#Japan #Tokyo #Real Estate #LIFULL #Kenbiya

Investment Properties See Significant Rise in Prices

Recently, Kenbiya Co., Ltd., a subsidiary of LIFULL, published the "Monthly Report on Market Trends for Income Properties" for November 2025. The report indicates a remarkable acceleration in price increases across all three types of residential income properties registered with Kenbiya: divided condominiums, entire apartments, and entire buildings.

Highlights

• - Overall Price Surge: All three property types have reached their highest prices in the last 12 years, with divided condominiums experiencing a dramatic rise of +10.57% month-over-month, averaging 26.79 million yen. This represents a +20.03% increase year-over-year.
• - Rising Prices Across Regions: Notably, the Kansai region recorded a significant surge of +12.31%, while the Kanto region also saw an increase of +9.10%. Conversely, the Tokai region faced a sharp decline of -23.54%.
• - Stable Yield for Entire Apartments: The average price for entire apartments remained stable, with little change month-over-month, although it has increased by +14.19% from the previous year. The average yield slightly decreased by -0.02 percentage points.
• - Whole Building Surge: Average prices for entire buildings rose by +4.00% month-over-month, reflecting strong growth in various regions beyond the capital, such as Shinshu, Tokai, and the Kansai region.

Divided Condominiums

The divided condominium market for November 2025 stands out with significant price increases. The average national price surged to 26.79 million yen, marking a month-over-month increase of +10.57%. Year-over-year, the price continues to trend upward at +20.03%. Despite the rising prices, the average yield remained stable at 6.60%, reflecting a very small change.

Regionally, the dichotomy in price trends is evident. The Kansai region outperformed the Kanto region with a rise of +12.31%, while the capital region averaged the highest price of 30.93 million yen. In contrast, the Tokai region saw a decrease in price, marking a decline of -23.54%.

Entire Apartments

The entire apartment market showed little change in both price and yield for November 2025. The average price stands at 88.78 million yen, only slightly up by +0.21% from last month, yet increased by +14.19% compared to last year. With a national average yield of 7.98%, it has remained nearly stable, albeit with a marginal dip of -0.02 percentage points.

Regional variances led to mixed short-term price changes. The Tokai region notably increased by +5.66%, while the Shinshu and Hokuriku region reported a decline of -8.82%. Intriguingly, while the regional sales trend demonstrates fluctuations, the long-term trajectory appears strong.

Entire Buildings

The market for entire buildings shows stronger upward price trends, with the average national price now at 198.14 million yen, reflecting a monthly increase of +4.00%. When compared to last year’s figures, this represents a +10.79% rise. However, yields in this sector continue to drop, currently standing at 7.35%.

Conclusion

The November 2025 trends show a significant rise in divided condominiums, achieving a monthly increase of +10.57%. Nevertheless, the yields for entire buildings and entire apartments have shown an overall declining trend in response to rising prices. The company emphasizes that while a broad market trend exists, regional variances necessitate a closer examination to aid investors in making informed decisions.

For a comprehensive overview and detailed data, users are encouraged to download the full report available on the Kenbiya website. The data used in this report pertains to registered residential income properties during November 2025, providing a clear metric for potential investors seeking to understand the market landscape.