In 2023, the price to income ratio for condominiums in the Greater Tokyo Area in Japan was 7., slightly down from 7.8 in the previous year. The price to income ratio is an indicator for housing affordability.
Price to income ratio for condominiums in the Greater Tokyo Area from 2014 to 2023
The ratio was calculated by dividing the average price* for new private condominiums offered for sale by the average annual income**.
*Average price for new condominiums for sale in Tokyo, Kanagawa, Chiba, and Saitama Prefectures. **From 2018 onwards, the annual income is the average annual income of working households in the Kanto region (Gunma, Tochigi, Ibaraki, Saitama, Tokyo, Chiba, and Kanagawa Prefectures). Until 2017, the figures are based on the annual income of working households in the Kanto Major Metropolitan Areas (central cities and surrounding areas of Gunma, Tochigi, Ibaraki, Saitama, Tokyo, Chiba, Kanagawa, Shizuoka, and Yamanashi Prefectures). From 2020 onwards, figures are based on the price to income ratio of respondents in the Flat 35 User Survey.
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The Real Estate Transaction Promotion Center. (October 30, 2024). Price to income ratio for condominiums in the Greater Tokyo Area from 2014 to 2023 [Graph]. In Statista. Retrieved May 24, 2025, from https://www.statista.com/statistics/1202843/japan-price-to-income-ratio-for-condominiums-in-greater-tokyo/
The Real Estate Transaction Promotion Center. "Price to income ratio for condominiums in the Greater Tokyo Area from 2014 to 2023." Chart. October 30, 2024. Statista. Accessed May 24, 2025. https://www.statista.com/statistics/1202843/japan-price-to-income-ratio-for-condominiums-in-greater-tokyo/
The Real Estate Transaction Promotion Center. (2024). Price to income ratio for condominiums in the Greater Tokyo Area from 2014 to 2023. Statista. Statista Inc.. Accessed: May 24, 2025. https://www.statista.com/statistics/1202843/japan-price-to-income-ratio-for-condominiums-in-greater-tokyo/
The Real Estate Transaction Promotion Center. "Price to Income Ratio for Condominiums in The Greater Tokyo Area from 2014 to 2023." Statista, Statista Inc., 30 Oct 2024, https://www.statista.com/statistics/1202843/japan-price-to-income-ratio-for-condominiums-in-greater-tokyo/
The Real Estate Transaction Promotion Center, Price to income ratio for condominiums in the Greater Tokyo Area from 2014 to 2023 Statista, https://www.statista.com/statistics/1202843/japan-price-to-income-ratio-for-condominiums-in-greater-tokyo/ (last visited May 24, 2025)
Price to income ratio for condominiums in the Greater Tokyo Area from 2014 to 2023 [Graph], The Real Estate Transaction Promotion Center, October 30, 2024. [Online]. Available: https://www.statista.com/statistics/1202843/japan-price-to-income-ratio-for-condominiums-in-greater-tokyo/
