In December 2023, the Japan Real Estate Institute (JREI) Home Price Index for existing condominiums in the Tokyo Metropolitan Area grew by approximately 3.2 percent compared to the same month a year ago. Figures decreased compared to around 7.3 percent in the previous year.
Year-on-year change of the 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 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 2018 comes from previous reporting.
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JREI. (October 29, 2024). Year-on-year change of the home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2023 [Graph]. In Statista. Retrieved November 21, 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 2023." Chart. October 29, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1172192/japan-home-price-index-for-tokyo-metropolitan-area-change/
JREI. (2024). Year-on-year change of the home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2023. Statista. Statista Inc.. Accessed: November 21, 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 2023." Statista, Statista Inc., 29 Oct 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 2023 Statista, https://www.statista.com/statistics/1172192/japan-home-price-index-for-tokyo-metropolitan-area-change/ (last visited November 21, 2024)
Year-on-year change of the 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/1172192/japan-home-price-index-for-tokyo-metropolitan-area-change/
