Kenbiya, a leading real estate information provider specializing in income-generating properties, released its November 2024 Income Property Market Trends Report on December 2nd.
Kenbiya is a Japan property portal focusing on residential income generating property with listings such as strata-title condominiums, wood-frame whole buildings, and multi-family reinforced concrete (RC) buildings.
The prices and yields below are nationwide averages and are only for trend illustration purposes. The below does not constitute a guarantee of any kind. Real estate is a hyper local game so always consult a licensed realtor for your property specific needs.
Graph courtesy of Kenbiya report, edited by Patience Realty. Full report found at bottom of article.
Broken down by property type, the Month-on-Month (MoM) November 2024 data is as follows:
Strata-Title Condominiums
Average Price: ¥22.32 million, marking a 5.33% MoM increase from the previous month, the first rise in three months.
Gross Yield: 6.57%, a 0.15 basis point MoM decline.
Wood-Frame Whole Buildings
Average Price: ¥77.75 million, reflecting a 1.23% MoM decrease.
Gross Yield: 8.21%, a 0.05 MoM basis point decline.
Multi-Family RC Buildings
Average Price: ¥178.84 million, showing a 1.65% MoM increase.
Gross Yield: 7.73%, a 0.03 MoM basis point decline.
Further Reading:
Kenbiya November 2024 Japan Income Property Market Trends Report (Japanese only)
Source:
R.E. Port News (Japanese only)
