Japan’s housing market remains buoyant
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Japan’s housing market remains upbeat, despite slow economic growth. House prices continue to rise strongly. Property demand islargely stable, and residential construction activity is rising.
Japan’s overall residential property price index rose by 4.7% (4.2% inflation-adjusted) in January 2017 from the same period last year, according to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). Nationwide, condominium prices were up by 5.2%, detached house prices increased 2.7% and residential land prices rose by 4.8% over the same period.
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