Appreciation of Japanese Second Hand Condominium Over the Last 17 Years
Appreciation of Japanese Second Hand Condominium: Kyoto’s Higashiyama Ward recorded the highest price increase over the last 17 years with the 109% hike, surpassing Tokyo’s central district. Tokyo Kantei, a real estate market research agency, reported the difference of current second hand condominium price with the lowest price from 1998 to 2008. The second was Naniwa Ward in Osaka, followed by Minato Ward in Tokyo.
Price (in JPY 1M) per Tsubo (1 Tsubo – 3.3SQM)
|Rank||Area||Lowest Price Bet. 1998-2008||Price in 2015||Rise in %|
Photo: Greir / Shutterstock.com