On April 1st, Kenbiya, a Japan based property portal focusing solely on advertising residential investment property, released market data for March of 2024.
The report compiles property advertising data on three types of residential income properties (strata title condos, wood frame whole buildings, and reinforced concrete multifamily whole buildings) newly registered on the portal each month from subscribed real estate firms.
The data focuses on nationwide average gross yield and property price trends, summarized below.
Graphs courtesy of Kenbiya, translated by Patience Realty
Strata Title Condo March 2024 Averages
Gross yield: 6.94% (up by +0.11 points from the previous period)
Price: ¥18.37 million (down by -5.06% from the previous period)
Wood Frame Whole Building March 2024 Averages
Gross yield: 8.04% (down by -0.01 points from the previous period)
Price: ¥79.84 million (up by +1.05% from the previous period)
Reinforced Concrete Multi Family Whole Building March 2024 Averages
Gross yield: 7.68% (down by -0.04 points from the previous period)
Price: ¥183.31 million (up by +4.88% from the previous period)
Further Reading:
Kenbiya March 2024 Nationwide Average Investment Real Estate Report (Japanese only)
