japan Consumer Price Index (CPI): Housing: Rent: Fukushima-Shi data is updated monthly, averaging 91.600 2020=100 from Jan 1970 (Median) to Jan 2025, with 661 observations. The data reached an all-time high of 103.100 2020=100 in Feb 2007 and a record low of 21.900 2020=100 in Feb 1970. Japan Consumer Price Index (CPI): Housing: Rent: Fukushima-Shi data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I032: Consumer Price Index: Housing Rent: City: 2020=100.

In September 2024, the preliminary property price index for residential land in Japan stood at 117.6 points, up from 115.4 index points in the previous month. Apart from residential land, the residential property price index comprises detached houses and condominiums.

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.

CPI Housing Utilities in Japan increased to 102.90 points in May from 102.80 points in April of 2024. This dataset provides - Japan Cpi Housing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan Consumer Price Index (CPI): Tokyo: Housing: Rent data was reported at 96.800 2000=100 in Jul 2006. This stayed constant from the previous number of 96.800 2000=100 for Jun 2006. Japan Consumer Price Index (CPI): Tokyo: Housing: Rent data is updated monthly, averaging 82.800 2000=100 from Jan 1970 (Median) to Jul 2006, with 439 observations. The data reached an all-time high of 101.200 2000=100 in Sep 1999 and a record low of 29.300 2000=100 in Feb 1970. Japan Consumer Price Index (CPI): Tokyo: Housing: Rent data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I038: Consumer Price Index: Tokyo: 2000=100.

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.

Japan JP: Price to Rent Ratio: sa data was reported at 129.381 2015=100 in 2023. This records an increase from the previous number of 125.670 2015=100 for 2022. Japan JP: Price to Rent Ratio: sa data is updated yearly, averaging 125.299 2015=100 from Dec 1970 (Median) to 2023, with 54 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

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 %.

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.

Snapshot img

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.

Get a glance at the market report of share of various segments Request Free Sample

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.

For more insights on the market size of various regions, Request Free Sample

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 Consumer Price Index (CPI): Services: GS: Private House Rent: Wooden data was reported at 98.000 2010=100 in Dec 2016. This records a decrease from the previous number of 98.100 2010=100 for Nov 2016. Japan Consumer Price Index (CPI): Services: GS: Private House Rent: Wooden data is updated monthly, averaging 98.950 2010=100 from Jan 2010 (Median) to Dec 2016, with 84 observations. The data reached an all-time high of 100.100 2010=100 in Jun 2010 and a record low of 98.000 2010=100 in Dec 2016. Japan Consumer Price Index (CPI): Services: GS: Private House Rent: Wooden data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I010: Consumer Price Index: 2010=100.

Japan JP: House Price Index: Nominal: sa data was reported at 128.525 2015=100 in 2023. This records an increase from the previous number of 124.756 2015=100 for 2022. Japan JP: House Price Index: Nominal: sa data is updated yearly, averaging 101.299 2015=100 from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 173.879 2015=100 in 1991 and a record low of 6.373 2015=100 in 1960. Japan JP: House Price Index: Nominal: 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. Whole country; Seasonnally adjusted by OECD, using the X-12 ARIMA method; Residential property prices, sales of newly-built and existing dwellings, all types of dwellings The source for recent figures (from 2008Q2) is same as the OECD Residential Property Price Indices (RPPIs) - Headline indicators database. Previously, the used indicator is 'Urban Land Price Index - Nationwide' from Japan Real Estate Institute. Sales