From Nikkei Asia · · 30s
Tokyo Condo Prices Hit Record
Tokyo condo prices hit half-year record as slowdown signs emerge.
In brief
Tokyo condo prices hit half-year record as slowdown signs emerge. Tokyo area condo prices reached 100 million yen average in six months to September, the highest ever, but signs of a slowdown appear amid rising interest rates. Originally reported by Nikkei Asia.
Tokyo condo prices
Tokyo area condo prices hit half-year record at 100 million yen average in six months to September.
Rising interest rates
Banks raising mortgage rates squeeze homebuyers' borrowing capacity.
Signs of slowdown
Declining supply of units on market signals potential price correction.
At a glance
Tokyo area condo prices reached 100 million yen average in six months to September, the highest ever, but signs of a slowdown appear amid rising interest rates.
