Tokyo Used Family Condos: Buyers' Real Asking Price Tops 100M Yen for First Time
- LIFULL HOME'S May 2026: Tokyo 23-ward family used-condo inquiry price first topped 100M yen (+50.6% YoY)
- Listing price averaged 116.94M (off its March peak) while buyer inquiry price surged to 100.21M—the gap narrowed
- Single-type and detached homes also climbed; 18.8% of 23-ward used condos now exceed 100M yen
- Family rents rose too: real inquiry rent about 184,645 yen/month (+5.4% YoY)
Japan's largest property portal LIFULL HOME'S latest report (May 2026) buries the 'weak Japanese housing' cliche: in Tokyo's 23 wards, even the price buyers actually inquire about for family used condos topped 100 million yen for the first time, up 50.6% YoY. Crucially, the gap is narrowing—listing prices eased from their March peak while buyer inquiry prices surged past 100M, signaling real demand chasing prices, not mere asking. Rents rose in tandem (family inquiry rent about 184,645 yen/month), so buying and renting got pricier together—the biggest break from 40 years ago. For Taiwanese buyers, the old 'Tokyo is cheap' view fails: negotiating room is shrinking and rental yields are compressed by high prices; factor in mortgage rates and the yen before entering.
