In 2019, the price to income ratio for condominiums in the Greater Tokyo Area in Japan was 8.8. Since 2010, the ratio has increased by 2.6. The price to income ratio is an indicator for housing affordability.
Price to income ratio for condominiums in the Greater Tokyo Area from 2010 to 2019
The ratio was calculated by dividing the average price* for new private condominiums offered for sale by the average annual income**.
*Average price for condominiums for sale in Tokyo, Kanagawa, Chiba, and Saitama Prefectures.
**From 2018 onwards, the annual income is the average annual income of working households in the Kanto region (Gunma, Tochigi, Ibaraki, Saitama, Tokyo, Chiba, and Kanagawa Prefectures).
Until 2017, the figures are based on the annual income of working households in the Kanto Major Metropolitan Areas (central cities and surrounding areas of Gunma, Tochigi, Ibaraki, Saitama, Tokyo, Chiba, Kanagawa, Shizuoka, and Yamanashi Prefectures).
1 Japanese yen equals 0.0096 U.S. dollars or 0.0079 euros as of February 2021.
Values have been rounded.
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The Real Estate Transaction Promotion Center. (October 26, 2020). Price to income ratio for condominiums in the Greater Tokyo Area from 2010 to 2019 [Graph]. In Statista. Retrieved August 16, 2022, from https://www.statista.com/statistics/1202843/japan-price-to-income-ratio-for-condominiums-in-greater-tokyo/
The Real Estate Transaction Promotion Center. "Price to income ratio for condominiums in the Greater Tokyo Area from 2010 to 2019." Chart. October 26, 2020. Statista. Accessed August 16, 2022. https://www.statista.com/statistics/1202843/japan-price-to-income-ratio-for-condominiums-in-greater-tokyo/
The Real Estate Transaction Promotion Center. (2020). Price to income ratio for condominiums in the Greater Tokyo Area from 2010 to 2019. Statista. Statista Inc.. Accessed: August 16, 2022. https://www.statista.com/statistics/1202843/japan-price-to-income-ratio-for-condominiums-in-greater-tokyo/
The Real Estate Transaction Promotion Center. "Price to Income Ratio for Condominiums in The Greater Tokyo Area from 2010 to 2019." Statista, Statista Inc., 26 Oct 2020, https://www.statista.com/statistics/1202843/japan-price-to-income-ratio-for-condominiums-in-greater-tokyo/
The Real Estate Transaction Promotion Center, Price to income ratio for condominiums in the Greater Tokyo Area from 2010 to 2019 Statista, https://www.statista.com/statistics/1202843/japan-price-to-income-ratio-for-condominiums-in-greater-tokyo/ (last visited August 16, 2022)
