The average price of newly built condominiums in the Tokyo area rose 40.7% in October, with Tokyo’s 23 wards seeing a 48.6% increase year-on-year.
1Capital Region Tiger ★.Nov. 21, 2024 (Thu) 09:46:13.31ID:DP4IyPnB9
Shinichi Uchida [TOKYO, Oct 20 (Reuters)] – According to the Real Estate Economic Institute’s October report on the market trends for newly built condominiums in the Tokyo metropolitan area (Tokyo and three prefectures), the average price per unit rose 40.7% year-on-year to 92.39 million yen. This is the third consecutive month of increase. In Tokyo’s 23 wards, the average price rose 48.6% to 129.4 million yen. The number of units released in October was 1,833, up 23.4% from the previous year, the first increase in seven months. In Tokyo’s 23 wards, there were 816 units, a significant increase of 70.4%. For the full text, see source. Last updated: 11/20 (Wed) 18:44.
首都圏マンション、10月平均価格は9239万円 前年比で40％上昇（ロイター） - Yahoo!ニュース
Shinichi Uchida ［東京 ２０日 ロイター］ - 不動産経済研究所が２０日に発表した１０月の首都圏（１都３県）新築分譲マンション市場動向によると、１戸当たりの平均価格は前年比４０．７
news.yahoo.co.jp
2Anonymous Donburako.Nov. 21, 2024 (Thu) 09:47:40.14ID:LGUom4Iv0
Inflation is on par with that of the US. It’s rising so fast, I’m surprised you can still survive.
11Anonymous Donburako.Nov. 21, 2024 (Thu) 09:50:49.30ID:JDIsGdzk0
>>2
It’s getting to the point where even people who work for listed companies or doctors working in Tokyo have a hard time buying a new apartment.
It’s terrible that people who make 15 or 20 million a year can’t buy one.
It’s getting to the point where even people who work for listed companies or doctors working in Tokyo have a hard time buying a new apartment.
It’s terrible that people who make 15 or 20 million a year can’t buy one.
3Anonymous Donburako.Nov. 21, 2024 (Thu) 09:47:55.15ID:V8Jf/OV30
Why does it cost so much?
6Anonymous Donburako.Nov. 21, 2024 (Thu) 09:49:02.38ID:02vRdMio0
>>3
The yen is weak, so foreigners are buying them.
The yen is weak, so foreigners are buying them.
48Anonymous Donburako.Nov. 21, 2024 (Thu) 10:03:40.40ID:0wJP6uTi0
>>3
Chinese people are buying up to escape.
Chinese people are buying up to escape.
15Anonymous Donburako.Nov. 21, 2024 (Thu) 09:52:01.74ID:lvpqZcgO0
>>6
Since the bubble burst in mainland China, Chinese capital is flowing into neighboring countries.
Since the bubble burst in mainland China, Chinese capital is flowing into neighboring countries.
7Anonymous Donburako.Nov. 21, 2024 (Thu) 09:49:11.54ID:4jEI9TpQ0
Move to a city equivalent to a prefectural capital in the region.
8Anonymous Donburako.Nov. 21, 2024 (Thu) 09:49:46.32ID:xptXlZTg0
Is the city really that good? I want to live in a big house in a regional city.
19Anonymous Donburako.Nov. 21, 2024 (Thu) 09:53:38.14ID:02vRdMio0
>>8
Japanese people are also concentrated in Tokyo, so many people probably prefer Tokyo or nearby areas to the countryside.
Japanese people are also concentrated in Tokyo, so many people probably prefer Tokyo or nearby areas to the countryside.
36Anonymous Donburako.Nov. 21, 2024 (Thu) 09:58:23.07ID:TM9MSt4e0
>>8
If you’re going to commute every day, it’s better to be close.
If you’re going to commute once a week or once a month, the Shinkansen or whatever is fine.
If you’re going to commute every day, it’s better to be close.
If you’re going to commute once a week or once a month, the Shinkansen or whatever is fine.
9Anonymous Donburako.Nov. 21, 2024 (Thu) 09:50:14.52ID:QONAXz6/0
I’m sure even companies in Tokyo don’t pay that much.
10Anonymous Donburako.Nov. 21, 2024 (Thu) 09:50:28.42ID:hrRL4J5k0
Do you actually live there?
12Anonymous Donburako.Nov. 21, 2024 (Thu) 09:51:01.44ID:jfU4krCo0
It is said that one-quarter of the population, or 30 million people, live in just the three prefectures of Tokyo, Kanagawa, and Saitama.
14Anonymous Donburako.Nov. 21, 2024 (Thu) 09:52:00.83ID:jinJ4pp/0
40% of the time in a year it’s grass.
17Anonymous Donburako.Nov. 21, 2024 (Thu) 09:53:18.60ID:MFiyl1Fh0
Whether you can get a loan from a real estate agent or not and actually repay it without difficulty is another story.
A mortgage should be up to three times your household’s annual income.
In other words, the only way to buy a house worth billions is for a power couple in their 30s with an annual household income of 25 million and the ability to prepare a down payment of 25 million yen.
18Anonymous Donburako.Nov. 21, 2024 (Thu) 09:53:30.94ID:8NuuSGnB0
It seems like power couples are buying them.
20Anonymous Donburako.Nov. 21, 2024 (Thu) 09:53:42.24ID:3/xpMWHG0
My dream of turning a Minato-ku guy into an ATM is gradually fading (lol).
21Security Guard [lv.5] [Sprout].Nov. 21, 2024 (Thu) 09:54:00.48ID:0f+0xVEk0
The average cost to live in Tokyo is 130 million yen.
22Anonymous Donburako.Nov. 21, 2024 (Thu) 09:54:17.16ID:DkMu1aoE0
The rent is probably high too.
23Anonymous Donburako.Nov. 21, 2024 (Thu) 09:54:30.48ID:PbXqF8J10
The Tama area used apartments are the best bet. Seriously.
25Security Guard [lv.12] [Sprout].Nov. 21, 2024 (Thu) 09:54:59.86ID:+N1mc/130
In the city, if you buy a house and leave it alone, your money will grow. With global inflation, there’s no limit.
29Anonymous Donburako.Nov. 21, 2024 (Thu) 09:55:54.83ID:02vRdMio0
>>25
It seems like Tokyo is the only place with the previous bubble.
It seems like Tokyo is the only place with the previous bubble.
32Anonymous Donburako.Nov. 21, 2024 (Thu) 09:57:26.27ID:qEAESJPo0
>>25
If we did that, the bubble would burst.
If we did that, the bubble would burst.
26Anonymous Donburako.Nov. 21, 2024 (Thu) 09:55:12.50ID:AiZIsGK00
It seems to be the influence of the large, expensive property, Toyosu Tower Marine & Sky, but when a new apartment in Tokyo exceeded 100 million yen, people also said it was the influence of Azabudai Hills or whatever.
27Anonymous Donburako.Nov. 21, 2024 (Thu) 09:55:50.81ID:SxG/suG00
I guess the power-kid-uncles are buying it.
28Anonymous Donburako.Nov. 21, 2024 (Thu) 09:55:53.81ID:qEAESJPo0
The Chinese are creating a bubble and then trying to burst it.
30Anonymous Donburako.Nov. 21, 2024 (Thu) 09:56:36.04ID:yMb4lynR0
It’s safe.
33Anonymous Donburako.Nov. 21, 2024 (Thu) 09:57:32.16ID:5FG5CCPb0
It’s the same as iPhones. People who own them sell them and buy new ones, so it doesn’t feel that expensive. It’s the same with real estate.
34Anonymous Donburako.Nov. 21, 2024 (Thu) 09:58:07.16ID:sfFthyRr0
It’s because Azabudai Hills was built.
35Anonymous Donburako.Nov. 21, 2024 (Thu) 09:58:15.72ID:a8FijX630
As a homeowner living in the Tokyo metropolitan area and working almost entirely remotely, it’s completely useless to me. I just think it’s amazing that people can afford to spend money on their homes.
37Anonymous Donburako.Nov. 21, 2024 (Thu) 09:58:42.15ID:AEZYF+q60
Ladies, you’ll have to make do with Tachikawa (lol).
44Anonymous Donburako.Nov. 21, 2024 (Thu) 10:01:43.23ID:U0o0TZW80
>>37
Tachikawa is also really expensive.
Tachikawa is also really expensive.
38Anonymous Donburako.Nov. 21, 2024 (Thu) 09:59:04.43ID:RgrzIRQ70
I hope that poor people will no longer be able to live in certain areas and that the concentration of population will be resolved.
39Anonymous Donburako.Nov. 21, 2024 (Thu) 09:59:11.79ID:U5Mem5Mw0
These numbers seem to suggest that you should combine double income and the four pockets of both parents and buy in a big formation.
40Anonymous Donburako.Nov. 21, 2024 (Thu) 09:59:30.79ID:KzvWTJIx0
Did the Chinese raise the price? A weak yen is no good. It’s a treasonous policy.
43Anonymous Donburako.Nov. 21, 2024 (Thu) 10:01:42.39ID:pJnqhgmU0
Even though prices are rising, the number of homes available is decreasing, so only the wealthy can afford them.
45Anonymous Donburako.Nov. 21, 2024 (Thu) 10:03:07.06ID:nT9qfTOJ0
About half of the detached houses in Tokyo are bought by Chinese and Indians. The rest are the families and relatives of the local landowners.
50Anonymous Donburako.Nov. 21, 2024 (Thu) 10:03:56.35ID:qEAESJPo0
Wealthy Chinese people built their wealth through land speculation, so all they can do is land speculation.
54Anonymous Donburako.Nov. 21, 2024 (Thu) 10:05:48.60ID:vLglXRET0
Houses are too expensive for me to buy, they should ban foreigners from buying and selling.
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