- Used condominium prices in central Tokyo remain exceptionally high, averaging nearly $730,000 USD and staying above 100 million yen for seven months.
- Prices vary considerably within Tokyo, with the most central wards averaging $1.14 million while outer wards have significantly lower figures.
- Rising Tokyo prices are driving up demand and prices in surrounding suburban areas, and potential interest rate hikes are being closely monitored.

A: Hey Hana! Did you hear anything about the housing market?

B: No, what's up, Ken? Is it crazy still?

A: Yeah! Apparently, used condos in central Tokyo are *still* super expensive!

B: Seriously? How expensive are we talking?

A: Like, over 100 million yen! It's been happening for seven months now.

B: Wow! That’s almost 730,000 US dollars! Who can afford that?!

A: Exactly! Prices are up a lot too - like 34.6% from last year.

B: No way! It depends where you look, right?

A: Totally. The very center is even more insane – over a million dollars!

B: But it’s cheaper in other areas of Tokyo, I guess?

A: Yeah, a little. Southern and western areas are still pricey, but not *as* crazy.

B: What about outside Tokyo?

A: Much cheaper! Osaka, Yokohama, Nagoya... all significantly lower.

B: Makes sense. So, more people are looking outside of Tokyo?

A: That's what they're saying. That’s making prices go up *there* too!

B: Oh dear. I heard the Bank of Japan might raise interest rates soon.

A: Me too! Everyone’s watching to see what happens then. It could change things.