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

  • 27-08-2023
  • ["MoM"]

MoM basis property index: 0.4% rise on housing, 3.0% rise on commercial.

QoQ basis property index: 7.7% rise on office.

【POINT】

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

Nationwide general housing 134.9, MoM 0.4% increase 

Residential area 110.3(MoM 1.5% decrease), single family house 117,5(MoM 0.1% increase), condominium 192.0(MoM 1.4% increase).

  1. Commercial real estate price index (2nd quarter of 2023. Figure seasonally adjusted)

Nationwide general commercial real estate 136.1, QoQ 3.0% increase

Retail 152(QoQ 4.1% increase), office 162.1(QoQ 7.7% increase), Condominium/Apartment building 158.2(0.6% 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 0.4%, General commercial real estate figure seasonal adjustment MoM rose 3.0%.

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Written by Tsuyoshi Hikichi