Tokyo's 23 wards continue to see a steep increase in the price and demand for apartments. This trend, expected to persist due to overwhelming urbanisation and economic growth, is transforming Tokyo's skyline and changing the way people live. The article explores what the future might hold for real estate investors, landlords, and potential homeowners in these fast-growing neighborhoods.

Urbanisation and the shrinkage of rural areas are notable issues in Japan, and the population concentration in metropolitan areas, particularly in Tokyo, has a significant impact on the real estate market. In addition, Japan sets high standards for building safety due to earthquakes, affecting construction costs and consequently, apartment pricing. This ongoing surge in property prices has induced varied reactions from the public, some seeing opportunity, others expressing concern at increasing living costs.

This is akin to the real estate trends observed in major US and EU cities, where the value of property in urban areas continues to escalate due to urbanisation and overall economic growth. The difference, however, lies in the unique physical and environmental circumstances of Japan, such as earthquakes, which raise specific challenges for building and housing in the country.