Tokyo used condo prices fall after 28 months as declines in central wards spread
6 Articles
6 Articles
Signs of change are beginning to appear in Tokyo's used condominium market, which had been experiencing a prolonged period of soaring prices. Real estate research firm Tokyo Kantei announced that the average asking price for used condominiums (calculated for 70 square meters) in August "declined for the first time in 28 months." Tokyo Kantei…
The price of used condominiums in Tokyo has fallen for the first time in 2 years and 4 months. According to Tokyo Kantei, a real estate research company, the average price per 70 square meters of used condominiums sold in Tokyo in August fell by 0.2% compared to the previous month, to 112.74 million yen. Tokyo has seen a decline for the first time in 28 months, and the 23 wards have also seen declines for the third consecutive month. In contrast…
Tokyo Kantei, a real estate research company, announced on the 24th the average price of used condominiums in August (calculated for 70 square meters). In Tokyo's 23 wards, the average price was 126.77 million yen, a 0.4% decrease from the previous month. This marks the third consecutive month of declines. The average price for Tokyo as a whole also fell 0.2% to 112.74 million yen.
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