Newly built apartment prices in Tokyo's metropolitan area average over 1 billion yen, indicating a potentially overvalued property market. Despite Japan's economic fallout owing to the pandemic, robust demand and limited availability have increased residential property prices considerably over the year. Critics hold different views on the sky-high prices, while some argue that this could lead to an eventual property bubble.

Housing prices are a significant concern for Japanese citizens, particularly in urban centers like Tokyo, where space is at a premium. Rising cost indicates the growing economic disparity in Tokyo's society, as homes become increasingly unaffordable for average Japanese citizens. The values attached are economic stability and balancing property market growth with affordability.

In contrast to Japan, U.S or EU property markets take a more balanced approach. They promote homeownership through affordable housing schemes, regulatory oversight, and government-backed mortgages. While city-centers are expensive, there's a broader spectrum of pricing, availability, and house sizes catering to diverse income groups.