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
Photo for image purpose only, provided by the City of Fukuoka.
Disclaimer: Fukuoka Now posts summaries of Kyushu area related news for the benefit of those who cannot read Japanese. Contents posted here are mostly summaries of publicly posted news stories from Japanese media organizations. Errors might occur during translation. Those errors are ours, and not the news source’s. Photos and images are sourced separately and are for illustrative purposes only. Please use this form to send feedback and questions.