Japan income properties see price gains and declining yields in Q2 2025 says Kenbiya
- Adam German
- 2 days ago
- 2 min read
Kenbiya released their Q2 2025 report on Japan’s residential income property market on July 10.
The report tracks average asking prices and gross investment yields of income-generating properties listed on Kenbiya’s property portal website dedicated to listing only income-earning real estate.
The price and yield data below are averages and is presented to illustrate trends. The data in no way guarantees price or rent levels. Real estate is a hyper-local venture, so always consult a licensed realtor for your property specific needs.
Q2 2025 Nationwide Average Price and Yield Trends
Chart courtesy of Kenbiya’s press release, linked at the bottom of this article.
Strata-Title Condos: The average gross yield for strata-title condos edged down to 6.62%, a 0.08 percentage point decline from the previous quarter. Meanwhile, the average asking price rose 4.07% to ¥22.74 million - the first quarterly increase in three periods.
Wood-Frame Apartment Buildings: Yields for wood-frame multi-family buildings fell to 7.99%, down 0.13 points quarter-on-quarter. Prices rose for the fourth consecutive quarter, climbing 3.89% to ¥82.84 million.
Multi-Family RC Buildings: Yields for RC multifamily whole buildings dropped 0.18 points to 7.51%. Average asking prices increased for the second straight quarter, rising 1.14% to ¥185.21 million.
Q2 2025 Greater Tokyo Area Snapshot
The Greater Tokyo Area, encompassing Tokyo, Kanagawa, Chiba, and Saitama prefectures, saw average yields lower than the national averages - reflecting its status as a more competitive and capital-intensive market:
Strata-Title Condos: Gross yields averaged 6.03%, down from 6.11% in the previous quarter, while average prices climbed to ¥26.46 million, a new high for the region.
Wood-Frame Apartment Buildings: Yields fell to 7.32%, compared to 7.44% in Q1. Prices surged to ¥89.49 million, significantly higher than the national average.
Multi-Family RC Buildings: Yields declined to 6.55% from 6.67% in the previous quarter. Average asking prices remained stable at ¥207.98 million, reflecting sustained demand despite tightening yields.
Further Reading:
Kenbiya Q2 2025 Japan Income Earning Residential Property Report (Japanese only; contains more granular geolocation data for Japan’s major population areas than that outlined above)
Source:
R.E. Port News (Japanese only)
