First Logic Co., Ltd.
The price of a condominium for investment hits a record high, and the price of an entire condominium also rises
October-December 2022 Investment Real Estate Market Trends
First Logic Co., Ltd. (Headquarters: Chuo-ku, Tokyo, Tokyo Stock Exchange Standard, Securities Code: 6037), which operates the largest real estate investment site “Rakumachi” (https://www.rakumachi.jp) in Japan, invests on the site. We will announce the results of the real estate market survey for the period from October to December 2022. (Period: October 1, 2022 to December 31, 2022, Target: Properties newly posted on “Rakumachi” nationwide during the period)
≪Points of this release≫
・Prices of compartmentalized condominiums increased for three consecutive quarters. It was the highest amount ever since the collection started in 2012.
・The price of a condominium building increased by 5.88 million yen from the previous quarter, reaching the 200 million yen level for the first time in the April-June quarter of 2022.
・Although the price of a single apartment fell from the record high in the previous quarter, it remained at the 70 million yen level. ■ Report overview
The unit price of condominiums rose for three consecutive quarters, reaching a record high of 17.82 million yen. Condominium prices also rose, returning to the 200 million yen level for the first time in a quarter. Although the price of the whole apartment fell compared to the previous quarter, it still maintains a high price of 70 million yen. Real estate prices are trending upward overall in the
October-December quarter of 2022, but there is a possibility that prices will fall in the future due to the review of the Bank of Japan’s monetary easing announced in December last year. I would like to pay attention to how real estate prices, which have continued to rise under ultra-low interest rates, will change.
Company name: First Logic Co., Ltd.
Listed Market: Tokyo Stock Exchange Standard (Securities Code: 6037) Head office: 3-3-5 Hatchobori, Chuo-ku, Tokyo Sumitomo Realty & Development Hatchobori Building 5F
Established: August 23, 2005
Business description: Operation of Rakumachi, the largest real estate investment site in Japan
Details about this release:
First Logic Co., Ltd.