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second-hand apartment prices in japan's three major metropolitan areas all increased month-on-month in august.

according to a report released by tokyo kantei, a japanese real estate research company (price trends per 70 square meters for family-type housing), in august, the price of second-hand apartments in the japanese capital area (tokyo metropolitan area) rose again after three months. it increased by 1.6% from the previous month, reaching 47.05 million yen (converted into rmb, approximately 31,700 yuan/square meter, the same below).

image source: tokyo kantei official website

among them, driven by tokyo's 23 wards, prices in tokyo have experienced four consecutive months of rising prices, rising 2.4% month-on-month in august to 67.29 million yen (approximately 45,200 yuan/square meter), and the year-on-year increase also expanded to 5% above. specifically, the average price in tokyo's 23 wards increased by 2.6% from the previous month to 77.5 million yen (approximately 52,300 yuan/square meter), a year-on-year increase of more than 10%. prices in tokyo's core 6 districts have risen for 19 consecutive months, rising 3.9% month-on-month in august to 127.56 million yen (approximately 86,000 yuan/square meter), a year-on-year increase of 20%.

the average price in the kinki area (osaka metropolitan area) increased slightly by 0.4% from the previous month to 28.67 million yen (approximately 19,300 yuan/square meter), achieving three consecutive months of increases. osaka prefecture rose slightly by 0.4% to 31.32 million yen (about 21,100 yuan/square meter), but this was the fifth consecutive month of increase. since june this year, the price has been higher than the same period last year. the average price in the central area increased by 0.2% from the previous month, reaching 22.47 million yen (approximately 15,100 yuan/square meter).