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The common gross sales worth of a newly constructed house within the metropolis of Osaka was ¥42,570,000 ($350,000 USD) in February 2022. This was a year-on-year improve of 12.2% and up 20.3% versus January.

The common gross sales worth per sq. meter was up year-on-year to ¥960,000 (+10.1% YoY).

For the Kansai area as a complete, the February common gross sales worth hit ¥44,330,000 ($364,000 USD), up 12.1% year-on-year, led by sturdy worth development within the cities of Kyoto, Kobe, and Osaka and the prefecture of Shiga.

The common gross sales worth per sq. meter for Kansai was up 8.2% year-on-year in February to ¥791,000. February was additionally the fourth consecutive month wherein the common worth per sq. meter has risen year-on-year within the area.

Knowledge for the Kansai area covers Osaka prefecture, the town of Osaka, Hyogo prefecture, the town of Kobe, Kyoto prefecture, the town of Kyoto, and Nara, Shiga, and Wakayama prefectures.

The principle takeaway from the February report is that purchaser demand is constant to remain sturdy regardless of rising costs. The contract fee for the Kansai area as a complete was 79.2%, properly above the 70% marketplace for three consecutive months. The contract fee is the variety of items contracted on the market divided by the variety of items supplied on the market. Seventy p.c is taken into account the dividing line between a vendor’s and purchaser’s market.

New stock stays very tight in western Japan. Kansai suppliers launched 1,378 newly constructed items on the market in February, a drop of 19.8% year-on-year. The March forecast is for a further 1,500 items to come back to market, which might be a year-0n-year lower of 19.0%.

Common Gross sales Value of an House in Kansai – By Metropolis & Prefecture

Right here is the breakdown of common gross sales costs by space for February 2022 in comparison with January 2022 and year-on-year.

Supply: Actual Property Financial Analysis Institute (不動産経済研究所)

Common Gross sales Value of an House in Kansai – By Metropolis & Prefecture

That is the breakdown of common gross sales costs per sq. meter by metropolis and prefecture for February 2022 in comparison with January 2022 and year-on-year.

For extra details about Osaka

Osaka living guide

Osaka average rent

Sakai Area Guide

Kyobashi Area Guide

Kansai New Condominium Market Report for January to June 2021

What can you buy in Osaka for $150,000 or less?

Osaka short-term apartments: Where to stay near Umeda

Osaka properties for sale

Osaka apartments for rent


Bilingual Brokers

The entire brokers who checklist properties on realestate.co.jp are bilingual in Japanese and English. Some brokers may deal with inquiries in Conventional Chinese language, Simplified Chinese language, and different languages. Please click on on the hyperlinks beneath to see their listings:


Sources:

REEI,  February 2022 Kansai New Condominium Market Developments Report (PDF in Japanese)

REEI, January 2022 Kansai New Condominium Market Developments Report (PDF in Japanese)

REEI, February 2021 Kansai New Condominium Market Developments Report (PDF in Japanese)

Lead photograph: Cherry blossoms in bloom close to Minami-Tenma Park, Osaka through iStock 1296163108

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