Japan: Tokyo apartment asking prices increase for 23rd consecutive month

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According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in May 2016 was 34,520,000 Yen, up 0.7% from the previous month and up 15.1% from last year. The average building age was 22.2 years.

In the Tokyo metropolitan area, the average asking price was 47,640,000 Yen, up 0.5% from the previous month and up 15.7% from last year. This is the 23rd month in a row to record an increase in prices. The average building age was 21.8 years.

Read more on: japanpropertycentral.com

Source : Japan: Tokyo apartment asking prices increase for 23rd consecutive month