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Tokyo apartment prices keep climbing for the second year

The average price of a new apartment in the Greater Tokyo metropolitan area reached 63.6 million yen in the fiscal year 2021 which ended by March 30. According to the Real Estate Economic Institute, this price is about 6% higher than in 2020 and 2% higher than the record of 62.14 million yen in the final “bubble year” 1990.

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