Contract prices for existing condominiums rise in February
Interesting data from the Real Estate Information Network Center (RIPO) about the latest property trends for all designated distribution networks in Japan.
The average contract price of existing condominiums was 38.62 million yen (up 10.41% year-on-year), and the average unit price per square meter was 581,100 yen (up 9.75% year-on-year), both of which increased for the 45th consecutive month.
The average private-use floor space increased for the second consecutive month to 67.72 square meters (up 0.50% y-o-y). The average age of the building was 24.06 years (down 1.92% y-o-y), rejuvenating for the second consecutive month. The number of contracts concluded was 6,233 (up 2.82% YoY).
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