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Average price of new Tokyo apartment jumps in 2023, sets record

January 25, 2024 at 05:37 am

TOKYO (Reuters) - The price of new apartments in Tokyo leapt to a record 114.8 million yen ($777,093) in 2023, pushed up by rising labour and construction costs as well as an influx of foreign investors on back of the yen's slide to a multi-decade low.

Average price of new Tokyo apartment jumps in 2023, sets record

The average price of newly built apartments in Japan's capital rose 39.4% from the previous year, the Real Estate Economic Institute said on Thursday.

($1 = 147.7300 yen)

(Reporting by Mariko Katsumura; Editing by Christopher Cushing)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BIST 30	12,193 PTS	+0.84%	+1.62%	-
TOPIX INDEX	2,869 PTS	-1.60%	-2.07%	-
BRITISH POUND / JAPANESE YEN	203.2 JPY	+0.33%	-0.70%	-
EURO / JAPANESE YEN	171 JPY	+0.39%	-0.74%	-
US DOLLAR / JAPANESE YEN	156.4 JPY	+0.49%	-1.22%	-
CANADIAN DOLLAR / JAPANESE YEN	114.3 JPY	+0.46%	-1.57%	-
AUSTRALIAN DOLLAR / JAPANESE YEN	105.3 JPY	+0.50%	-1.72%	-
NEW ZEALAND DOLLAR / JAPANESE YEN	94.88 JPY	+0.25%	-1.63%	-
INDIAN RUPEE / JAPANESE YEN	1.871 JPY	+0.13%	-1.89%	-
JAPANESE YEN / SWISS FRANC	0.5651 CHF	-0.21%	-0.04%	-

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