The regular income price of a newly made apartment in the metropolis of Osaka was ¥42,570,000 ($350,000 USD) in February 2022. This was a yr-on-calendar year raise of 12.2% and up 20.3% versus January.
The regular revenue price for each sq. meter was up year-on-yr to ¥960,000 (+10.1% YoY).
For the Kansai region as a full, the February normal sales cost strike ¥44,330,000 ($364,000 USD), up 12.1% year-on-yr, led by solid cost expansion in the towns of Kyoto, Kobe, and Osaka and the prefecture of Shiga.
The common gross sales cost for every square meter for Kansai was up 8.2% yr-on-year in February to ¥791,000. February was also the fourth consecutive thirty day period in which the common rate for every square meter has risen yr-on-yr in the area.
Data for the Kansai location handles Osaka prefecture, the city of Osaka, Hyogo prefecture, the town of Kobe, Kyoto prefecture, the town of Kyoto, and Nara, Shiga, and Wakayama prefectures.
The major takeaway from the February report is that customer demand is continuing to continue to be robust in spite of mounting rates. The deal price for the Kansai location as a total was 79.2%, well over the 70% industry for three consecutive months. The deal level is the range of units contracted for sale divided by the range of units presented for sale. Seventy % is thought of the dividing line in between a seller’s and buyer’s industry.
New stock remains extremely tight in western Japan. Kansai suppliers produced 1,378 recently built units for sale in February, a drop of 19.8% 12 months-on-year. The March forecast is for an more 1,500 models to occur to current market, which would be a year-0n-year reduce of 19.%.
Normal Product sales Price of an Condominium in Kansai – By Town & Prefecture
Below is the breakdown of common gross sales selling prices by spot for February 2022 when compared to January 2022 and yr-on-calendar year.
Resource: Actual Estate Financial Investigation Institute (不動産経済研究所)
Normal Product sales Cost of an Apartment in Kansai – By Town & Prefecture
This is the breakdown of regular profits charges for every sq. meter by city and prefecture for February 2022 as opposed to January 2022 and yr-on-calendar year.
For far more facts about Osaka
Osaka living tutorial
Osaka common hire
Sakai Region Tutorial
Kyobashi Spot Information
Kansai New Condominium Sector Report for January to June 2021
What can you acquire in Osaka for $150,000 or less?
Osaka short-time period residences: In which to continue to be in the vicinity of Umeda
Bilingual Agents
All of the brokers who listing attributes on realestate.co.jp are bilingual in Japanese and English. Some brokers can also cope with inquiries in Traditional Chinese, Simplified Chinese, and other languages. Remember to click on on the back links beneath to see their listings:
Resources:
REEI, February 2022 Kansai New Condominium Market place Trends Report (PDF in Japanese)
REEI, January 2022 Kansai New Condominium Current market Tendencies Report (PDF in Japanese)
REEI, February 2021 Kansai New Condominium Current market Tendencies Report (PDF in Japanese)
Guide image: Cherry blossoms in bloom around Minami-Tenma Park, Osaka by means of iStock 1296163108