Tokyo used condo prices fall for first time in 28 months
Rising mortgage rates from Bank of Japan tightening weigh on Tokyo property demand as declines spread beyond central wards.
What to know
- Tokyo used condo prices fell 0.2% in August to ¥112.74 million, the first decline in 28 months, driven by rising mortgage rates as the Bank of Japan tightens policy.
- Price weakness that started in expensive central wards is spreading to other areas, suggesting broader market softening.
- The Financial Services Agency is strengthening oversight of real estate lending amid concerns that Tokyo property prices have overshot, driven by domestic and international investor speculation.
“The average price of condos in the capital dropped 0.2% from the previous month to ¥112.74 million ($714,000), marking the first decline in 28 months”
Tokyo Kantei · Japan Times ↗
Bank of Japan Central bankTokyo Kantei Real estate research firmMasayuki Takahashi Senior principal researcher, Tokyo KanteiFinancial Services Agency Japanese financial regulator
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
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Japan Times details rate hike pressures and regulatory tightening
Japan Times reports the Bank of Japan is raising interest rates and signaling willingness to tighten credit further, damping demand. The Financial Services Agency has signaled it will strengthen oversight of real estate lending amid concerns that property prices are overshooting in Tokyo.
“Mortgage costs are climbing as the Bank of Japan raises interest rates and signals its willingness to tighten credit further, damping demand.”
— Japan Times · source -
first by Japan Times, 8h ago
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https://www. alojapan.com/1543458/tokyo-use d-condo-prices-fall-after-28-months-as-declines-in-central-wards-spread/ Tokyo used condo prices fall after 28 months as declines in central wards spread # EconomicIndicators # housing # inflation # news # RealEstate # surveys # Tokyo # TokyoNews # 東京 # 東京都 Used condominium prices in Tokyo fell for the…
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Used condominium prices in Tokyo fell for the first time in over two years in August as rising mortgage rates started to weigh on sentiment among home buyers, a research firm has said. https://www. japantimes.co.jp/business/2026 /09/24/economy/tokyo-used-condo-prices-first-drop-in-two-years/?utm_medium=Social&utm_source=mastodon # business #…
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Bloomberg reports Tokyo condo price drop linked to mortgage rate pressure
Bloomberg Markets reports the price drop reflects rising mortgage rates starting to weigh on sentiment among home buyers, as broader market interest rate increases affect purchase decisions.
“Used condominium prices in Tokyo dropped for the first time in more than two years in August as rising mortgage rates start to weigh on sentiment among home buyers…”
— Bloomberg Markets · source -
first by Bloomberg Markets, 9h ago
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background
Tokyo Kantei reports first condo price decline in 28 months — Tokyo Kantei released data showing used condominium prices in Tokyo dropped 0.2% in August to ¥112.74 million ($714,000), the first monthly decline in more than two years. Price falls that had begun in central wards are now spreading to other areas.