Home price index for the Tokyo Metropolitan Area in Japan 2014-2022

Published by Statista Research Department, Oct 17, 2023
As of December 2022, the composite JREI Home Price Index for existing condominiums in the Tokyo Metropolitan Area in Japan stood at around 114.72 index points. Since 2014, there has been a continuous increase in home prices in the investigated area. Compared to the previous year, the index increased by 7.38 percent.

Home price index for the Tokyo Metropolitan Area in Japan from 2014 to 2022

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Release date

September 2023

Region

Japan

Survey time period

2014 to 2022

Special properties

as of December each year

Supplementary notes

The JREI Price Index measures the changes in home prices with January 2000 as the base (Jan 2000=100).

According to the source, the composite index is a weighted average of the JREI Home Price Indices of Tokyo, Kanagawa, Chiba, and Saitama Prefectures. The aggregate value of all existing condominium units of each prefecture is used as the weight.

Moreover, the aggregate value of all existing condominium units is calculated by multiplying the number of existing condominium units taken from the government's Housing and Land Survey by their average price based on sales data from the Real Estate Information Network for East Japan.
Data prior to 2017 comes from previous reporting.

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