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Tokyo's Housing Prices Surge Amid Affordability Crisis

12/8/2025

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Summary

Story summary

Tokyo led prime residential prices and rents in the last quarter, with a 56% year-over-year price rise and a 9.6% rise in prime rents.
In Japan, real wages fell 0.7% in October, intensifying the cost-of-living crisis.
The Tokyo government has initiated an affordable housing fund to offer rental flats at a 20% discount.
Urban Land Institute notes an Asia-wide affordability crisis, with homes less attainable across 40 countries.

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Story summary

Tokyo led prime residential prices and rents in the last quarter, with a 56% year-over-year price rise and a 9.6% rise in prime rents.
In Japan, real wages fell 0.7% in October, intensifying the cost-of-living crisis.
The Tokyo government has initiated an affordable housing fund to offer rental flats at a 20% discount.
Urban Land Institute notes an Asia-wide affordability crisis, with homes less attainable across 40 countries.