The average revenue value of a newly built condominium in the town of Osaka was ¥42,570,000 ($350,000 USD) in February 2022. This was a year-on-yr improve of 12.2% and up 20.3% vs . January.
The average profits selling price for each sq. meter was up 12 months-on-yr to ¥960,000 (+10.1% YoY).
For the Kansai region as a entire, the February average revenue price tag strike ¥44,330,000 ($364,000 USD), up 12.1% calendar year-on-12 months, led by solid price tag growth in the towns of Kyoto, Kobe, and Osaka and the prefecture of Shiga.
The average gross sales price for each sq. meter for Kansai was up 8.2% calendar year-on-year in February to ¥791,000. February was also the fourth consecutive month in which the normal selling price per sq. meter has risen yr-on-calendar year in the region.
Info for the Kansai location covers Osaka prefecture, the town of Osaka, Hyogo prefecture, the metropolis of Kobe, Kyoto prefecture, the city of Kyoto, and Nara, Shiga, and Wakayama prefectures.
The principal takeaway from the February report is that consumer demand from customers is continuing to keep strong despite growing prices. The deal level for the Kansai area as a total was 79.2%, very well above the 70% current market for 3 consecutive months. The deal rate is the number of models contracted for sale divided by the selection of units available for sale. Seventy % is thought of the dividing line involving a seller’s and buyer’s market place.
New inventory continues to be pretty limited in western Japan. Kansai suppliers launched 1,378 freshly created units for sale in February, a drop of 19.8% year-on-calendar year. The March forecast is for an added 1,500 units to arrive to industry, which would be a yr-0n-year reduce of 19.%.
Average Gross sales Value of an Condominium in Kansai – By Town & Prefecture
Below is the breakdown of typical revenue rates by place for February 2022 as opposed to January 2022 and yr-on-year.
Source: Actual Estate Economic Investigation Institute (不動産経済研究所)
Typical Profits Price of an Apartment in Kansai – By Town & Prefecture
This is the breakdown of regular profits prices for each square meter by city and prefecture for February 2022 compared to January 2022 and calendar year-on-year.
For far more data about Osaka
Osaka residing guideline
Osaka ordinary hire
Sakai Area Tutorial
Kyobashi Region Guidebook
Kansai New Condominium Marketplace Report for January to June 2021
What can you invest in in Osaka for $150,000 or less?
Osaka small-time period apartments: Where by to stay in the vicinity of Umeda
Bilingual Agents
All of the brokers who record homes on realestate.co.jp are bilingual in Japanese and English. Some brokers can also deal with inquiries in Regular Chinese, Simplified Chinese, and other languages. Remember to click on on the one-way links under to see their listings:
Resources:
REEI, February 2022 Kansai New Condominium Current market Trends Report (PDF in Japanese)
REEI, January 2022 Kansai New Condominium Marketplace Traits Report (PDF in Japanese)
REEI, February 2021 Kansai New Condominium Industry Traits Report (PDF in Japanese)
Guide photograph: Cherry blossoms in bloom around Minami-Tenma Park, Osaka by way of iStock 1296163108