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Rising prices still point to supply shortage and not decreased buyer demand as the main reason for the decline.
Highlights from the Jones Lang LaSalle report released September of 2021.
According to data released by major Japanese property portal SUUMO.
According to AtHome survey results from homeowners living in theirs for over 30 years.
Tokyoites need to work longer before they can afford to buy a property according to the report.
REthink Tokyo has compiled data illustrating land pricing trends from 2000 to 2021.
REthink Tokyo has compiled transaction data from REINS, Japan’s agent access only MLS system.
Monthly year-on-year data shows contracting inventory with strong buyer demand continues to drive prices per square metre higher.
While prefectural overall starts declined, Chiyoda, Minato and Chuo saw a significant increase.
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