Tokyo’s real estate market continues to tighten amid decrease in supply
Day in Review
Japan
Housing loads increased 2.9% year over year in Japan for the 3rd quarter of 2019. Year to date average hovers around 2.58% with the 10-year long term average around 2.66%.
Inventory of condos for sale in Japan was down -29.5% for the month of October highlighting a continuous tightening of supply in the Tokyo real estate market. Year to date drop in condos supply hovers around -12.75% with the lowest figure coming in April around -39.3% while the highest increase in inventory recorded was in August around 21.1%.
The average unit price for the month of October was around Yen59,920,000 ($550,000) with the average square meter price around Yen914,000 ($8393).
United Kingdom
The Rightmove Real estate prices index in the U.K was down -1.3%. Year to date average price change was around 0%. The lowest monthly decline in prices was at the end of December while the highest increase was in April.
China
Foreign direct investment in China (in domestic currency) was up 7.4% for the month of October, up from last month’s figure of 3.8%. The figure comes slightly lower than the year to date average of 8.13% which was highly skewed by the 23.20% increase FDI experience for the end of December. •
