Affordability was the leading reason for buying a second-hand home in Japan, a survey conducted between September and November 2022 found. Over 68 percent of households that bought pre-owned apartments in the fiscal year 2021 did so because it fit within their budget. At the same time, around 38.2 percent stated that they did not attach importance to buying a new home.
Leading reasons for purchasing a second-hand apartment in Japan in fiscal year 2021
among people who bought pre-owned homes between April 2021 and March 2022; multiple answers possible
Method of interview
Questionnaire
Supplementary notes
Among people who have bought an apartment that has been occupied by another household after being newly built, and who have moved in or plan to move in as soon as formalities are completed.
*The number of responses includes 591 respondents in the three metropolitan areas Tokyo, Osaka, and Nagoya who received and returned questionnaires in person and 425 responses via postal questionnaire in all other regions. As the source does not report the exact number of those who have bought an apartment, the number of respondents refers to those who have bought a pre-owned home, including detached houses.
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MLIT (Japan). (May 19, 2023). Leading reasons for purchasing a second-hand apartment in Japan in fiscal year 2021 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1405044/japan-second-hand-apartment-purchase-major-reasons/
MLIT (Japan). "Leading reasons for purchasing a second-hand apartment in Japan in fiscal year 2021." Chart. May 19, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1405044/japan-second-hand-apartment-purchase-major-reasons/
MLIT (Japan). (2023). Leading reasons for purchasing a second-hand apartment in Japan in fiscal year 2021. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1405044/japan-second-hand-apartment-purchase-major-reasons/
MLIT (Japan). "Leading Reasons for Purchasing a Second-hand Apartment in Japan in Fiscal Year 2021." Statista, Statista Inc., 19 May 2023, https://www.statista.com/statistics/1405044/japan-second-hand-apartment-purchase-major-reasons/
MLIT (Japan), Leading reasons for purchasing a second-hand apartment in Japan in fiscal year 2021 Statista, https://www.statista.com/statistics/1405044/japan-second-hand-apartment-purchase-major-reasons/ (last visited November 21, 2024)
Leading reasons for purchasing a second-hand apartment in Japan in fiscal year 2021 [Graph], MLIT (Japan), May 19, 2023. [Online]. Available: https://www.statista.com/statistics/1405044/japan-second-hand-apartment-purchase-major-reasons/
