politics

Tokyo Condominium Prices Decline After 28 Months as Central Ward Drops Spread

24 Eylül 2026Japan Times

Condominium prices in Tokyo have decreased for the first time in 28 months, driven by rising mortgage costs and interest rates.
Tokyo's used condominium prices have experienced a decline after 28 consecutive months of increases, with the downturn spreading to central wards. This shift is largely attributed to rising mortgage costs as the Bank of Japan raises interest rates and indicates a commitment to further tightening credit.
The combination of these factors is dampening demand in the housing market.
The Bank of Japan's recent monetary policy adjustments are aimed at curbing inflation and stabilizing the economy. However, these measures have direct implications for the real estate market, particularly in urban centers like Tokyo, where housing demand has been historically robust.
The decline in used condo prices in Tokyo reflects broader economic pressures, particularly the impact of rising interest rates on consumer behavior. As mortgage costs increase, potential buyers may be deterred from entering the market, leading to a slowdown in sales and price adjustments.

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This article is for informational purposes only and does not constitute financial advice.