With Prime Minister Sanae Takaichi now in office, Japan is reviewing rules on foreign property purchases. Current law, likely changes, and how investors should plan in 2025.

The Q1 2025 edition of our Tokyo real estate price series reviews January–March trends. Tokyo apartment prices and housing values climbed amid resilient demand, scarce new supply, and a weaker yen attracting foreign investment.

In this article, I will discuss the latest trends in the Japanese apartment market, covering both new and second-hand apartments. Based on the 2023 Land Price Publication by the Ministry of Land, Infrastructure, Transport, and Tourism, urban land prices, particularly in the Tokyo metropolitan area, have been increasing for the past two years. This rise…