Official announcement of real estate price index (March 2023 and 1st quarter of 2023)

  • 30-06-2023
  • ["MoM"]

MoM basis real estate price index: 0.5% rise on housing, 1.6% rise on commercial.

【POINT】

  1. Housing real estate price index (March 2023.  Figure seasonally adjusted)

Nationwide general housing 134.3, MoM 0.5% increase 

Residential area 111.0(MoM 0.5% decrease), single family house 117,5(MoM 0.3% decrease), condominium 190.1(MoM 0.5% increase).

  1. Commercial real estate price index (1st quarter of 2023. Figure seasonally adjusted)

Nationwide general commercial real estate 134.2, QoQ 1.6% increase

Retail 147.9(QoQ 1.5% increase), office 157.3(QoQ 4.9% increase), Condominium/Apartment building 157.6(0.2% increase).  MLIT(Ministry of Land, Infrastructure, Transport and Tourism) recently announced the real estate price index (single house and commercial real estate).  General single house real estate figure seasonal adjustment MoM rose 0.5%, General commercial real estate figure seasonal adjustment MoM rose 1.6%.



Written by Tsuyoshi Hikichi