The average price of newly built condominiums released nationwide in the last year was 51.15 million yen, exceeding 50 million yen for the first time.
With the spread of telecommuting due to the influence of the new coronavirus, demand for condominiums is increasing even in local cities.
According to a private research firm, Real Estate Economic Research Institute, the average price per unit of newly built condominiums released nationwide last year was 51.15 million yen, up 2.9% from the previous year.
The price has risen for the fifth consecutive year and has exceeded 50 million yen for the first time.
By region, the Tokyo metropolitan area reached a record high of 62.6 million yen, surpassing 1990 during the bubble economy, and the Kinki area reached a record high of 45.62 million yen, the third highest ever.
In addition, the price of Sapporo City is 50.26 million yen, which is 28.3% higher than the previous year, and the research company says that the demand for condominiums is increasing even in local cities, mainly for double-income households, while working from home is expanding due to the influence of the new corona. is.
Regarding the outlook for the future, the research company said, "While building materials and labor costs are rising, demand for condominiums is expected to remain stable, and prices may remain high."