Asia · JPY · OECD
Japan Housing Market Data
House prices in Japan rose 5.0% in the year to Q4 2025, based on BIS data. After inflation, prices gained 2.4% over the same period. Rents changed +0.7% year on year. Over five years the nominal index is +26.5%.
Japan
Japan house price index report
- Author
- Global Property Search Research DeskMarket data team
- Last update
- Oct 2025
- Next update
- Oct 2026
- Reviewed against
- MSCI Real Capital Analytics — Transactions Report, CBS / Kadaster — Bestaande koopwoningen prijsindex, BIS Selected Residential Property Prices +7 more
Independently researched and fact-checked against official sources. See our methodology and data sources.
Prices, year on year
+5.0%
Nominal, to Q4 2025
Prices after inflation
+2.4%
Real terms, year on year
Five-year change
+26.5%
Nominal index
Rents, year on year
+0.7%
Rent price index
Quarter on quarter
-0.6%
Most recent quarter
Ten-year change
+38.9%
Nominal index
Price-to-income
114.1
OECD index, 2015 = 100
Price-to-rent
139.7
OECD index, 2015 = 100
Japan house price history and latest market news
The nominal house price index for Japan runs from Q1 2000 to Q4 2025. Over that period the index moved from 138.4 to 137.9 (2015 = 100), a change of -0.3%.
The highest reading in the series is 138.7 in Q3 2025, which puts the most recent quarter -0.6% against that peak. The lowest reading is 93.2 in Q2 2009.
Latest update: the most recent published quarter is Q4 2025, sourced from BIS Selected Residential Property Prices, OECD Analytical House Price Indicators. New readings are added to this page as each statistical agency publishes, so the history above always reflects the latest official release rather than an estimate.
House price index since 2000
Indices rebased so the 2015 average equals 100. Source: BIS.
Recent quarters in Japan
| Quarter | Nominal index | Real index | Rent index |
|---|---|---|---|
| Q3 2026 | — | — | 101.0 |
| Q2 2026 | — | — | 100.8 |
| Q1 2026 | — | — | 100.6 |
| Q4 2025 | 137.9 | 120.0 | 100.5 |
| Q3 2025 | 138.7 | 121.5 | 100.3 |
| Q2 2025 | 137.0 | 120.3 | 100.2 |
| Q1 2025 | 138.5 | 122.6 | 100.0 |
| Q4 2024 | 131.3 | 117.1 | 99.9 |
| Q3 2024 | 133.0 | 120.0 | 99.8 |
| Q2 2024 | 132.1 | 120.2 | 99.7 |
| Q1 2024 | 132.3 | 121.4 | 99.5 |
| Q4 2023 | 127.8 | 117.3 | 99.5 |
Japan housing market questions
- Are house prices rising or falling in Japan?
- Nominal house prices in Japan changed +5.0% in the year to Q4 2025. In real terms, after consumer price inflation, the change was +2.4%.
- How much have house prices risen in Japan over five years?
- The nominal house price index for Japan is +26.5% compared with five years earlier, and +38.9% compared with ten years earlier.
- Where does this Japan housing data come from?
- Figures come from BIS Selected Residential Property Prices, OECD Analytical House Price Indicators. Every index is rebased so 2015 = 100, which makes countries and sources directly comparable.
Sources and licensing
- Sources: National sources, BIS Residential Property Price database, https://www.bis.org/statistics/pp.htm Source page
- Source: OECD Analytical House Price Indicators Source page
Read how we normalise and compare these series in our methodology, or browse all countries.
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