#Japan #Tokyo #Real Estate #LIFULL #Kenbiya

April 2026 Residential Real Estate Market Overview

The latest report released by Kenbiya Inc., a subsidiary of LIFULL dedicated to real estate investment insights, presents the April 2026 Monthly Market Trends for residential rental properties across Japan. This report analyzes three categories of residential investment real estate:
1. Condos
2. Apartment Buildings
3. Completely Detached Buildings

The report highlights key trends, aggregating data on surface yields and property prices registered on the Kenbiya platform.

Price Trends and Market Insights

For April 2026, all three property categories showed a decline in national average prices compared to the previous month. However, in a year-over-year comparison, prices have shown an upward trajectory across the board. The national average yield remained relatively stable.

In the capital region, Tokyo's 23 wards have performed well, keeping the average prices for condos and detached buildings above regional averages. Apartments, however, displayed consistent performance across the metropolitan area with minimal regional differences.

1. Condominiums

The average price for condos in April 2026 fell to 2,497,000 yen, marking a decrease of 5.88% from the previous month but an increase of 10.15% year-over-year. The past two months reflect consecutive declines which is a rare occurrence over the past year. The average yield stands at 6.63%, up slightly by 0.09 points month-on-month and 0.07 points year-over-year.

Regionally, all areas except Chugoku and Shikoku reported declines, with Hokkaido seeing the most significant drop at -34.98%. Year-over-year comparisons showed notable increases in certain areas, particularly in Chugoku and Shikoku, while areas like Hokkaido and Tohoku posted significant annual declines.

2. Apartment Buildings

April 2026 recorded an average price for apartment buildings at 9,022,000 yen, showing a slight decrease of 0.77% from last month, yet a notable increase of 9.88% year-over-year. This category remains fluctuative month-to-month, showcasing a stable trend overall. The average yield for apartment buildings is 8.04%, with minor fluctuations relative to previous months.

Regional trends indicate that Kansai achieved the highest average price at 87,840,000 yen, a new high for the past year. Conversely, other regions like Tohoku and Kyushu recorded declines.

3. Detached Buildings

In April 2026, detached buildings recorded an average price of 20,236,000 yen, with a 2.98% reduction from the previous month but a 9.74% increase year-over-year. Following the peak prices seen last month, a decline was expected, and currently, the average yield stands at 7.38%.

When analyzing regional averages, Tohoku and Hokkaido reported increases, while other regions have generally declined, with Shinshu-Hokuriku experiencing the steepest drop of -22.61%.

Market Outlook and Future Trends

Kenbiya’s communications emphasize that April 2026 witnessed a downturn in national average prices across all three real estate categories compared to the previous month. However, a more optimistic view reveals that year-over-year price growth persists. Regional analyses indicate widespread price declines month-on-month, but variances suggest differing future trends across geographical locales.

Through continued aggregation and reporting of residential investment property data, Kenbiya aims to support real estate investors in making informed decisions based on concrete data.

Company Overview

Kenbiya Inc. provides valuable resources and information to real estate investors, hosting a variety of insights, articles, and market reports. Leveraging data to empower investors is at the core of their mission. For more detailed analyses and reports, follow Kenbiya and LIFULL HOME'S.