Real estateReal Estate Price Index and Housing Overall Rose for 55 Consecutive Months

1182 min

On the 15th, the Ministry of Land, Infrastructure, Transport and Tourism announced the real estate price index for June 2019 (housing) and the second quarter (commercial real estate). The 10-year average of the index is 100.

The housing index for that month was 113.6 (up 1.5% year-on-year), increasing for 55 consecutive months. Residential land was 101.1 (up 0.3%) and detached houses were 101.7 (down 0.9%). Separately-owned condominiums were 145.5 (up 2.5%).

By urban area, the housing sector in the South Kantō Region was 116.3 (up 1.4%), residential land was 103.1 (down 1.3%), detached housing was 100.9 (down 3.1%), and condominiums were 141.5 (up 3.8%) . In the Nagoya area, the housing total was 108.2 (up 1.2%), residential areas were 95.1 (down 6.0%), detached houses were 105.4 (up 4.7%), and apartments were 148.9 (down 0.2%). As for the Keihanshin area, the housing total was 116.8 (up 0.3%), residential land was 109.3 (down 3.9%), detached houses were 100.9 (down 1.1%), and apartments were 148.9 (up 0.3%).

The housing total in Tokyo was 124.1 (up 0.4%), residential land was 103.9 (down 7.6%), detached houses were 106.8 (down 3.6%), and apartments were 146.6 (up 3.8%).

On the other hand, the real estate index for commercial property for the period from January to June was 121.9 (down 1.1%).