The average price of condominiums sold in Fukuoka City from January to June exceeded 50 million yen for the first time in Kyushu. A series of large and expensive properties sold in the city center pushed up prices. While construction materials and land prices are rising and the number of units supplied is being squeezed, there is a growing trend to acquire housing as soon as possible amid growing expectations for higher interest rates. A wave of soaring housing prices is also hitting regional core cities. Source: Nikkei
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