Inbizzy, Tokyo – The average price of used condominiums in Japan’s major regions recorded a slight increase in July 2025, with varying trends across different areas. The latest data indicates that stable demand in some areas, particularly Tokyo and Osaka, continues to drive prices up, despite signs of weakening in other regions.
In the metropolitan area encompassing Tokyo and its three surrounding prefectures, the average price rose by 0.1% from the previous month to ¥58.57 million. This increase marks the 12th consecutive month of positive trends, although the growth rate this month was limited due to a shrinking proportion of cases in Tokyo and weak price movements in the surrounding prefectures.
Specifically, Tokyo recorded a 0.9% increase to ¥89.08 million, continuing its upward trend for the 15th consecutive month. However, other prefectures such as Kanagawa (down 0.8% to ¥39.81 million), Saitama (down 0.1% to ¥30.09 million), and Chiba (down 0.7% to ¥27.97 million) showed a downward trend.
In the Kinki region, particularly Osaka, the average price rose by 0.4% to ¥31.42 million, driven by a 1.3% increase in Osaka, which has continued its positive trend since the end of 2024. This increase marks the region’s second consecutive month of growth, with an annual growth rate of 10%. Conversely, Hyogo fell by 0.7% to ¥24.67 million after the average age of buildings increased.
Meanwhile, the Chubu region experienced weakening. The average price fell by 1.0% to ¥23.10 million, with Aichi recording a 1.3% decrease to ¥24.22 million, showing a weakening trend both monthly and annually.
This data illustrates that the used property market in Japan is currently in a complex phase, with different dynamics in each region. In metropolitan areas like Tokyo, high demand for housing in the city center continues to be a major driver of prices, supported by economic factors such as the recovery of business activity post-pandemic, good transportation access, and increasing foreign investment interest.
Conversely, in some buffer prefectures and other regions like Chubu, price declines are influenced by the reduced attractiveness of older housing with aging buildings, limited supply of new units with modern specifications, and a shift in buyer interest to large city centers offering more economic opportunities and comprehensive facilities.
In addition, the distribution of sales and the composition of units sold also play an important role. When the proportion of transactions in premium areas decreases, even slightly, it can directly put pressure on the average price at the regional level. This trend reflects that the used property market in Japan is influenced not only by macro factors such as economic growth and interest rates but also by local characteristics such as location, property age, and evolving buyer preferences.
