Japan: main reasons for buying a pre-owned apartment 2021

Affordability was the leading reason for buying a second-hand home in Japan, a survey conducted between September and November 2022 found. Over 68 percent of households that bought pre-owned apartments in the fiscal year 2021 did so because it fit within their budget. At the same time, around 38.2 percent stated that they did not attach importance to buying a new home.

Leading reasons for purchasing a second-hand apartment in Japan in fiscal year 2021

Characteristic	Share of respondents
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Release date

May 2023

More information

Region

Japan

Survey time period

September 1 to November 30, 2022

Number of respondents

1,016*

Special properties

among people who bought pre-owned homes between April 2021 and March 2022; multiple answers possible

Method of interview

Questionnaire

Supplementary notes

Among people who have bought an apartment that has been occupied by another household after being newly built, and who have moved in or plan to move in as soon as formalities are completed.

*The number of responses includes 591 respondents in the three metropolitan areas Tokyo, Osaka, and Nagoya who received and returned questionnaires in person and 425 responses via postal questionnaire in all other regions. As the source does not report the exact number of those who have bought an apartment, the number of respondents refers to those who have bought a pre-owned home, including detached houses.

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