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Overview of Japan's Real Estate Market

As of December 2025, Japan's real estate market is witnessing unprecedented growth, with average prices for various types of apartment investments reaching all-time highs since January 2005. The results from the latest monthly report on income property trends, published by Kenbiya, a subsidiary of LIFULL Corporation, reveal significant changes in the property sector. The report focuses on three property types: condominium units, whole apartment buildings, and whole mansions.

Key Highlights

Condominium Units

Despite declines in average prices in the Tohoku Region and Kyushu-Okinawa, the national average price for condominium units has risen by 4.93% compared to the previous month, reaching JPY 28,110,000. Over the last year, prices have surged by 25.60%, maintaining a strong upward trend. The nationwide average yield stands at 6.52%, showing minor fluctuations but remaining nearly stable.

Regionally, the Tokyo area saw a 4.59% increase from the previous month, while Kansai reported a 2.47% increase year-on-year. However, both Tohoku and Kyushu-Okinawa experienced price drops. Of notable mention is the Tokai area, which rebounded with a 31.90% increase from last month, while also marking a 7.69% increase year-on-year.

Whole Apartment Buildings

The national average price for whole apartment buildings has surpassed JPY 92,450,000 for the first time. The latest figures show a monthly increase of 4.13% and a year-on-year uptick of 18.62%. Interestingly, the average yield held steady, with a slight drop compared to the prior month and year. The capital region's average price soared to JPY 103,280,000, marking significant annual growth of 23.20%.

Looking across various regions, there were mixed results in monthly changes; however, each area exhibited an increase compared to last year. Regions like Shinshu-North Hokuriku and Kyushu-Okinawa saw significant monthly gains, while some areas experienced slight declines. The wider trend reflects an overall price increase with slight yield variances.

Whole Mansions

The whole mansion market also reflects an upward trajectory, with the average price now exceeding JPY 205,520,000, an increase of 3.72% from the previous month and 16.44% from the previous year. The national average yield remains at 7.35%, but a decrease year-on-year suggests a trend of diminishing returns.

Significant price elevations were observed across the board; the regions of Hokkaido, Tohoku, and Shinshu-North Hokuriku all noted surges exceeding 10%. While yields were relatively stable, many regions recorded marginal declines, suggesting market adjustments as prices climb.

Conclusion

The data illustrates a robust yet complex picture of Japan's real estate market as of December 2025. All property types have surpassed their highest price records since 2005, suggesting a healthy demand for investments. However, even with rising prices, average yields are exhibiting a downward trend.

This report not only assists investors in making informed decisions but also offers insights into the ongoing challenges and opportunities within the Japanese real estate market. By continuously publishing these reports, Kenbiya aims to help investors navigate the market effectively based on reliable data.

About Kenbiya

Kenbiya is a comprehensive property information platform that focuses on providing valuable insights into real estate investments. It empowers users with knowledge about investment properties, expert columns, and real estate market news, fostering better decision-making in property investments.

For detailed reports and data downloads, please visit Kenbiya's website.