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The average sales price tag of a recently constructed apartment in the town of Osaka was ¥42,570,000 ($350,000 USD) in February 2022. This was a year-on-year maximize of 12.2% and up 20.3% vs . January.
The common product sales price for every sq. meter was up yr-on-calendar year to ¥960,000 (+10.1% YoY).
For the Kansai area as a whole, the February common profits cost hit ¥44,330,000 ($364,000 USD), up 12.1% yr-on-calendar year, led by potent cost development in the cities of Kyoto, Kobe, and Osaka and the prefecture of Shiga.
The ordinary revenue cost per square meter for Kansai was up 8.2% calendar year-on-yr in February to ¥791,000. February was also the fourth consecutive month in which the common rate for every square meter has risen year-on-12 months in the region.
Knowledge for the Kansai area addresses Osaka prefecture, the town of Osaka, Hyogo prefecture, the town of Kobe, Kyoto prefecture, the town of Kyoto, and Nara, Shiga, and Wakayama prefectures.
The primary takeaway from the February report is that buyer demand from customers is continuing to remain robust even with rising costs. The agreement fee for the Kansai region as a complete was 79.2%, perfectly previously mentioned the 70% market for three consecutive months. The contract charge is the number of units contracted for sale divided by the amount of units supplied for sale. Seventy per cent is considered the dividing line amongst a seller’s and buyer’s current market.
New inventory continues to be pretty tight in western Japan. Kansai suppliers produced 1,378 freshly created models for sale in February, a fall of 19.8% year-on-year. The March forecast is for an added 1,500 units to arrive to marketplace, which would be a yr-0n-12 months lower of 19.%.
Typical Profits Value of an Condominium in Kansai – By Town & Prefecture
Below is the breakdown of normal income price ranges by spot for February 2022 when compared to January 2022 and yr-on-yr.
Source: Authentic Estate Financial Investigation Institute (不動産経済研究所)
Typical Income Price of an Condominium in Kansai – By Town & Prefecture
This is the breakdown of ordinary gross sales rates for each sq. meter by town and prefecture for February 2022 as opposed to January 2022 and yr-on-12 months.
For far more details about Osaka
Osaka dwelling guidebook
Osaka regular lease
Sakai Place Information
Kyobashi Location Manual
Kansai New Condominium Marketplace Report for January to June 2021
What can you invest in in Osaka for $150,000 or a lot less?
Osaka shorter-term apartments: Wherever to keep near Umeda
Bilingual Agents
All of the agents who listing attributes on realestate.co.jp are bilingual in Japanese and English. Some brokers can also take care of inquiries in Regular Chinese, Simplified Chinese, and other languages. Remember to simply click on the back links underneath to see their listings:
Resources:
REEI, February 2022 Kansai New Condominium Current market Trends Report (PDF in Japanese)
REEI, January 2022 Kansai New Condominium Current market Trends Report (PDF in Japanese)
REEI, February 2021 Kansai New Condominium Sector Traits Report (PDF in Japanese)
Direct photograph: Cherry blossoms in bloom close to Minami-Tenma Park, Osaka via iStock 1296163108
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