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 rebounded strongly in 2025, exceeding pre-decline levels.
The GTA consists of Tokyo, Kanagawa, Saitama and Chiba prefectures.
Broken down by prefecture, Tokyo recorded a sharp rise to ¥88.46 million, up 31.1% year on year. The increase is attributed to steady demand from well-capitalized individuals and corporations, as well as more assertive pricing by sellers amid a strong seller’s market.
Average prices also rose in Kanagawa Prefecture to ¥39.58 million (up 8.9%), Saitama Prefecture to ¥30.06 million (up 3.3%), and Chiba Prefecture to ¥27.90 million (up 3.2%).
In the Greater Osaka (Kansai) region, the average price increased to ¥31.24 million, up 9.0% from a year earlier, marking a return to growth. Osaka Prefecture saw prices climb to ¥36.03 million (up 15.6%), while Hyogo Prefecture rose to ¥24.76 million (up 1.0%).
The Greter Nagoya (Chubu) region also returned to growth, with average prices rising to ¥23.15 million, up 3.3% year on year. In Aichi Prefecture, prices reached ¥24.44 million, representing a 3.0% increase from the previous year.
Further Reading:
Tokyo Kantei December 2025 Existing Condo Report (Japanese only; the report presents more granular information than that outlined above)
Source:
R.E. Port News (Japanese only)
