Housing Index in Japan increased to 140.54 points in September from 137.89 points in August of 2025. This dataset provides - Japan Construction Starts - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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

Graph and download economic data for Real Residential Property Prices for Japan (QJPR628BIS) from Q1 1955 to Q2 2025 about Japan, residential, HPI, housing, real, price index, indexes, and price.

Residential Property Prices in Japan increased 3.56 percent in June of 2025 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 3.4% YoY in Aug 2025, following an increase of 4.7% YoY in the previous month.
• YoY growth data is updated monthly, available from Apr 2009 to Aug 2025, with an average growth rate of 1.3%.
• 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 - Commercial property price index, all properties, Tokyo

Japan Home Price Index: Used Condominium: Tokyo data was reported at 99.470 Jan2000=100 in Aug 2018. This records an increase from the previous number of 98.690 Jan2000=100 for Jul 2018. Japan Home Price Index: Used Condominium: Tokyo data is updated monthly, averaging 91.150 Jan2000=100 from Jun 1993 (Median) to Aug 2018, with 303 observations. The data reached an all-time high of 190.670 Jan2000=100 in Jun 1993 and a record low of 79.710 Jan2000=100 in Jan 2005. Japan Home Price Index: Used Condominium: Tokyo data remains active status in CEIC and is reported by Japan Real Estate Institute. The data is categorized under Global Database’s Japan – Table JP.EB013: Home Price Index.

In 2025, the average land price in Tokyo Prefecture stood at about *** million Japanese yen per square meter. The average land price is based on land price surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism and prefectural governments in January and July each year.Average land prices in JapanAverage land prices in Japan showed an upward trend in recent years that was interrupted during the coronavirus pandemic. Partly due to the ongoing depopulation trend in many rural areas, land prices tend to be significantly higher in the more urban areas. Among all the prefectures in Japan, ***** had the highest average official land prices, followed by ***** and *****. The buildings with the highest commercial land prices in Japan were all located in the ************.The situation in TokyoWithin Tokyo, the wards Chiyoda, Chuo, Minato, Shibuya, and Shinjuku form the central business district, which is marked by particularly high rents and low vacancy rates. Among the 23 wards of the city, **** had the highest standard land price in 2025. The ward lies to the east of Tokyo Station and encompasses Ginza, which is one of the country’s most expensive shopping areas. Japan’s booming tourism industry, as well as rebuilding and redevelopment projects, and increased interest from overseas investors, have been some of the factors contributing to rising land prices in Tokyo’s commercial areas.

Stock Price Time Series for Japan Real Estate Investment Corp. Japan Real Estate Investment Corporation (the "Company") was established on May 11, 2001 pursuant to Japan's Act on Investment Trusts and Investment Corporations ("ITA"). The Company was listed on the real estate investment trust market of the Tokyo Stock Exchange ("TSE") on September 10, 2001 (Securities Code: 8952). Since its IPO, the size of the Company's assets (total acquisition price) has grown steadily, expanding from 92.8 billion yen to 1,167.7 billion yen as of March 31, 2025. Over the same period, the Company's portfolio has also increased from 20 properties to 77 properties. During the March 2025 period (October 1, 2024 to March 31, 2025), the Japanese economy continued to demonstrate a gradual recovery, despite some lingering stagnation in capital investment and personal consumption due to inflation and other factors. On the other hand, given the policy rate hikes by the Bank of Japan, the shift in global interest rates to a lowering phase, the impact of U.S. policy trends, such as trade policy and other factors, interest rate trends, overseas political and economic developments, and price trends, including resource prices, will continue to bear watching. In the office leasing market, demand continues to grow for leases driven by business expansion and relocations aimed at improving location. As a result, the vacancy rate in central Tokyo continues to decline gradually. In addition, rent levels are rising at an accelerating rate. In light of the prevailing conditions in the leasing market, the Company is striving to attract new tenants through strategic leasing activities and to further enhance the satisfaction level of existing tenants by adding value to its portfolio properties with the aim of maintaining and improving the occupancy rate and realizing sustainable income growth across the entire portfolio. In the real estate trading market, despite the Bank of Japan normalizing its monetary policy, the appetite for property acquisition among both domestic and foreign investors remains firm, backed ma

Japan Urban Land Price Index: NC: Metro Tokyo: Residential data was reported at 34.900 31Mar1990=100 in Mar 2002. This records a decrease from the previous number of 35.400 31Mar1990=100 for Sep 2001. Japan Urban Land Price Index: NC: Metro Tokyo: Residential data is updated semiannually, averaging 50.600 31Mar1990=100 from Mar 1985 (Median) to Mar 2002, with 35 observations. The data reached an all-time high of 118.400 31Mar1990=100 in Sep 1987 and a record low of 34.900 31Mar1990=100 in Mar 2002. Japan Urban Land Price Index: NC: Metro Tokyo: Residential data remains active status in CEIC and is reported by Japan Real Estate Institute. The data is categorized under Global Database’s Japan – Table JP.EB016: Urban Land Price Index: 31Mar1990=100.

Begin-Period-Cashflow Time Series for Japan Real Estate Investment Corp. Japan Real Estate Investment Corporation (the "Company") was established on May 11, 2001 pursuant to Japan's Act on Investment Trusts and Investment Corporations ("ITA"). The Company was listed on the real estate investment trust market of the Tokyo Stock Exchange ("TSE") on September 10, 2001 (Securities Code: 8952). Since its IPO, the size of the Company's assets (total acquisition price) has grown steadily, expanding from 92.8 billion yen to 1,167.7 billion yen as of March 31, 2025. Over the same period, the Company's portfolio has also increased from 20 properties to 77 properties. During the March 2025 period (October 1, 2024 to March 31, 2025), the Japanese economy continued to demonstrate a gradual recovery, despite some lingering stagnation in capital investment and personal consumption due to inflation and other factors. On the other hand, given the policy rate hikes by the Bank of Japan, the shift in global interest rates to a lowering phase, the impact of U.S. policy trends, such as trade policy and other factors, interest rate trends, overseas political and economic developments, and price trends, including resource prices, will continue to bear watching. In the office leasing market, demand continues to grow for leases driven by business expansion and relocations aimed at improving location. As a result, the vacancy rate in central Tokyo continues to decline gradually. In addition, rent levels are rising at an accelerating rate. In light of the prevailing conditions in the leasing market, the Company is striving to attract new tenants through strategic leasing activities and to further enhance the satisfaction level of existing tenants by adding value to its portfolio properties with the aim of maintaining and improving the occupancy rate and realizing sustainable income growth across the entire portfolio. In the real estate trading market, despite the Bank of Japan normalizing its monetary policy, the appetite for property acquisition among both domestic and foreign investors remains firm, backed ma

In 2023, the average size per dwelling in Japan was ***** square meters. When broken down by prefecture, ****** stood out as the prefecture with the largest average floor area per housing unit, while ***** had the smallest average floor area in the same year. Real estate in Japan The real estate industry is an important pillar of the Japanese economy and ranked as the third-largest industry in Japan in terms of value added in 2022. Despite this, the number of unoccupied dwellings in Japan has been steadily increasing for over thirty years. Many unoccupied homes are empty and abandoned. This trend can be attributed to two primary factors: the aging of the population and the challenges faced by empty house owners in managing and utilizing properties, as most of these homes are either managed by older individuals or family inheritance. Housing in Tokyo The monthly residential property price index in Tokyo Prefecture has experienced a significant upward trend in the past years. Tokyo holds the largest population in Japan, with approximately ** million inhabitants, making it the world’s largest urban agglomeration. The city’s appeal lies in its many renowned universities and corporate headquarters, which draws migrants from other prefectures, particularly young individuals. However, Japan is currently experiencing an investment boom in real estate, fueled by overseas investment. This has resulted in central Tokyo apartments becoming less affordable for many people.

Key information about Japan Gold Production

• Japan Real Residential Property Price Index was reported at 121.828 2010=100 in Jun 2025.
• This records a decrease from the previous number of 124.004 2010=100 for Mar 2025.
• Japan Real Residential Property Price Index data is updated quarterly, averaging 179.103 2010=100 from Mar 1955 to Jun 2025, with 282 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]

Price to Rent Ratio in Japan decreased to 136.40 points in the second quarter of 2025 from 136.90 points in the first quarter of 2025. This dataset includes a chart with historical data for Japan Price to Rent Ratio.

We analyze the impact of short-run (90 days) and long-run (30 years) earthquake risk on real estate transaction prices in five Japanese cities (Tokyo, Osaka, Nagoya, Fukuoka, and Sapporo), using quarterly data over the period 2006–2015. We exploit a rich panel dataset (331,343 observations) with property characteristics, ward attractiveness information, macroeconomic variables, and long-run seismic hazard data, supplemented with short-run earthquake probabilities generated from a seismic excitation model using historical earthquake occurrences. We design a hedonic property price model that allows for subjective probability weighting, employ a multivariate error components structure, and develop associated maximum likelihood estimation and variance computation procedures. Our approach enables us to identify the total compensation for earthquake risk embedded in property prices, to decompose this into pieces stemming from short-run and long-run risk, and to distinguish between objective and subjectively weighted (“distorted”) earthquake probabilities. We find that objective long-run earthquake probabilities have a statistically significant negative impact on property prices, whereas short-run earthquake probabilities become statistically significant only when we allow them to be distorted. The total compensation for earthquake risk amounts to an average –2.0% of log property prices, slightly more than the annual income of a middle-income Japanese household. Supplementary materials for this article, including a standardized description of the materials available for reproducing the work, are available as an online supplement.

Japan Home Price Index: Used Condominium: Composite of Tokyo Metro data was reported at 90.890 Jan2000=100 in Aug 2018. This records an increase from the previous number of 90.400 Jan2000=100 for Jul 2018. Japan Home Price Index: Used Condominium: Composite of Tokyo Metro data is updated monthly, averaging 86.370 Jan2000=100 from Jun 1993 (Median) to Aug 2018, with 303 observations. The data reached an all-time high of 194.300 Jan2000=100 in Jun 1993 and a record low of 76.370 Jan2000=100 in Aug 2012. Japan Home Price Index: Used Condominium: Composite of Tokyo Metro data remains active status in CEIC and is reported by Japan Real Estate Institute. The data is categorized under Global Database’s Japan – Table JP.EB013: Home Price Index. For data point of 2014 Nov onwards, data is published by the Japan Real Estate Institute (JREI). For data point before that, it is published by the Tokyo Stock Exchange (TSE). Base year and methodology remain the same.

Pretax-Margin Time Series for Japan Real Estate Investment Corp. Japan Real Estate Investment Corporation (the "Company") was established on May 11, 2001 pursuant to Japan's Act on Investment Trusts and Investment Corporations ("ITA"). The Company was listed on the real estate investment trust market of the Tokyo Stock Exchange ("TSE") on September 10, 2001 (Securities Code: 8952). Since its IPO, the size of the Company's assets (total acquisition price) has grown steadily, expanding from 92.8 billion yen to 1,167.7 billion yen as of March 31, 2025. Over the same period, the Company's portfolio has also increased from 20 properties to 77 properties. During the March 2025 period (October 1, 2024 to March 31, 2025), the Japanese economy continued to demonstrate a gradual recovery, despite some lingering stagnation in capital investment and personal consumption due to inflation and other factors. On the other hand, given the policy rate hikes by the Bank of Japan, the shift in global interest rates to a lowering phase, the impact of U.S. policy trends, such as trade policy and other factors, interest rate trends, overseas political and economic developments, and price trends, including resource prices, will continue to bear watching. In the office leasing market, demand continues to grow for leases driven by business expansion and relocations aimed at improving location. As a result, the vacancy rate in central Tokyo continues to decline gradually. In addition, rent levels are rising at an accelerating rate. In light of the prevailing conditions in the leasing market, the Company is striving to attract new tenants through strategic leasing activities and to further enhance the satisfaction level of existing tenants by adding value to its portfolio properties with the aim of maintaining and improving the occupancy rate and realizing sustainable income growth across the entire portfolio. In the real estate trading market, despite the Bank of Japan normalizing its monetary policy, the appetite for property acquisition among both domestic and foreign investors remains firm, backed ma

Rent Inflation in Japan increased to 0.40 percent in October from 0.30 percent in September of 2025. This dataset includes a chart with historical data for Japan Rent Inflation.

In March 2024, the average monthly rent for one-room apartments in the Greater Tokyo Area in Japan amounted to around **** thousand Japanese yen. The average rent for 2LDK to 3DK apartments increased to ***** thousand yen per month. 2LDK is a Japanese real estate term that describes an apartment with a living, dining, and kitchen area and two separate rooms.