Tokyo Metropolitan Area Housing Prices Rise for 11 Consecutive Quarters
Nomura Real Estate Solutions Co., Ltd. announced the results of its
“Housing Price Trends” survey for the Tokyo metropolitan area as of April 1, 2023, on April 6.
The fixed-point survey is conducted quarterly, with 169 survey points.
The average rate of change for the first quarter of 2023 in the Tokyo metropolitan area
housing prices was 0.7% (the same as the previous survey),
marking an increase for the 11th consecutive quarter.
The percentage of “price increase” points rose to 31.4% (from 30.8%),
“stable” points decreased to 65.7% (from 66.9%), and “price decrease” points increased to 3.0% (from 2.5%).
By area, all regions experienced an increase for the 11th consecutive quarter.
Tokyo’s 23 wards increased by 1.1% (from 1.3%), Tama area of Tokyo increased by 0.9% (from 0.5%),
Kanagawa increased by 0.5% (from 0.3%), Saitama increased by 0.6% (from 0.5%), and Chiba increased by 0.5% (from 0.7%).