In 2023, the global economy faces challenges due to the COVID-19 pandemic, the war in Ukraine, and worldwide inflationary trends.  For Japan’s real estate market, the three major factors affecting its trajectory are “increasing office vacancy rates,” “declining household numbers,” and “rising mortgage rates” due to policy shifts. 1. Decline in Household Numbers, Peaking in…

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…