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Forty percent of Japan condominium stock is now over thirty years old
Tokyo Kantei released the results of its analysis of condominium housing stock nationwide on January 29th. The survey counted every condominium unit that had been built and still exists as of December 31, 2025. This includes unsold units and shared spaces such as meeting rooms that are legally registered as part of a condominium. Buildings that had already been torn down were excluded. Wix AI image using the prompt "Japan condominiums" using a Fantasy filter. All rights rese

Adam German
Jan 302 min read


Inside the forces reshaping the Japanese yen and domestic markets
The Japanese yen is moving again, and its swings are starting to affect everyday headlines as well as global markets. As government warnings, rising prices, and shifting economic policy collide, the ripple effects are being felt across stocks, bonds, and consumer spending. The below Bloomberg Daybreak Asia podcast from January 26th discusses these topics with Kei Okamura of Neuberger Berman. Topics Covered Yen Strengthening and Intervention Speculation: The yen’s move to a fi

Adam German
Jan 292 min read


Greater Tokyo existing condo prices post double digit growth in 2025
Tokyo Kantei announced on January 22nd the average prices of existing condominiums in Japan’s three major metropolitan areas and key cities for the full year 2025, calculated on a standard 70-square-meter basis. Chart courtesy of Tokyo Kantei, edited by Patience Realty. In 2025, the average price of existing condominiums in the Greater Tokyo Area (GTA) surged to ¥57.96 million, up 22.1% from the previous year. After posting a 1.1% year-on-year decline in 2024, prices rebounde

Adam German
Jan 281 min read


Greater Tokyo existing condo sales rise for 14 straight months
Sales of existing condominiums in the Greater Tokyo Area (GTA) continued to increase in December, marking the 14th consecutive month of year-on-year growth, according to data released by the East Japan Real Estate Information Network on January 13th. The GTA consists of Tokyo, Chiba, Saitama and Kanagawa prefectures. A total of 3,975 existing condominiums were sold during the month, representing a 25.9% increase compared with December last year. Graph courtesy of East Japan R

Adam German
Jan 142 min read


Tokyo plans zoning incentives to boost affordable rental housing
On January 11th, the Nikkei Shimbun reported that the Tokyo Metropolitan Government plans to introduce a new system as early as fiscal 2026 to encourage private developers to supply rental housing at below-market rates, responding to sharp rent increases in central Tokyo. Under the proposed framework - believed to be the first of its kind in Japan - floor-area ratios (FARs) for condominiums and mixed-use developments would be relaxed in exchange for offering rents set at roug

Adam German
Jan 133 min read


Japanese real estate associations open new year with focus on sustainable cities
The Real Estate Association of Japan and the Real Estate Transaction Promotion Center (FRK), two major industry bodies representing Japan’s property sector, held a joint New Year’s reception on the 7th at The Okura Tokyo, a landmark hotel in central Tokyo. The event was attended by real estate executives, members of Japan’s national parliament, and representatives from related industries. Junichi Yoshida, Chairman of both the Real Estate Association of Japan and Mitsubishi Es

Adam German
Jan 92 min read


Tokyo homebuyers turn further to existing condos as new build prices soar
On December 27th, the Nikkei Shimbun reported that the average asking price of existing condominiums aged between 20 and 25 years in Tokyo’s 23 wards reached an average of ¥102.01 million in 2025, calculated on a 70-square-meter basis according to real estate information provider LIFULL. Photo by Jaison Lin on Unsplash The surge in housing prices is increasingly being viewed as a social issue, with the term “Oku-sion”, a portmanteau of the words “Oku”, meaning 100 million ye

Adam German
Jan 82 min read


Could 2026 be the year the yen surprises to the upside
On January 5, Nicholas Smith of CLSA joined Asia Trade on Bloomberg to discuss what 2026 could hold for the Japanese yen against the US dollar. In the conversation, Smith explains why the yen may be approaching an inflection point, pointing to shifting global interest rate dynamics and Japan’s vast overseas investment exposure as potential catalysts for a sharper-than-expected appreciation. For those viewing today’s weak yen as an incentive to purchase Japanese property, the

Adam German
Jan 71 min read


Flat 35 typical mortgage rate for loan terms over 21 years hits 2 percent
On January 5 th , the Japan Housing Finance Agency announced interest rates to be applied in January 2026 for Flat 35 fixed-rate mortgages offered through participating financial institutions. The Japan Housing Finance Agency is a government-affiliated incorporated administrative agency that supports long-term housing finance. Its Flat 35 program offers fixed-rate home loans through private lenders, with interest rates set for the full repayment period. Photo by Anastassia An

Adam German
Jan 61 min read

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