Tokyo apartment asking prices in April 2018

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment across greater Tokyo was 36,040,000 Yen in April, down 0.4% from the previous month but up 1.2% from last year. The average building age was 23.4 years.

In Tokyo’s 23 wards the average asking price was 53,720,000 Yen, down 0.3% from the previous month but up 0.9% from last year. The average building age was 23.1 years. In Yokohama City, average asking prices are up 6.0% from last year, while Saitama City has seen average prices increase by 10.5%.

In central Tokyo’s six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average asking price was 74,480,000 Yen, down 0.1% from the previous month but up 2.0% from last year. The average building age was 21.5 years.

Source: Tokyo Kantei, May 24, 2018.

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