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Existing condo prices in Tokyo log first fall in 28 months
EXECUTIVE DISPATCH OVERVIEW
The average price of secondhand condos was up 24.1% year on year in the whole of Tokyo and 18.2% in the 23 wards.
โก STRATEGIC DISPATCH INTELLIGENCE
Algorithmic Synthesis & Sector Impact Matrix
PRIMARY SECTOR
Real Estate
GEOGRAPHY
Tokyo, Japan
ALERT / STATUS
Trend Reversal
SOURCE WIRE
Japan Times
Tokyo Real Estate Market Analysis
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Market Performance: Secondhand condo prices in Tokyo increased by 24.1% on a year-on-year basis.
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Regional Metrics: The 23 wards of Tokyo recorded an 18.2% year-on-year price increase for secondhand condos.
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Sector Trend: The headline data indicates a recent shift ending a 28-month trend of consecutive price increases.
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Data Scope: The statistics cover the broader Tokyo metropolitan area and specific central ward data.
Real Estate Sector Impact
๐น Tokyo Homeowners
Sellers face a cooling market as prices record their first decline in over two years.
๐น Property Investors
The end of the 28-month growth streak signals a potential pivot in capital appreciation expectations.
Tokyo Housing Market Q&A
What was the growth rate for condos in Tokyo's 23 wards? โพ
Condo prices in the 23 wards increased by 18.2% year on year.
How long did the previous price growth streak last? โพ
Prices had been rising for 28 consecutive months prior to this fall.
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