Gross sales of pre-owned freestanding homes within the better Tokyo space reached a report excessive of 14,732 items in 2021. That is based on the Actual Property Info Community Techniques (REINS) Japanese Japan’s market trends report for 2021.
The 2021 quantity was a rise of 4.5% in comparison with the 14,102 items bought in 2020 and was additionally the fourth yr in a row with consecutive gross sales will increase. All areas within the better Tokyo area noticed gross sales progress aside from Chiba prefecture.
Contracted gross sales costs had been additionally up 2021, with the typical gross sales costs reaching ¥35,240,000 ($275,000 USD), a rise of 10.2% in comparison with 2020 and the third consecutive yr of worth will increase in comparison with the earlier yr.
Gross sales worth progress was very sturdy throughout all areas of better Tokyo, with Chiba and Saitama prefectures and all areas in Kanagawa prefecture (aside from the cities of Yokohama and Kawasaki) seeing double-digit proportion worth will increase. The share of properties bought within the ¥20,000,000 and above worth vary additionally elevated.
The common measurement of a previously-owned dwelling bought in better Tokyo dropped by 1.5% to about 103.92-square meters and the typical lot measurement dropped by 5.0% to 142.13-square meters. The house bought was 21.12 years previous, primarily based on authentic date of building, in comparison with a mean age of 21.42 years in 2020.
In distinction, gross sales of newly constructed properties dropped by 21.6% in 2021 to about 4,600 items in Larger Tokyo. Nonetheless, the typical gross sales worth of a newly constructed dwelling additionally elevated by a double digit proportion enhance (+11.3% in comparison with 2020) to ¥39,770,000 ($310,000 USD) in 2021, the third consecutive yr of worth will increase in comparison with the earlier yr.
Transactions by Area
Listed below are the variety of items bought by prefecture and main metropolis.
Common Gross sales Value by Area
Listed below are the typical gross sales costs by prefecture and main metropolis.
Actual Property Info Community Techniques (REINS) Japanese Japan’s Greater Tokyo Region market trends report for 2021.
Lead picture: Aerial view of homes in historic Kamakura, Japan through iStock 587223990
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