【April 2026 Real Estate Market Report】Spring 2026: Real Estate Reaches a 'Turning Point' – Trends in Owner-Occupier and Investment Real Estate, and Popular Station Rankings from the Perspective of Consumers and Professionals Released
TERASS Inc. has released its April 2026 Real Estate Market Report, analyzing trends in owner-occupier and investment real estate, and popular station rankings in the Tokyo metropolitan area, against the backdrop of rapidly rising housing loan interest rates, signaling a 'turning point' for the real estate market.
📋 Article Processing Timeline
- 📰 Published: April 24, 2026 at 20:00
- 🔍 Collected: April 24, 2026 at 11:31
- 🤖 AI Analyzed: April 24, 2026 at 12:27 (55 min after Collected)
TERASS Inc. (Minato-ku, Tokyo; Representative Director: Ryosuke Eguchi), a company offering real estate brokerage-related services, has released the April 2026 edition of its "TERASS Market Report," which summarizes market trends in residential and investment real estate. We invite you to take a look.
[Click here for materials where all data and topics can be viewed]
https://terass.com/marketreport
In the residential real estate sector, used condominiums see balanced supply and demand, while the decrease in new detached housing inventory continues.
Trends in prices and inventory of used condominiums and new detached houses for residential use (Tokyo metropolitan area)
(Source: Graph created by our company from REINS TOWER operated by the East Japan Real Estate Information Organization)
[Used Condominiums]
The contract price per square meter for used condominiums is gradually rising, with an upward trend observed in all prefectures across the one metropolis and three prefectures (Tokyo, Kanagawa, Saitama, Chiba). Inventory remains flat. Within the one metropolis and three prefectures, Tokyo shows a noticeable rise, while others are flat or decreasing.
(Source: Graph created by our company from REINS TOWER operated by the East Japan Real Estate Information Organization)
[New Detached Houses]
New detached house prices had largely remained flat, but have shown a gradual upward trend over the past six months. The rise is particularly significant in Tokyo within the one metropolis and three prefectures.
Inventory has continued its decreasing trend since February 2024. Among the one metropolis and three prefectures, only Chiba Prefecture shows an increasing trend.
Housing Loan Interest Rate Trends
(Source: Graph created by our company from Diamond Real Estate Institute)
Variable housing loan interest rates, after bottoming out at 0.487% in July 2024, began to rise, significantly increasing in October 2024 and April 2025 following policy rate hikes. After a period of gradual increase, they again rose sharply in March 2026, breaking the 1% mark.
Meanwhile, fixed interest rates have also continued to rise significantly, with notable increases from December 2025 and in March 2026. Currently, 10-year fixed rates are in the 2% range, and 35-year fixed rates are reaching the 3% range.
Popular Station Ranking Based on "Terass Offer," a Home Search Website Used by Approximately 58,000 People
Terass Offer is an agent-proposal based home search website that helps users find the "real estate agent best suited to them." Since its release in June 2020, cumulative users have reached approximately 58,000, and the number of chat rooms (agent-user matches) has exceeded 200,000, indicating continuous growth in usage.
The following is our unique ranking of popular stations in the one metropolis and three prefectures, compiled from data registered by customers as their desired stations on Terass Offer.
(Aggregation period: October 2025 - March 2026)
[Tokyo]
Meguro remains the undisputed No.1. Ogikubo is ranked 2nd, same as the previous period, and Mitaka climbed 3 points to 3rd place. Major stations on the Chuo Line occupy ranks 2 to 5.
[Kanagawa Prefecture]
Yokohama, which was 2nd in the previous period, reclaimed the top spot, with Musashi-Kosugi coming in 2nd. Areas along the Tokyu Toyoko Line and Tokaido Line with good access to the city center continue to be popular, as in the previous period.
[Saitama Prefecture]
Omiya and Urawa, which were 1st and 2nd respectively in the previous period, swapped places, with Omiya now 1st. Minami-Urawa remains in the top 3, similar to the previous period. The central areas of Saitama City are ranked high. Additionally, areas along the Arakawa River with good access to Tokyo, such as Kawaguchi, Yono, and Naka-Urawa, are notably popular.
[Chiba Prefecture]
Nishi-Funabashi, which was 4th in the previous period, took 1st place. The top 3, including Funabashi and Keisei Funabashi, and the top 6 areas remain unchanged. Areas along the Edogawa River, such as Motoyawata, Keisei Yawata, and Matsudo, and central Chiba areas like Chiba itself, are gaining popularity.
In the investment real estate sector, prices are on an upward trend, but yields are stable.
Trends in prices and surface yields of sectional ownership condominiums, whole building condominiums, and whole building apartments for investment (nationwide)
(Source: Rakumachi (Firstlogic Inc.) Investment Real Estate Market Trends Report 2025.4.8)
[Sectional Ownership Condominiums]
Prices of sectional ownership condominiums continue their upward trend, reaching their highest value in the past five years. Surface yields are almost flat from last year at 6.72%. Over the past five years, there has been a declining trend.
(Source: Rakumachi (Firstlogic Inc.) Investment Real Estate Market Trends Report 2025.4.8)
[Whole Building Condominiums]
Prices of whole building condominiums have continued to rise since April 2025, reaching their highest value in the past five years in the January-March 2026 quarter. Surface yields fluctuate slightly between 7.5% and 8.0%, showing a gradual upward trend.
(Source: Rakumachi (Firstlogic Inc.) Investment Real Estate Market Trends Report 2025.4.8)
[Whole Building Apartments]
Prices of whole building apartments have continued a gradual rise, reaching their highest value in the January-March 2026 quarter. Surface yields have been on an upward trend since 2023 due to rising rents, reaching their highest value in the April-June 2025 quarter.
Keywords:
[Click here for materials where all data and topics can be viewed]
https://terass.com/marketreport
In the residential real estate sector, used condominiums see balanced supply and demand, while the decrease in new detached housing inventory continues.
Trends in prices and inventory of used condominiums and new detached houses for residential use (Tokyo metropolitan area)
(Source: Graph created by our company from REINS TOWER operated by the East Japan Real Estate Information Organization)
[Used Condominiums]
The contract price per square meter for used condominiums is gradually rising, with an upward trend observed in all prefectures across the one metropolis and three prefectures (Tokyo, Kanagawa, Saitama, Chiba). Inventory remains flat. Within the one metropolis and three prefectures, Tokyo shows a noticeable rise, while others are flat or decreasing.
(Source: Graph created by our company from REINS TOWER operated by the East Japan Real Estate Information Organization)
[New Detached Houses]
New detached house prices had largely remained flat, but have shown a gradual upward trend over the past six months. The rise is particularly significant in Tokyo within the one metropolis and three prefectures.
Inventory has continued its decreasing trend since February 2024. Among the one metropolis and three prefectures, only Chiba Prefecture shows an increasing trend.
Housing Loan Interest Rate Trends
(Source: Graph created by our company from Diamond Real Estate Institute)
Variable housing loan interest rates, after bottoming out at 0.487% in July 2024, began to rise, significantly increasing in October 2024 and April 2025 following policy rate hikes. After a period of gradual increase, they again rose sharply in March 2026, breaking the 1% mark.
Meanwhile, fixed interest rates have also continued to rise significantly, with notable increases from December 2025 and in March 2026. Currently, 10-year fixed rates are in the 2% range, and 35-year fixed rates are reaching the 3% range.
Popular Station Ranking Based on "Terass Offer," a Home Search Website Used by Approximately 58,000 People
Terass Offer is an agent-proposal based home search website that helps users find the "real estate agent best suited to them." Since its release in June 2020, cumulative users have reached approximately 58,000, and the number of chat rooms (agent-user matches) has exceeded 200,000, indicating continuous growth in usage.
The following is our unique ranking of popular stations in the one metropolis and three prefectures, compiled from data registered by customers as their desired stations on Terass Offer.
(Aggregation period: October 2025 - March 2026)
[Tokyo]
Meguro remains the undisputed No.1. Ogikubo is ranked 2nd, same as the previous period, and Mitaka climbed 3 points to 3rd place. Major stations on the Chuo Line occupy ranks 2 to 5.
[Kanagawa Prefecture]
Yokohama, which was 2nd in the previous period, reclaimed the top spot, with Musashi-Kosugi coming in 2nd. Areas along the Tokyu Toyoko Line and Tokaido Line with good access to the city center continue to be popular, as in the previous period.
[Saitama Prefecture]
Omiya and Urawa, which were 1st and 2nd respectively in the previous period, swapped places, with Omiya now 1st. Minami-Urawa remains in the top 3, similar to the previous period. The central areas of Saitama City are ranked high. Additionally, areas along the Arakawa River with good access to Tokyo, such as Kawaguchi, Yono, and Naka-Urawa, are notably popular.
[Chiba Prefecture]
Nishi-Funabashi, which was 4th in the previous period, took 1st place. The top 3, including Funabashi and Keisei Funabashi, and the top 6 areas remain unchanged. Areas along the Edogawa River, such as Motoyawata, Keisei Yawata, and Matsudo, and central Chiba areas like Chiba itself, are gaining popularity.
In the investment real estate sector, prices are on an upward trend, but yields are stable.
Trends in prices and surface yields of sectional ownership condominiums, whole building condominiums, and whole building apartments for investment (nationwide)
(Source: Rakumachi (Firstlogic Inc.) Investment Real Estate Market Trends Report 2025.4.8)
[Sectional Ownership Condominiums]
Prices of sectional ownership condominiums continue their upward trend, reaching their highest value in the past five years. Surface yields are almost flat from last year at 6.72%. Over the past five years, there has been a declining trend.
(Source: Rakumachi (Firstlogic Inc.) Investment Real Estate Market Trends Report 2025.4.8)
[Whole Building Condominiums]
Prices of whole building condominiums have continued to rise since April 2025, reaching their highest value in the past five years in the January-March 2026 quarter. Surface yields fluctuate slightly between 7.5% and 8.0%, showing a gradual upward trend.
(Source: Rakumachi (Firstlogic Inc.) Investment Real Estate Market Trends Report 2025.4.8)
[Whole Building Apartments]
Prices of whole building apartments have continued a gradual rise, reaching their highest value in the January-March 2026 quarter. Surface yields have been on an upward trend since 2023 due to rising rents, reaching their highest value in the April-June 2025 quarter.
Keywords: