The average price per unit of new condominiums released in the Tokyo metropolitan area last year was 62.88 million yen, a record high for the second consecutive year.

According to the survey company "Real Estate Economic Research Institute", the average price per unit of newly built condominiums sold in the three prefectures of Tokyo, Kanagawa, Saitama and Chiba last year was 62.88 million yen. was 280,000 yen, or 0.4% higher.



The average price of condominiums in the Tokyo metropolitan area surpassed the highest price recorded in 1990 during the bubble period, but last year it rose further and hit a record high for the second year in a row.



Strong demand for housing, combined with recent increases in construction material prices, have pushed prices higher.



Regarding the outlook for this year's price, the research company predicts that construction costs will continue to rise, and the number of units sold in the 23 wards of Tokyo, where sales prices are high, is expected to increase. doing.



On the other hand, the average price of new condominiums last month in the Tokyo metropolitan area, which was announced at the same time, rose for the first time in two months to 55.56 million yen.