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House price growth in Japan

Are homes there getting further out of reach right now?

Japan's house price growth is 2.31 % #26 of 54 countries on the atlas (lower is better). Period 2025-Q4.

2.31%

Checked 21 Sept 2026Period 2025-Q4

Source: BIS residential property prices

Real house prices in Japan rose 2.3 % over the past year — beyond general inflation.

House price growth in Japan over time

8.33 %2.09 %-4.14 %8.33 % · Q3 2021-4.14 % · Q2 2009Q1 2006: -3.70 %Q2 2006: -3.44 %Q3 2006: -3.29 %Q4 2006: -2.46 %Q1 2007: -1.44 %Q2 2007: -1.07 %Q3 2007: -0.60 %Q4 2007: -1.22 %Q1 2008: -1.70 %Q2 2008: -2.54 %Q3 2008: -3.83 %Q4 2008: -3.55 %Q1 2009: -4.10 %Q2 2009: -4.14 %Q3 2009: -0.77 %Q4 2009: -0.83 %Q1 2010: 1.28 %Q2 2010: 2.94 %Q3 2010: 2.28 %Q4 2010: 2.29 %Q1 2011: 1.37 %Q2 2011: 0.59 %Q3 2011: 0.09 %Q4 2011: -0.68 %Q1 2012: -0.81 %Q2 2012: -1.27 %Q3 2012: -1.04 %Q4 2012: -0.19 %Q1 2013: 0.20 %Q2 2013: 2.01 %Q3 2013: 1.59 %Q4 2013: 1.37 %Q1 2014: 1.54 %Q2 2014: -2.00 %Q3 2014: -2.21 %Q4 2014: -1.94 %Q1 2015: 0.07 %Q2 2015: 1.92 %Q3 2015: 2.75 %Q4 2015: 1.72 %Q1 2016: 1.58 %Q2 2016: 3.35 %Q3 2016: 2.25 %Q4 2016: 2.22 %Q1 2017: 3.55 %Q2 2017: 1.60 %Q3 2017: 1.83 %Q4 2017: 1.23 %Q1 2018: 0.24 %Q2 2018: 1.23 %Q3 2018: 0.66 %Q4 2018: 1.63 %Q1 2019: 2.00 %Q2 2019: 1.19 %Q3 2019: 0.91 %Q4 2019: 0.45 %Q1 2020: -1.10 %Q2 2020: -0.83 %Q3 2020: -0.15 %Q4 2020: 2.52 %Q1 2021: 3.90 %Q2 2021: 6.25 %Q3 2021: 8.33 %Q4 2021: 6.29 %Q1 2022: 8.12 %Q2 2022: 6.66 %Q3 2022: 4.85 %Q4 2022: 3.53 %Q1 2023: 1.07 %Q2 2023: -0.13 %Q3 2023: -0.97 %Q4 2023: -0.86 %Q1 2024: -0.03 %Q2 2024: 0.04 %Q3 2024: 0.45 %Q4 2024: -0.14 %Q1 2025: 0.88 %Q2 2025: 0.25 %Q3 2025: 1.41 %Q4 2025: 2.31 %Q1 2006Q1 2016Q4 20252.31 %
80 official observations, Q1 2006Q4 2025. Every point is a published value — never interpolated.
Rank
#26 of 54
lower is better
Ranked behind
52 %
28 of 54 countries
Latest move
▲ 0.90 pp
since Q3 2025
Year on year
▲ 2.45 pp
over 12 months
Below its peak
6.02 pp
peak 8.33 % in Q3 2021
Full series
▲ 6.01 pp
since Q1 2006

In Asia: #10 of 12vs median 2.49 %: −0.18 pp (better)

Among 54 countries

2 of 54 countries between -6.81 % and -6.11 %1 of 54 countries between -4.01 % and -3.31 %4 of 54 countries between -3.31 % and -2.62 %3 of 54 countries between -2.62 % and -1.92 %2 of 54 countries between -1.92 % and -1.22 %2 of 54 countries between -1.22 % and -0.52 %3 of 54 countries between -0.52 % and 0.18 %5 of 54 countries between 0.18 % and 0.88 %3 of 54 countries between 1.58 % and 2.28 %5 of 54 countries between 2.28 % and 2.97 %2 of 54 countries between 2.97 % and 3.67 %3 of 54 countries between 3.67 % and 4.37 %2 of 54 countries between 4.37 % and 5.07 %2 of 54 countries between 5.07 % and 5.77 %1 of 54 countries between 5.77 % and 6.47 %3 of 54 countries between 6.47 % and 7.17 %4 of 54 countries between 7.17 % and 7.86 %2 of 54 countries between 7.86 % and 8.56 %5 of 54 countries between 9.26 % and 9.96 %median 2.40 %Japan: ahead of 52 % of the 54 countries with a published house price growthJapan 2.31 %-6.81 %9.96 %
Half of all 54 countries sit between -0.52 % and 6.20 %. Japan is ahead of 52 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.

The neighbourhood

#CountryHouse price growthvs Japan
24 Singapore1.90 %−0.41 pp
25 Thailand1.93 %−0.38 pp
26 Japan2.31 %
27 Chile2.40 %+0.10 pp
28 Netherlands2.57 %+0.26 pp

Real year-on-year change in residential property prices (BIS). Framed for buyers — slower growth is greener; homeowners may read it the other way.

How to read this figure

Real year-on-year change in residential property prices from the BIS — inflation-adjusted, so it shows whether homes beat or trailed prices in general. Base-independent, which is what makes ~60 countries honestly comparable in one ranking. The colour scale takes the buyer’s side (slower growth = greener); an existing owner may read it the opposite way.

House price growth, all countries ranked →Compare Japan with another country →Everything about Japan
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