NEWS
Japan Apartment Rent Prices Index For 2014Q4
Apartment rent price in Tokyo showed a moderate increase over the past year, while the Osaka’s figure stayed consistent with the year before.
At Home and Sumitomo Mitsui Trust Research Institute jointly produced a quarterly rental index for major cities of Japan – citing 2009 Q1 figure as a benchmark. (100).
Related: Tokyo Condos Rental Price on Rise
2014 Q4 figures are as follows.
2009 Q1 = 100 | 2014 Q4 | Relative t0 2014 Q3 | Relative t0 2013 Q4 | Relative t0 2012 Q4 |
Inner Tokyo(23 Ward) | 100.92 | -0.07 | 2.35 | 4.55 |
Outer Tokyo(16 shi/city) | 96.10 | 0.15 | 1.07 | 0.95 |
Inner Osaka | 104.93 | 0.61 | 0.00 | -2.53 |
Activities from 2009Q1 – ever since the index was incepted, Tokyo saw a consistent decline of the index (below 100). It was only 2014 Q1 when the index for Inner Tokyo reached above 100. The greater Tokyo’s figure has been stagnant – now showing any sign of recovery.
(Graph from the press release)
The inner Osaka’s index has been consistent over the 5 years. But the greater Osaka’s figure remains below 100 for the last 5 years.
Related: Property Prices in Tokyo and Osaka Saw Moderate Growth
(Graph from the press release)
Related: Trend Watch: Tokyo’s Housing Market and Population Rise