Tokyo Used Condo Prices Drop for First Time in Over Two Years

🇯🇵 Bloomberg (JP) —

AI Summary

Used condominium prices in Tokyo have dropped for the first time in over two years in August, due to rising mortgage rates impacting buyer sentiment. This marks a notable shift in the Japan real estate market as borrowing costs increase.

Used condominium prices in Tokyo dropped for the first time in more than two years in August as rising mortgage rates start to weigh on sentiment among home buyers, according to a research firm.

Markets Real Estate Tokyo used condominiums real estate prices mortgage rates housing market Japan

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