In Tokyo's 23 central wards, the average new condominium price reached a record ¥137.84 million in fiscal 2025, according to Resident Magazine. Overseas buyers accounted for 3.5 percent of newly built condominiums in these wards during the first half of 2025. This figure more than doubled the 1.6 percent recorded across all of 2024.
Luxury real estate continues to perform relatively strongly, with potential for future growth, states RISMedia. However, a significant portion of this growth is driven by buyers seeking refuge from global turmoil, not just economic opportunity.
The global luxury real estate market's strength appears tied to ongoing geopolitical shifts and the search for stable assets. The market's strength potentially exacerbates housing affordability issues in desirable urban centers.
What We Know About Luxury Real Estate Shifts
- The average new condominium in Tokyo's 23 central wards reached ¥137.84 million in fiscal 2025, according to Resident Magazine.
- Overseas buyers comprised 3.5 percent of newly built condominiums in Tokyo's 23 wards in the first half of 2025, more than doubling the 1.6 percent from 2024, states Resident Magazine.
- Luxury real estate maintains strong performance and growth potential, according to RISMedia.
- Wealthy Polish, American, and Gulf-based buyers acquire luxury properties in Spain, seeking refuge from ongoing wars and turmoil, reports Reuters.
Geopolitical Shifts and Open Markets Fueling Demand
Wealthy Polish, American, and Gulf-based buyers increasingly purchase luxury properties in Spain, according to Reuters. These buyers seek refuge from ongoing wars and turmoil, transforming real estate into a safe haven.
Japan's open ownership laws facilitate this trend; foreigners own land and buildings with similar rights as citizens. Ownership is separate from residency, reports Resident Magazine. Japan's open ownership laws and separate ownership from residency make Tokyo a stable destination for global capital.
