As of December 2023, the composite JREI Home Price Index for existing condominiums in the Tokyo Metropolitan Area in Japan stood at around 118.3 index points. Since 2014, there has been a continuous increase in home prices in the investigated area. Compared to the previous year, the index increased by 3.18 percent.
Home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2023
The JREI Price Index measures the changes in home prices with January 2000 as the base (Jan 2000=100).
According to the source, the composite index is a weighted average of the JREI Home Price Indices of Tokyo, Kanagawa, Chiba, and Saitama Prefectures. The aggregate value of all existing condominium units of each prefecture is used as the weight.
Moreover, the aggregate value of all existing condominium units is calculated by multiplying the number of existing condominium units taken from the government's Housing and Land Survey by their average price based on sales data from the Real Estate Information Network for East Japan. Data prior to 2018 comes from previous reporting.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
JREI. (October 29, 2024). Home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2023 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1171964/japan-home-price-index-for-tokyo-metropolitan-area/
JREI. "Home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2023." Chart. October 29, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1171964/japan-home-price-index-for-tokyo-metropolitan-area/
JREI. (2024). Home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2023. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1171964/japan-home-price-index-for-tokyo-metropolitan-area/
JREI. "Home Price Index for The Tokyo Metropolitan Area in Japan from 2014 to 2023." Statista, Statista Inc., 29 Oct 2024, https://www.statista.com/statistics/1171964/japan-home-price-index-for-tokyo-metropolitan-area/
JREI, Home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2023 Statista, https://www.statista.com/statistics/1171964/japan-home-price-index-for-tokyo-metropolitan-area/ (last visited November 23, 2024)
Home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2023 [Graph], JREI, October 29, 2024. [Online]. Available: https://www.statista.com/statistics/1171964/japan-home-price-index-for-tokyo-metropolitan-area/
