Tokyo's Real Estate Market Surges in 2024

Summary: Tokyo's residential real estate market has seen significant growth in 2024, with rising land prices and strong demand across both rental and buying sectors. Residential land prices in Tokyo have increased by 4.6%, driven by low interest rates, urban redevelopment, and increasing foreign investment. Areas like Minato and Shibuya remain in high demand, especially for luxury apartments. Despite concerns about a potential bubble, the market's resilience is bolstered by Japan's favorable financing conditions and a stable economic environment. However, investors are advised to remain cautious of potential price corrections.