Kenbiya, a Japanese property portal focusing exclusively on advertising residential investment property, released the results of their bi-annual nationwide gross yield ranking report.
The data was compiled on newly listed properties on their website from January to June of 2023.
Key Takeaways:
Niigata City dominated yields, surpassing 10% in all property types.
Niigata City and Sakai City are the only cities that saw yield increases in all categories.
Yields decreased in three cities: Yokohama City, Chiba City, and Kyoto City.
Kenbiya measured the yields of residential income properties in all categories, including strata-title condominiums, wood frame whole buildings, and reinforced concrete whole buildings.
Only properties located in ordinance-designated cities were included in the survey. These cities are those with populations over 500,000 amongst other legal designations.
Tokyo’s 23 wards are exempt from this legal definition.
The following are the results of Kenbiya’s findings:
Data courtesy of Kenbiya.
Continuing its streak from the previous report that covered the second half of 2022, Niigata City has again secured the top position in gross yield, surpassing 10% in all three property categories.
Out of the 20 cities surveyed, yield increased in 6 cities for strata title condos, 11 cities for wood frame whole buildings, and 7 cities for reinforced concrete whole buildings.
Niigata City and Sakai City are the only cities that saw yield increases in all property categories, while yield decreased in three cities: Yokohama City, Chiba City, and Kyoto City.
Notable changes include Kumamoto City dropping from 6th to 10th place in the wood frame whole building category.
In the reinforced concrete whole building category, Sendai City rose from 14th to 6th place, Chiba City dropped from 6th to 12th place, and Saitama City fell from 11th to 15th place.
The next report will be released in February of 2024.
