Kenbiya Releases April 2026 Monthly Report on Income-Producing Property Market Trends: Average Prices Decline Month on Month Across All Three Property Types

Kenbiya Co., Ltd., a LIFULL group company that operates the real estate investment and income-producing property information sites Kenbiya and LIFULL HOME'S Real Estate Investment, has released the April 2026 edition of its Monthly Report on Income-Producing Property Market Trends. The report aggregates data on three categories of residential income-producing real estate listed on Kenbiya across Japan: condominium units, apartment buildings, and condominium buildings. It compiles gross yields and property prices to present the latest market trends. In April 2026, national average prices declined month on month across all three property categories. By region, many areas also recorded month-on-month decreases. On a year-on-year basis, however, national average prices continued to rise across all three categories. National average yields showed only limited movement. In the Tokyo metropolitan area, Tokyo’s 23 wards led the broader market for condominium units, exceeding the metropolitan average both month on month and year on year. For condominium buildings, Tokyo’s 23 wards also drove the year-on-year increase. Apartment buildings, by contrast, showed relatively little regional disparity within the metropolitan area. For condominium units, the national average price in April 2026 was JPY 24.97 million, down 5.88% from the previous month and up 10.15% from the same month last year. Although the year-on-year trend remains upward, prices declined for the second consecutive month, the only such two-month decline seen over the past year. The national average yield was 6.63%, up 0.09 percentage points month on month and 0.07 percentage points year on year. By region, all areas declined month on month except Chugoku and Shikoku, which rose sharply by 11.69%. Hokkaido, Shinshu and Hokuriku, and Tokai recorded particularly large declines. For apartment buildings, the national average price was JPY 90.22 million, down 0.77% month on month and up 9.88% year on year. Prices have moved sideways in recent months with only slight increases and decreases. The national average yield was 8.04%, up 0.03 percentage points month on month and 0.07 percentage points year on year. By region, Kansai reached JPY 87.84 million, setting a new one-year high, while Chugoku and Shikoku also rose from the previous month. Other areas, including Tohoku and Kyushu-Okinawa, declined, with year-on-year trends varying by region. For condominium buildings, the national average price was JPY 202.36 million, down 2.98% month on month and up 9.74% year on year. The long-term upward trend remains intact, but prices pulled back from the record high reached in the previous month. The national average yield was 7.38%, up 0.02 percentage points month on month and down 0.19 percentage points year on year. By region, Tohoku and Hokkaido rose month on month, with Tohoku reaching JPY 167.70 million, the highest level in the past year. Other regions declined. The Tokyo metropolitan area and Tokai recorded strong year-on-year increases, with Tokyo’s 23 wards driving the metropolitan gain. Kenbiya commented that although April 2026 saw national average prices fall month on month across condominium units, apartment buildings, and condominium buildings, all three categories continued to rise year on year, indicating that the long-term price uptrend remains in place. Regional differences were notable, and future movements warrant close attention. Kenbiya will continue publishing annual, quarterly, and monthly market reports to help real estate investors make informed, data-based investment decisions.