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Tokyo, Saitama and Kanagawa prefectures saw continued decreases while Chiba prefecture reported the sole increase in executed sales contracts.
Brand new houses in Tokyo prefecture saw average prices rise above 40 million yen for the first time since June of 2019.
Custom home starts, rental starts, condo and subdivided house starts saw double digit increases.
Savills Investment Management joins industry peers to make the case for higher institutional inflows targeting Japan multifamily investments.
Average prices calculated for the Greater Tokyo Area registered the highest since January of 2017.
Japan’s nationwide sales listings decreased single digits while rental listings increased double digits for the month.
Tokyo ranks as 3rd best city to live when compared to global peers according to the report.
The Urban Land Institute and PricewaterhouseCoopers collaborated on the 16th edition of the forward looking report for the region.
Tokyo, Saitama and Kanagawa prefectures rise while Chiba remains unchanged from previous month.
October’s average rent per square metre rose above 3,300 JPY for the first time since tracking began.
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