HomeTag condominium

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The Ministry of Land, Infrastructure, Transport and Tourism released the real estate price index for July 2019 (housing) and the second quarter (commercial real estate) on October 30. The 10-year average of the index is 100. Good news for real estate owners: prices, especially for condominiums, continue to rise. The housing index was 113.6 (up 0.7% year-on-year), rising for 56 consecutive months. Residential areas were 101.8 (down 2.5%), detached houses were 101.3 (down 1.1%), and...

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The East Japan Real Estate Distribution Organization, also known as “Reins,” an organization that operates the central Japanese real estate database, announced a trend in the real estate distribution market in the Tokyo metropolitan area for the period from July to September 2019. The number of contracts for second-hand (already-existing) condominiums in the Tokyo metropolitan area was 9,406 (up 8.3% year-on-year), surpassing the previous year’s results for the fourth consecutive quarter. Q3 was the highest...