Buying a new condo in Japan costs 10 times average salary
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TOKYO -- Prices of new housing in Japan rose faster than wages last year, with demand for investment properties leading to a proliferation of luxury condominiums and making the market less affordable for actual homebuyers.
The nationwide average price for condos coming on the market in 2023 came in at 10.09 times the average annual income, according to real estate consultancy Tokyo Kantei.
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