Tokyo Housing Snapshot

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Tokyo residential prices have increased from CY 2014- CY 2016 but factors like polarization, high vacancy rates, declining population have led to sharp decline in prices and sales in some prefectures around the Tokyo Metropolitan Region.

Central Tokyo has a rising population and there is strong demand for luxury apartments. 1084 apartments priced over 100 million yen were sold in CY 2017 in the Greater Tokyo region, which is a 51.6% increase YoY. Also with the increase in double household incomes, couples living in these regions prefer shorter commute distances to work.