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Average price of new condominiums set new record high for 3 consecutive years

2020-02-20T16:34:51.731Z

The average price of newly built condominiums released nationwide last year was 47.87 million yen, a new high for the third consecutive year.



The average price of a newly-built condominium is a record high for three consecutive years.

The average price of newly built condominiums released nationwide last year was 47.87 million yen, a new high for the third consecutive year.

According to a private research firm, "Real Estate Economic Research Institute," the average price of newly built condominiums sold nationwide in the past year was 280,000 yen, a 0.6% increase from the previous year, to 47.87 million yen. Was.

This was the third consecutive year of record highs, mainly due to soaring labor costs due to labor shortages and rising material prices.

The average price by region is
▽ The Tokyo metropolitan area rose 1.9% to 59.8 million yen,
▽ The Kinki area rose 0.6% to 38.66 million yen.

Also, in major cities,
▽ Sendai City rose 5.7% to 45.77 million yen,
で は In Sapporo, it increased by 0.1% to 39.97 million yen.

On the other hand, in cities where there were many compact condominiums with relatively low prices, the average price fell.
▽ In Fukuoka City, it decreased by 1% to 39.68 million yen,
▽ Hiroshima City fell 10.5% to 39.54 million yen,
▽ Nagoya City was down 5.3% to 39.09 million yen.

Last year, the number of newly built condominiums sold nationwide decreased by 12% from the previous year to 70,660 units, the lowest level since 1976 for the first time in 43 years.

According to the Real Estate Economic Institute, "The labor shortage is continuing and labor costs are not decreasing, and it is also difficult to acquire condominium land. Condominium prices are likely to remain high."

Source: nhk

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