New apartments in the Tokyo metropolitan area Low level for the first time in 45 years Average price rises March 16 at 16:59
The number of new condominiums released last month in the Tokyo metropolitan area was 35% lower than the same month last year, the lowest level in February since 1975 for the first time in 45 years. On the other hand, the average price per house was 6,536,000 yen, rising for the second consecutive month.
According to a real estate research institute, a private research firm, the number of newly built condominiums released in Tokyo, Kanagawa, Saitama and Chiba last month was 3488% lower than the previous year at 1,488 units.
This is the lowest level in February since 1975 for the first time in 45 years, and soaring apartment prices have made consumers more cautious in purchasing and difficult to secure good land near train stations. Is a factor.
On the other hand, the average price per unit increased by 3.9% from the same month last year to 65.36 million yen, rising for the second consecutive month due to soaring material prices and rising labor costs.
Of these, Tokyo increased 2.6% to ¥ 80.85 million in the 23 wards, while 2.6% fell to 52.49 million yen outside the 23 wards.
The average price per unit in Kanagawa increased by 2.4% to 56.47 million yen, Saitama increased by 8% to 5.302 million yen, and Chiba increased by 5.9% to 44.35 million yen.
According to the Real Estate Economic Institute, "The figures up to February do not show the effect of the spread of the new coronavirus, but if the economy cools down and consumers' willingness to purchase further slows down, real estate companies will reduce the number of units. It could be affected. "