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Nago to See 55% Decrease in Rental Housing Starts in FY2025, Following a Waning of Demand for Jungle Apartments.
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According to a survey on rental trends for fiscal year 2025 released on the 21st by the Okinawa Bank Economic Research Institute (President: Hideki Kakihana), the average rent for used "2K to 2LDK" apartments remained at the same level as the previous year, while rents for new and other used apartment types increased compared to the previous year. Rental housing accounted for more than half of the total number of new housing starts (10,376 units…
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