Japanese house prices are more than 10 times annual income, 18 times in Tokyo

According to the Jinshi data on December 12th, the speed of new residential building prices in Japan has pumped faster than the rise in wages, making it increasingly difficult for the actual demand class to afford. The popularity of residential properties as investment targets is deeply rooted, and developers are supplying a large number of residential properties worth over 100 million yen. Especially in Tokyo, the average price has reached 18 times the annual income, becoming a market that disregards the actual demand class. Looking at the various prefectures in Japan, the highest house price to income ratio is 17.78 times in Tokyo. The average annual income is 5.92 million yen, while the residential building prices reach 105.26 million yen.