Official announcement of the real estate price index (May 2023)

  • 10-09-2023
  • ["MoM"]

MoM basis property index: 0.7% drop on housing, 3.3 rise on commercial.

QoQ basis property index: 8.0% rise on office.

【POINT】

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

Nationwide general housing 134.7, MoM 0.7% decrease 

Residential area 111.1(MoM 1.2% increase), single family house 116,5(MoM 0.6% decrease), condominium 188.6(MoM 1.0% decrease).

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

Nationwide general commercial real estate 136.5, QoQ 3.3% increas

Retail 153.(QoQ 4.9% increase), office 162.6(QoQ 8.0% increase), Condominium/Apartment building 158.9(1.0% increase). 



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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 ddropped 0.7%, General commercial real estate figure seasonal adjustment MoM rose 3.3%

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Written by Tsuyoshi Hikichi