Second-hand apartment transactions reach record high in 2016

REINS released their annual report on transaction data for greater Tokyo in 2016. The key points from the report are:

Second-hand apartments:

  • Transactions increased for the second year in a row and reached a record high.
  • Average sale price exceeded 30 million Yen for the first time in 22 years.
  • Average sale prices per square meter increased for the fourth year in a row.

 

Second-hand houses:

  • Transactions increased for the second year in a row and reached a record high.
  • Both land and house sizes have decreased, while the average building age has increased.

 

New houses:

  • Transactions have increased for the second year in a row.
  • The average sale price has increased for the fist time in two years.

 

Land:

  • Transactions increased for the second year in a row and reached a record high.
  • The average sale price has increased for the first time in three years.

Second-hand apartment market in 2016

37,189 second-hand apartments were reported to have sold in greater Tokyo in 2016, up 6.9% from 2015 and a record high. Transactions increased in all regions in the greater Tokyo area. Tokyo’s 23 wards saw a double-digit increase.

The average sale price was 30,490,000 Yen, up 5.4% from 2015 and the first time since 1994 that the price has exceeded 30 million Yen. The average sale price per square meter was 479,200 Yen, up 5.9% from 2015 and the fourth year in a row to record an increase.

The average apartment size was 63.63 sqm, down 0.4% from 2015. The average building age was 20.26 years, slightly older than an average of 20.13 years in 2015.

Second-hand house market in 2016

13,195 second-hand houses were sold across greater Tokyo, up 8.6% from 2015 and a record high. All regions except for Kawasaki saw an increase in transactions from 2015.

The average sale price was 30,300,000 Yen, up 0.6% from 2015.

The average land size was 149.12 sqm (down 0.6% from 2015) and the average house size was 105.96 sqm (down 0.4% from 2015). The average building age was 20.60 years, up from an average of 20.60 years in 2015.

The number of new listings in 2016 was down 7.0% from 2015.

New house market in 2016

5,245 new houses were sold, up 10.7% from 2015 and the second year in a row to see an increase. All regions except for Kawasaki saw an increase in transactions from 2015.

The average sale price was 35,220,000 Yen, up 3.1% from 2015 and the first time in two years to see an annual increase.

The average land size was 119.09 sqm (up 1.1% from 2015) and the average house size was 98.43 sqm (up 0.5%).

Residential land market in 2016

6,148 blocks of land (between 100 ~ 200 sqm in size) were sold in greater Tokyo, up 8.6% from 2015 and the second year in a row to record an increase. This was also a record high, beating a previous record of 5,661 transactions in 2015. Transactions were up in all regions in greater Tokyo.

The average sale price was 193,000 Yen/sqm, up 1.2% from 2015 and the first time in three years to record an increase.

The number of new listings was down 10.4% from 2015 and the first time in six years to see a decline.

Source: REINS, January 23, 2017.

3kovra.com.ua

3kovra.com.ua

https://3kovra.com.ua