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.

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.

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 2024, the existing home sales index in Japan stood at ***** 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 new homes quickly depreciate. 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 ** 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.

In July 2025, the average price per square meter of existing condominium units sold in the Greater Tokyo Area in Japan amounted to ******* Japanese yen. This was the highest price per square meter in the observed period.

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 existing home sales index for single-family homes in Tokyo Prefecture in Japan stood at ***** index points, up by *** percent compared to the previous year.The existing home sales index 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.

In 2024, the average price per square meter of second-hand condominiums in the Greater Tokyo Area in Japan amounted to *** thousand Japanese yen. The resale price per square meter of condominiums in Greater Tokyo increased by *** percent compared to the previous year.

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.

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.

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.

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 March 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.

Japan - Commercial property price index, all properties, Tokyo

This dataset contains 500 entries of housing price data from various countries, regions, and cities worldwide, making it ideal for machine learning models and real estate market analysis. The dataset covers diverse geographic locations, including:

North America: USA, Canada, Mexico
Europe: Germany, France, UK, Italy, Spain
Asia: Japan, China, India, South Korea
Other Regions: Australia, Brazil, South Africa

Columns Included:

Country: The country where the house is located (e.g., USA, Japan, India).
State/Region: The state or region within the country (e.g., California, Bavaria).
City: The city where the property is located (e.g., Los Angeles, Tokyo).
Square Footage (SqFt): The size of the house in square feet (ranging from 500 to 5000 sq ft).
Bedrooms: The number of bedrooms in the house (ranging from 1 to 6).
Population Density: The population density of the area (people per sq km).
Price of House: The price of the house (in local currency, converted to USD where applicable).

This dataset can be used for:

Machine Learning Models: Training and evaluating models for house price prediction.
Market Analysis: Analyzing housing trends across different regions and countries.
Visualization: Creating insightful visualizations to understand price distributions and regional variations.

This dataset provides a balanced mix of geographic diversity and housing features for robust predictive modeling and analysis.

The Japan luxury residential real estate market, valued at approximately ¥3 trillion (assuming a market size "XX" in the millions translates to a similar value in Japanese Yen based on typical luxury property pricing) in 2025, exhibits robust growth potential with a CAGR exceeding 3.00%. This expansion is fueled by several key drivers: a burgeoning high-net-worth individual (HNWI) population seeking premium properties, increasing tourism boosting demand for luxury vacation homes, and a preference for larger, more luxurious residences among affluent Japanese citizens. Furthermore, strategic investments in urban renewal projects, particularly in major cities like Tokyo, Kyoto, and Osaka, are creating more desirable and expensive housing options. The market is segmented by property type (apartments/condominiums, villas/landed houses) and location, with Tokyo commanding the largest market share. However, the market faces certain restraints. Strict building regulations and land scarcity in prime locations limit supply, impacting affordability and potentially slowing growth. Economic fluctuations, both globally and domestically, also pose a risk to the market's trajectory. Despite these challenges, the long-term outlook remains positive, driven by the continuous influx of foreign investment, the ongoing revitalization of urban areas, and the enduring appeal of owning luxury properties in Japan, particularly in culturally significant cities. Major players like Mori Trust, Mitsubishi Estate, and Mitsui Fudosan are actively shaping the market through innovative projects and strategic acquisitions. The continued rise in demand combined with the inherent limitations of supply suggests this sector is poised for significant, though possibly moderated, growth over the next decade. 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.. Notable trends are: High Concentration of UHNWI in Tokyo Driving the Sales of Luxury Homes.

Japan TSE: Market Cap: 2nd Section: Real Estate data was reported at 175.796 JPY bn in Jun 2018. This records an increase from the previous number of 173.974 JPY bn for May 2018. Japan TSE: Market Cap: 2nd Section: Real Estate data is updated monthly, averaging 184.625 JPY bn from Jan 1990 (Median) to Jun 2018, with 342 observations. The data reached an all-time high of 864.170 JPY bn in Feb 1990 and a record low of 34.776 JPY bn in Aug 2012. Japan TSE: Market Cap: 2nd 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.

Japan Condominiums & Apartments Market size was valued at USD 71.9 Billion in 2024 and is expected to reach USD 108.5 Billion by 2032, growing at a CAGR of 4.6% from 2026-2032.

Japan Condominiums & Apartments Market Drivers

Tokyo and Major Cities: Japan's population is heavily concentrated in major urban centers, particularly Tokyo, Osaka, and Nagoya. This urbanization trend drives demand for condominiums and apartments due to limited land availability.

Migration from Rural Areas: Continued migration from rural areas to urban centers for employment and educational opportunities further fuels demand for urban housing.

Smaller Household Sizes: Japan's aging population and declining birth rates contribute to smaller household sizes, increasing demand for compact apartments and condominiums.

Elderly Housing Needs: The growing elderly population requires accessible and convenient housing options, driving demand for condominiums with amenities and services catering to seniors.

In 2023, the existing home sales index for condominiums in Tokyo Prefecture in Japan stood at *** index points, up by seven percent compared to the previous year.The existing home sales index 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.

In 2023, the total floor area of offices in Tokyo metropolis covered approximately **** thousand hectares. Since 2014, the office floor space in Japan's capital has increased by more than *** hectares.