HOME > NATION > Article

Text Size

small

medium

large


Tokyo-Area Condo Price Hits 29-Year High in 2019

Tokyo-Area Condo Price Hits 29-Year High in 2019

   Tokyo, Jan. 22 (Jiji Press)--The average unit price of new condominiums put up for sale in the greater Tokyo area in 2019 hit a 29-year-high of 59.80 million yen, a private think tank said Wednesday.
   The average rose 1.9 pct from the previous year to stand at just below the record high of 61.23 million yen logged in 1990 when Japan was in the last phase of the so-called bubble economy, according to the Real Estate Economic Institute.
   The high average reflected rises in construction costs, including labor expenses, due to labor shortages.
   Sales of new condominiums in the Tokyo area may experience a downturn if prices rise further.
   The data covered condominiums newly launched in Tokyo and three neighboring prefectures--Kanagawa, Saitama and Chiba.

To read a full story, please click here to find out how to subscribe.

NATION

Aomori Tourism Information

HEADLINES

POLITICS
Putin Visits Large-Scale Indoor Theme Park in Moscow before Saturday Opening
ECONOMY
1,447 Post Office Workers in Japan Violated Rules in Selling Insurance Products
SPORTS
Super Rugby: Sunwolves' 2 Home Matches in Japan in March to Move Overseas
OTHER
Reconstruction Events at Shuri Castle in Japan's Okinawa Postponed due to Virus

Aomori Tourism Information

GOSHOGAWARA
Introduction of Tachineputa, Town of Kanagi and West Tsugaru Peninsula
・ GOSHOGAWARA 1
・ GOSHOGAWARA 2
・ GOSHOGAWARA 3
JOMON
An early culture with pottery
・ JOMON 1
・ JOMON 2
・ JOMON 3
・ JOMON 4

AFP-JIJI PRESS NEWS JOURNAL


Photos