Local News

Apartments Sold in Kyushu Increase

A total of 6,671 condominiums were sold across the seven prefectures in Kyushu during 2017, which represented an 8% increase compared to the previous year. Kumamoto Prefecture experienced the biggest jump, with a 35% rise recorded. The Kyushu region witnessed a rise in the sale of smaller, urban-style condominiums aimed at elderly and single residents. The average size of properties in Kyushu’s major cities has decreased by 3.1% to 78.5 square meters. An increase in consumption tax and building costs has seen property prices rise in recent years. However, a slight respite in this trend and an increase in the number of affordable properties has resulted in a surge in the purchase of condominiums. Source: Nikkei Shimbun, 2/10/2018


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Category
Business
Fukuoka Prefecture
Published: Apr 24, 2018 / Last Updated: Apr 24, 2018

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