Market News

MLIT released its 2019 January’s real estate price index (housing and commercial real estate) and its quarter real estate price index (commercial real estate).  The number is based on an average of 100 in 2010.

 

  According to this index; January’s nationwide housing total was 117.2 (previous 110.8), a 4.4% increase compared to the same period of the previous year, the number resulted in a continuous 50 months rise from the year-earlier month.  Residential areas 104.1(previous 99.3), single-family houses 105.6(previous 100.5), and condominiums 147.4(previous 143.9).  All has risen compared to the same month last year.

 

  By prefecture, Tokyo housing total was 128.0 (+4.3% increase year-on-year), residential areas 116.8(+4.6%), single family houses 109.1(+2.0%), condominiums 146.1(+3.5%).  Osaka housing total 120.6(+3.7%), residential areas 102.0(-5.5%), single-family houses 107.5(+4.2%), condominiums 149.1(+4.4%).

 

  Furthermore, the nationwide fourth quarter commercial real estate comprehensive was 120.4(previous quarter 124.2).  Retails 140.3(previous 138.9), offices 136.0(previous 143.7), condominium/apartment buildings 131.9(previous 135.9).

 

 

 

 News source: MLIT (Ministry of Land, Infrastructure, Transport and Tourism)