Is the house price in Tokyo expensive? What is the trend of house prices in Tokyo, Japan in recent years?
House prices in Tokyo have always been considered as one of the most expensive in the world. The latest data shows that the average house price per square meter in Tokyo is about 654.38+10,000-200,000 yen (about 68 million-1.37 million yuan). However, the prices of different locations and types of houses in Tokyo are far from each other, reaching more than 800,000 yen/square meter at the highest, and with the passage of time, house prices continue to rise. In recent years, the trend chart of house prices in Tokyo, Japan is as follows: 20 16: Stimulated by the new policy, the real estate market in Tokyo began to recover, and with the increase in the actual purchase cost of buyers, the house prices in Tokyo continued to rise. 20 17: With the sustained recovery of Japan's economy, foreign investment has entered the Tokyo real estate market, and house prices in Tokyo have continued to rise. 20 18: The Bank of Japan maintains a low interest rate and a loose monetary policy, which reduces the cost of buying houses, and economic development boosts house prices. 20 19: under the influence of the government's regulatory policies, house prices have slightly adjusted back, but they are still on the rise. 2020: Affected by the COVID-19 epidemic, the market activity declined, and the house price in Tokyo fluctuated obviously, showing a slight upward trend as a whole. Generally speaking, house prices in Tokyo have been on the rise and are expected to continue to rise in the future.