In December 2022, the Japan Real Estate Institute (JREI) Home Price Index for existing condominiums in the Tokyo Metropolitan Area grew by approximately 7.38 percent compared to the same month a year ago. Since 2014, there has been a general increase in home prices in the investigated area.
Year-on-year change of the home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2022
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 Ministry of Internal Affairs and Communication'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 2017 comes from previous reporting.
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JREI. (September 26, 2023). Year-on-year change of the home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2022 [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1172192/japan-home-price-index-for-tokyo-metropolitan-area-change/
JREI. "Year-on-year change of the home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2022." Chart. September 26, 2023. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1172192/japan-home-price-index-for-tokyo-metropolitan-area-change/
JREI. (2023). Year-on-year change of the home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2022. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1172192/japan-home-price-index-for-tokyo-metropolitan-area-change/
JREI. "Year-on-year Change of The Home Price Index for The Tokyo Metropolitan Area in Japan from 2014 to 2022." Statista, Statista Inc., 26 Sep 2023, https://www.statista.com/statistics/1172192/japan-home-price-index-for-tokyo-metropolitan-area-change/
JREI, Year-on-year change of the home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2022 Statista, https://www.statista.com/statistics/1172192/japan-home-price-index-for-tokyo-metropolitan-area-change/ (last visited November 03, 2024)
Year-on-year change of the home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2022 [Graph], JREI, September 26, 2023. [Online]. Available: https://www.statista.com/statistics/1172192/japan-home-price-index-for-tokyo-metropolitan-area-change/
