The average profits price tag of a freshly built apartment in the city of Osaka was ¥42,570,000 ($350,000 USD) in February 2022. This was a 12 months-on-year maximize of 12.2% and up 20.3% versus January.
The ordinary sales cost per square meter was up yr-on-yr to ¥960,000 (+10.1% YoY).
For the Kansai area as a total, the February typical revenue cost hit ¥44,330,000 ($364,000 USD), up 12.1% 12 months-on-yr, led by sturdy value growth in the metropolitan areas of Kyoto, Kobe, and Osaka and the prefecture of Shiga.
The regular income rate per square meter for Kansai was up 8.2% year-on-yr in February to ¥791,000. February was also the fourth consecutive month in which the normal selling price per sq. meter has risen 12 months-on-year in the area.
Information for the Kansai area handles Osaka prefecture, the metropolis of Osaka, Hyogo prefecture, the city of Kobe, Kyoto prefecture, the city of Kyoto, and Nara, Shiga, and Wakayama prefectures.
The most important takeaway from the February report is that consumer need is continuing to stay solid regardless of growing selling prices. The deal fee for the Kansai location as a whole was 79.2%, well above the 70% current market for 3 consecutive months. The contract amount is the amount of models contracted for sale divided by the variety of models supplied for sale. Seventy p.c is regarded as the dividing line concerning a seller’s and buyer’s market.
New stock remains pretty limited in western Japan. Kansai suppliers unveiled 1,378 newly built models for sale in February, a fall of 19.8% calendar year-on-year. The March forecast is for an added 1,500 units to arrive to market place, which would be a year-0n-yr lower of 19.%.
Regular Sales Price of an Condominium in Kansai – By City & Prefecture
Right here is the breakdown of ordinary sales prices by space for February 2022 compared to January 2022 and yr-on-yr.
Source: Actual Estate Financial Analysis Institute (不動産経済研究所)
Typical Revenue Selling price of an Condominium in Kansai – By Town & Prefecture
This is the breakdown of normal revenue costs per square meter by city and prefecture for February 2022 when compared to January 2022 and year-on-year.
For much more info about Osaka
Osaka dwelling guide
Osaka regular hire
Sakai Region Information
Kyobashi Region Guidebook
Kansai New Condominium Sector Report for January to June 2021
What can you obtain in Osaka for $150,000 or considerably less?
Osaka brief-term flats: Wherever to keep close to Umeda
Bilingual Brokers
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Sources:
REEI, February 2022 Kansai New Condominium Current market Traits Report (PDF in Japanese)
REEI, January 2022 Kansai New Condominium Current market Developments Report (PDF in Japanese)
REEI, February 2021 Kansai New Condominium Industry Traits Report (PDF in Japanese)
Guide photograph: Cherry blossoms in bloom in the vicinity of Minami-Tenma Park, Osaka by means of iStock 1296163108