Official announcement of real estate price index (Sep 2023 and 3rd quarter of 2023) MoM basis real estate price index: 0.6% rise on housing, 1.6% rise on commercial.
【POINT】 (1) Housing real estate price index (Sep 2023. Figure seasonally adjusted) Nationwide general housing 135.6 MoM 0.6% increase Residential area 114.6(MoM 0.9% increase), single family house 115,9(MoM 0.2% increase), condominium 193.5(MoM 0.7% increase).
(2) Commercial real estate price index (3rd quarter of 2023. Figure seasonally adjusted) Nationwide general commercial real estate 139.3, QoQ 1.6% increase Retail 155.1(QoQ 0.2% increase), office 165.6(QoQ 3.6% increase), Condominium/Apartment building 157.8(0.5% decrease).
MLIT(Ministry of Land, Infrastructure, Transport and Tourism) recently announced the real estate price index (single house and commercial real estate). General single house real estate figure seasonal adjustment MoM rose 1.7%, General commercial real estate figure seasonal adjustment MoM rose 0.8%.
Written by Tsuyoshi Hikichi