Reading Japan’s property market: asking prices, transaction data and comparisons
Ziyou Real Estate · Updated
A listing price and a market statistic answer different questions. Use MLIT and REINS publications to start comparing location, property type and period before interpreting a price.
Identify the price first
A portal listing gives an asking price. Read transaction-price information and land-price information separately.
Two starting points for research
MLIT’s Real Estate Information Library brings together price, facility, disaster and planning information. REINS publishes market statistics.
Write down the comparison conditions
Note the area, property type, reporting period, size and construction year. Look for comparable conditions before interpreting a difference.
Look beyond the headline
Open the underlying report to check its area, property type and period. For a specific purchase, also request occupancy, rights and cost records.
Bring one candidate and one question
Ask which information would help you compare its price. Share your budget, intended use and preferred area to organize the next step.
Sources and further reading
A general orientation guide. Confirm the conditions and required steps for your transaction with the responsible desk and current documents.
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