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  • Writer's pictureAdam German

Prices increase across all categories of residential income generating real estate

On January 4th, Kenbiya announced their market trends for residential income-generating properties with data updated to include December, 2023. 

Kenbiya is a Japan based property portal aggregate specializing in advertising income generating investment properties only.   The data presented is a nationwide average for trend illustration purposes only and shouldn’t be seen as a guarantee of any kind.  Always consult a licensed realtor for your specific needs.

Kenbiya compiled data on property prices and gross yields of residential income-generating real estate across three categories; strata title condos, wood frame multifamily, and reinforced concrete multifamily properties registered for sale on their website.


Courtesy of Kenbiya, translated by author.


The average price of strata title condos rose to ¥18.33 million, an increase of 3.79% compared to the previous month. However, the gross yield decreased to 6.79%, a decrease of 0.18 points.


The average price of wood frame multifamily properties continued to rise for the second consecutive month to ¥78.57 million, an increase of 0.18%.  Notably, average gross yields increased to 8.06%, an increase of 0.02 points.


Reinforced concrete multifamily prices surged, reaching an average of ¥180.25 million (a 5.27% increase).  That said, gross yields declined for the second consecutive month to 7.64% (a decrease of 0.06 points).


Further Reading:

Kenbiya Nationwide Average Residential Price vs Gross Yield report (Japanese only)

Kenbiya December 2023 JP
.pdf
Download PDF • 845KB

Source:

R.E. Port News (Japanese only)

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