March 27, 2019

Commercial Property Price

A steady rise in commercial property prices continues

Published quarterly by Ministry of Land, Infrastructure, Transport and Tourism, and Japan Real Estate Institute. Updated to the quarter of October-December 2018 (published on March 27th, 2019).

Recent data trend

The July-September quarter saw a 3.1% year on year (YoY) rise in commercial property prices, an increase from the 1% YoY growth in the previous quarter. The 3.3% YoY inflation is the highest in 5 quarters. The commercial property price index has risen by 20% since 2013 with the average YoY rise of 3.7%. The 3.1% YoY rise in the July-September quarter seems very much in keeping with the pace. By categories, the apartment property index and the office property index have lead other categories i...

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Brief overview of "Commercial Property Price"

Commercial Property Price Index (CPPI) is a newly developed economic indicator currently under a trial release from the Ministry of Land, Infrastructure, Transport, and Tourism. The ministry initiated the quarterly publication in March 2016. The statistics are based on transaction values, rather than appraised values by experts.

For more information, visit the official government page.

Next Release Date: To be confirmed (likely to be in June 2019)  

Commercial Property Price of three metropolitan Areas (1984-2018)

 

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