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By Desiree Quijalvo
October 22nd, 2012
A research agency monitoring the performance of the real estate market in Japan, has reported that the number of new condominiums for sale in Tokyo fell 9.3 percent from a year earlier. including three other neighboring prefectures, condo units for sale dropped to only 3,366 units.
According to the Real Estate Economic Institute, the average unit price of new condos in Tokyo fell 3.4% from the year before, to 41.20 million yen. The number covers Kanagawa, Saitama and Chiba prefectures. Only 69.3% were bought in the reporting month in the said areas, a number which is down 8.4% points from a year earlier.
Meanwhile, new condo supplies for the month of September in the Osaka area increased 1.2% to 1,981 units.
Tokyo Apartments For Sale | Tokyo Apartments For Rent | Real Estate Japan
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