PropTech market size in Japan FY 2017-2025

Published by Statista Research Department, Jan 17, 2023
In the fiscal year 2020, the property technology market in Japan was estimated at 611 billion Japanese yen. The market was forecast to double and reach nearly 1.25 trillion yen by fiscal 2025.
The term PropTech refers to the utilization of technology in the real estate industry.

Size of the property technology market in Japan from fiscal year 2017 to 2020 with a forecast for 2025 (in billion Japanese yen)

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Release date

August 2021

Region

Japan

Survey time period

fiscal years 2017 to 2020; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

the market size is based on the sales of businesses

Supplementary notes

*Forecast.

The market size is based on the sales value of businesses operating on a B2C** and B2B level***.

**Media related to property search, etc., matching services, design and construction (renovation) services, housing loans, crowdfunding (related to real estate), real estate brokerage (including sharing).
***Matching services, real estate information provision services, real estate brokerage, management support, and value assessment, support services using virtual reality (VR) and augmented reality (AR) technology, and IoT (cloud-based surveillance cameras, image analysis, and smart locks).
However, figures do not include housing loans in the case of B2C and exclude matching services and IoT (smart locks) in the case of B2B.

100 Japanese yen equal 0.74 U.S. dollars or 0.70 euros as of December 2022.

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