National Average Price of Entire Apartment Buildings Reaches Record High: "Income Property Market Trend Monthly Report" March 2026

Kenbiya Co., Ltd., a group company of LIFULL Co., Ltd. which is committed to solving social issues through its business, and operates the real estate investment and income property information sites "Kenbiya" (hereinafter, Kenbiya) and "LIFULL HOME'S Real Estate Investment," has released the March 2026 edition of its "Income Property Market Trend Monthly Report."

The Income Property Market Trend Monthly Report compiles data (gross yield, property price) for three types of residential income-generating properties (condominiums, entire apartment houses, and entire apartment buildings) registered with Kenbiya nationwide, and publishes the latest market trends.

For detailed report download, click [here](https://www.kenbiya.com/img/press/pre2026-04-08.pdf).

Topics

* All three property types continue to show an upward trend compared to the previous year. The national average price of entire apartment buildings (208.58 million yen) updated its highest value since data collection began in April 2008. The national average price of entire apartment houses (90.92 million yen) became the second highest figure since data collection began. The average yield remained largely flat both month-on-month and year-on-year.

* From the March period, a summary of "Tokyo and three surrounding prefectures" and "23 wards of Tokyo" is also included. The Tokyo metropolitan area shows a tendency to link with figures for the capital region. The 23 wards of Tokyo show a larger fluctuation range than the Tokyo metropolitan area; the month-on-month change in condominium prices was -1.61% for the Tokyo metropolitan area, while it was -2.56% for the 23 wards. The year-on-year change was 14.87% for the Tokyo metropolitan area, while it was +21.98% for the 23 wards.

* **Condominiums** Hokkaido (45.35 million yen) and Kansai (87.28 million yen) updated their highest values in the past year, and month-on-month, prices increased in all regions. Year-on-year, prices also increased in many regions. Yields showed regional variations both month-on-month and year-on-year, but overall, movements remained small.

* **Entire Apartment Houses** The national average price slightly decreased month-on-month but significantly increased year-on-year. Regionally, while price trends varied month-on-month, all areas surpassed the previous year's prices year-on-year. Yields remained largely flat overall, with only minor fluctuations.

* **Entire Apartment Buildings** The national average price (208.58 million yen) updated its highest value since data collection began. Regionally, the Tokyo metropolitan area (239.96 million yen), Kansai (177.33 million yen), and Kyushu/Okinawa (190.99 million yen) also reached their highest values in the past year. Year-on-year, significant increases were observed in Shinshu/Hokuriku (+28.58%) and Kansai (+21.62%). Yields were largely flat month-on-month, but showed significant regional variations year-on-year.