Japan House Prices Growth

2009 - 2023 | Monthly | % | CEIC Data

Key information about House Prices Growth

  • Japan house prices grew 2.7% YoY in Dec 2023, following an increase of 1.9% YoY in the previous month.
  • YoY growth data is updated monthly, available from Apr 2009 to Dec 2023, with an average growth rate of 1.8%.
  • House price data reached an all-time high of 10.2% in Apr 2022 and a record low of -9.4% in Apr 2009.

CEIC calculates House Prices Growth from monthly Residential Property Price Index. The Ministry of Land, Infrastructure, Transport and Tourism provides Residential Property Price Index with base 2010=100.

View Japan's House Prices Growth from Apr 2009 to Dec 2023 in the chart:

Japan House Prices Growth

What was Japan's House Prices Growth in Dec 2023?

Japan house prices grew 2.7% YoY in Dec 2023, following an increase of 1.9% YoY in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.7 Dec 2023 1.9 Nov 2023 -9.4 Apr 2009 10.2 Apr 2022 % monthly Apr 2009 - Dec 2023

House Prices Growth by Country Comparison

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Includes House Prices Growth on 68 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Australia (%) 4.8 Dec 2023 quarterly Sep 2004 - Dec 2023
Austria (%) -4.0 Sep 2023 quarterly Sep 1987 - Sep 2023
Belarus (%) -2.5 Dec 2021 quarterly Mar 2010 - Dec 2021
Belgium (%) 0.3 Sep 2023 quarterly Mar 1974 - Sep 2023
Bosnia and Herzegovina (%) 17.0 2022 yearly 2009 - 2022
Brazil (%) 5.3 Feb 2024 monthly Jan 2009 - Feb 2024
Brunei (%) -0.8 Dec 2023 quarterly Mar 2016 - Dec 2023
Bulgaria (%) 10.1 Dec 2023 quarterly Mar 2006 - Dec 2023
Canada (%) -0.4 Feb 2024 monthly Jan 1982 - Feb 2024
Chile (%) 1.3 Dec 2023 monthly Jan 2004 - Dec 2023
China (%) -8.6 Feb 2024 monthly Mar 1999 - Feb 2024
Colombia (%) 12.4 Dec 2023 quarterly Mar 1998 - Dec 2023
Croatia (%) 20.1 Dec 2022 semiannually Jun 1996 - Dec 2022
Cyprus (%) 7.6 Sep 2023 quarterly Mar 2007 - Sep 2023
Czech Republic (%) 1.0 Mar 2023 quarterly Mar 2006 - Mar 2023
Denmark (%) 12.3 Jan 2022 monthly Jan 2007 - Jan 2022
Estonia (%) -2.2 Mar 2024 quarterly Sep 2004 - Mar 2024
European Union (%) 0.2 Dec 2023 quarterly Mar 2006 - Dec 2023
Finland (%) 2.0 Dec 2017 quarterly Mar 2011 - Dec 2017
France (%) -3.6 Dec 2023 quarterly Mar 2001 - Dec 2023
Georgia (%) 7.8 Jun 2021 monthly May 2016 - Jun 2021
Germany (%) -7.1 Dec 2023 quarterly Mar 2001 - Dec 2023
Greece (%) 12.1 Dec 2023 quarterly Mar 2000 - Dec 2023
Hong Kong SAR, China (%) -12.8 Feb 2024 monthly Jan 1994 - Feb 2024
Hungary (%) 3.3 Dec 2023 quarterly Mar 2008 - Dec 2023
Iceland (%) 7.0 Mar 2024 monthly Mar 2001 - Mar 2024
India (%) 2.7 Dec 2023 quarterly Mar 2011 - Dec 2023
Indonesia (%) 1.7 Dec 2023 quarterly Mar 2003 - Dec 2023
Ireland (%) 5.4 Jan 2024 monthly Jan 2006 - Jan 2024
Israel (%) -0.6 Dec 2023 monthly Jan 1995 - Dec 2023
Italy (%) 1.8 Dec 2023 quarterly Mar 2011 - Dec 2023
Japan (%) 2.7 Dec 2023 monthly Apr 2009 - Dec 2023
Kazakhstan (%) -2.1 Mar 2024 monthly Nov 2013 - Mar 2024
South Korea (%) -2.1 Mar 2024 monthly Jan 1987 - Mar 2024
Latvia (%) 17.3 Mar 2022 quarterly Mar 2007 - Mar 2022
Lithuania (%) 13.1 Mar 2023 quarterly Mar 2007 - Mar 2023
Luxembourg (%) -14.4 Dec 2023 quarterly Mar 2008 - Dec 2023
North Macedonia (%) 2.1 Dec 2019 semiannually Jun 2004 - Dec 2019
Malaysia (%) 0.5 Dec 2023 quarterly Mar 2000 - Dec 2023
Malta (%) 7.5 Dec 2023 quarterly Mar 2001 - Dec 2023
Mexico (%) 10.0 Dec 2023 quarterly Mar 2006 - Dec 2023
Mongolia (%) 1.3 Sep 2021 quarterly Dec 2008 - Sep 2021
Montenegro (%) 24.6 Sep 2023 quarterly Mar 2012 - Sep 2023
Morocco (%) 1.1 Dec 2023 quarterly Mar 2007 - Dec 2023
Netherlands (%) 4.3 Feb 2024 monthly Jan 1996 - Feb 2024
New Zealand (%) -0.7 Dec 2023 quarterly Dec 1990 - Dec 2023
Norway (%) 1.2 Mar 2024 quarterly Mar 1993 - Mar 2024
Palestinian Territory (%) -4.5 Sep 2023 quarterly Mar 2019 - Sep 2023
Peru (%) 7.0 Dec 2021 quarterly Dec 2008 - Dec 2021
Philippines (%) 6.5 Dec 2023 quarterly Mar 2015 - Dec 2023
Poland (%) 11.2 Dec 2023 quarterly Sep 2007 - Dec 2023
Portugal (%) 7.8 Dec 2023 quarterly Mar 2010 - Dec 2023
Romania (%) 7.0 Sep 2022 quarterly Mar 2010 - Sep 2022
Russia (%) 11.8 Dec 2022 quarterly Mar 2006 - Dec 2022
Serbia (%) -5.0 Dec 2023 semiannually Jun 1995 - Dec 2023
Singapore (%) 5.0 Mar 2024 quarterly Mar 1976 - Mar 2024
Slovakia (%) -8.6 Dec 2023 quarterly Mar 2006 - Dec 2023
Slovenia (%) 5.7 Sep 2023 quarterly Mar 2008 - Sep 2023
South Africa (%) 7.3 Nov 2016 monthly Jan 1967 - Nov 2016
Spain (%) 3.2 Feb 2024 monthly Jan 2002 - Feb 2024
Sweden (%) -6.3 Dec 2023 quarterly Mar 1987 - Dec 2023
Switzerland (%) 0.1 Dec 2023 quarterly Mar 1971 - Dec 2023
Taiwan (%) 8.0 Dec 2023 quarterly Mar 2002 - Dec 2023
Thailand (%) 8.5 Sep 2021 monthly Mar 2009 - Sep 2021
Turkey (%) 68.0 Jan 2024 monthly Jan 2011 - Jan 2024
Ukraine (%) 17.0 Dec 2023 quarterly Mar 2017 - Dec 2023
United Kingdom (%) 1.6 Mar 2024 monthly Jan 1992 - Mar 2024
United States (%) 6.4 Dec 2023 quarterly Mar 1992 - Dec 2023

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Japan Key Series

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Includes 240 key indicators for Japan, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.2 2024 yearly 1996 - 2024
Consolidated Fiscal Balance (USD mn) -246,464.989 2023 yearly 1995 - 2023
Tax Revenue (USD mn) 35,445.532 Mar 2024 monthly Apr 1983 - Mar 2024
Tax Revenue: % of GDP (%) 12.5 Dec 2023 quarterly Jun 1983 - Dec 2023
National Government Debt (USD mn) 9,396,604.9 Apr 2023 monthly Apr 1982 - Apr 2023
Government Debt: % of GDP (%) 217.3 Dec 2023 quarterly Dec 1994 - Dec 2023
Forecast: Government Expenditure (JPY bn) 268,418.980 2028 yearly 1980 - 2028
Forecast: Government Net Debt (JPY bn) 1,700,671.670 2028 yearly 1980 - 2028
Forecast: Government Revenue (JPY bn) 246,161.740 2028 yearly 1980 - 2028
General Government (GG): Revenue (JPY bn) 219,673.900 2023 yearly 1995 - 2023
GG: REV: TS: Taxes on Income, Profits, & Capital Gains(TIPC) (JPY bn) 64,533.600 2023 yearly 1995 - 2023
GG: REV: TS: Taxes on Goods & Services (TGS) (JPY bn) 42,540.900 2023 yearly 1995 - 2023
GG: Revenue: Social Contributions (JPY bn) 77,684.600 2023 yearly 1995 - 2023
GG: Revenue: Grants (JPY bn) 5.300 2023 yearly 1995 - 2023
GG: Expenses (JPY bn) 238,040.500 2023 yearly 1995 - 2023
GG: Net Operating Balance (JPY bn) 2,135.200 2023 yearly 1995 - 2023
GG: Net Acquisition of Nonfinancial Assets (JPY bn) 1,823.900 2023 yearly 1995 - 2023
Central Government Operations: Expenditure (JPY hm) 213,366.000 Dec 2023 quarterly Mar 2008 - Dec 2023
Central Government Operations: Revenue (JPY hm) 147,964.000 Dec 2023 quarterly Mar 2008 - Dec 2023
Central Government Operations: Balance (Deficit/Surplus) (JPY hm) -65,402.000 Dec 2023 quarterly Mar 2008 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.674 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,018.4 Feb 2024 monthly Apr 1995 - Feb 2024
Total Exports (USD mn) 57,143.5 Feb 2024 monthly Apr 1995 - Feb 2024
Total Exports Growth (%) 4.4 Feb 2024 monthly Apr 1996 - Feb 2024
Aluminum: Exports (USD th) 1,860,148.047 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 4,922,979.164 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 2,845,576.661 2022 yearly 1995 - 2022
Total Imports (USD mn) 60,161.9 Feb 2024 monthly Apr 1995 - Feb 2024
Total Imports Growth (%) -4.0 Feb 2024 monthly Apr 1996 - Feb 2024
Imports: Medicament (USD th) 18,580,835.646 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 21,183,617.064 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 11,519.105 Feb 2024 monthly Jan 1960 - Feb 2024
Total Imports from USA (USD mn) 6,763.955 Feb 2024 monthly Feb 1960 - Feb 2024
Total Exports to China (USD mn) 9,014.422 Feb 2024 monthly Jan 1960 - Feb 2024
Total Imports from China (USD mn) 11,938.250 Feb 2024 monthly Feb 1960 - Feb 2024
Imports: sa (JPY bn) 9,001.124 Feb 2024 monthly Apr 1995 - Feb 2024
Exports: sa (JPY bn) 8,549.523 Feb 2024 monthly Apr 1995 - Feb 2024
Trade Balance: sa (JPY bn) -451.601 Feb 2024 monthly Apr 1995 - Feb 2024
Exports: Manufactured Goods (MG) (JPY bn) 943.832 Feb 2024 monthly Jan 1988 - Feb 2024
Exports Unit Value Index: Fisher Formula (FF): Total (2015=100) 100.40 Jul 2018 monthly Jan 2003 - Jul 2018
Imports Unit Value Index: FF: Fisher Formula (FF): Total (2015=100) 101.17 Jul 2018 monthly Jan 2003 - Jul 2018
Exports Quantum Index (2015=100) 106.65 Jul 2018 monthly Jan 2003 - Jul 2018
Imports Quantum Index: USA (2015=100) 106.43 Jul 2018 monthly Jan 2003 - Jul 2018
Imports Quantum Index: China (2015=100) 104.22 Jul 2018 monthly Jan 2003 - Jul 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 8,878.4 Feb 2024 monthly Jan 1996 - Feb 2024
Current Account Balance (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Foreign Direct Investment (USD mn) -1,518.6 Feb 2024 monthly Jan 1996 - Feb 2024
Foreign Direct Investment: % of GDP (%) 0.8 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment (USD mn) 3,864.184 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 0.4 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 16,301.8 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -12,437.609 Dec 2023 quarterly Mar 1996 - Dec 2023
External Debt (USD mn) 4,487,872.6 Dec 2023 quarterly Mar 2003 - Dec 2023
External Debt: % of GDP (%) 106.9 2023 yearly 2003 - 2023
External Debt: Short Term (USD mn) 3,267,790.1 Dec 2023 quarterly Mar 2003 - Dec 2023
External Debt: Short Term: % of GDP (%) 77.8 2023 yearly 2003 - 2023
Total Debt: % of GDP (%) 1,291.0 Dec 2023 quarterly Jun 1998 - Dec 2023
Forecast: Current Account Balance (USD bn) 167.498 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 3,461,875.502 Dec 2023 quarterly Jun 2010 - Dec 2023
BoP: Financial Account (FA) (JPY bn) 1,669.853 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: CA: G&S: Services (JPY bn) -55.566 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: FA: Reserve Assets (JPY bn) 535.670 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: CA: G&S: Goods: Exports (JPY bn) 8,097.098 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: Current Account (CA) (JPY bn) 2,644.160 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: CA: G&S: Goods (JPY bn) -280.909 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: CA: G&S: Goods: Imports (JPY bn) 8,378.006 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: Capital Account (JPY bn) -7.289 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: FA: Direct Investment (JPY bn) 1,555.547 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: CA: Primary Income (JPY bn) 3,306.883 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: FA: Portfolio Investment (JPY bn) -1,271.389 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: Net Errors and Omissions (JPY bn) -967.018 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: CA: Secondary Income (JPY bn) -326.249 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: CA: G&S: Services (SS): Total: Credit (CR) (JPY bn) 2,801.207 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: CA: G&S: Services (SS): Total: Debit (DR) (JPY bn) 2,856.773 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: FA: DI: Liabilities (Lia) (JPY bn) -227.198 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: FA: DI: Assets (Ass) (JPY bn) 1,328.349 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: sa: CA: G&S: Goods: Imports (JPY bn) 8,912.866 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: sa: CA: G&S: Goods: Exports (JPY bn) 8,200.659 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: sa: CA: Primary Income: Net (JPY bn) 2,702.190 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: sa: CA: G&S: Goods: Net (JPY bn) -712.206 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: sa: CA: G&S: Services (SS): Net (JPY bn) -339.160 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: sa: CA: Secondary Income: Net (JPY bn) -282.186 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: sa: Current Account (CA): Net (JPY bn) 1,368.638 Feb 2024 monthly Jan 1996 - Feb 2024
BoP: sa: CA: Secondary Income: Debit (JPY bn) 365.341 Mar 2019 monthly Jan 1996 - Mar 2019
BoP: sa: CA: Secondary Income: Credit (JPY bn) 284.009 Mar 2019 monthly Jan 1996 - Mar 2019
EDP: DTC: Long Term (LT) (JPY bn) 27,884.038 Dec 2023 quarterly Mar 2014 - Dec 2023
Gross External Debt Position (EDP) (JPY bn) 632,431.003 Dec 2023 quarterly Mar 2014 - Dec 2023
EDP: GG: Long Term (LT) (JPY bn) 97,612.276 Dec 2023 quarterly Mar 2014 - Dec 2023
EDP: GG: Short Term (ST) (JPY bn) 93,914.374 Dec 2023 quarterly Mar 2014 - Dec 2023
EDP: DTC: Short Term (ST) (JPY bn) 190,265.908 Dec 2023 quarterly Mar 2014 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.2 Sep 2023 semiannually Mar 1999 - Sep 2023
Household Debt: % of GDP (%) 65.5 Dec 2023 quarterly Dec 1997 - Dec 2023
Non-Performing Loans (USD mn) 73,221.344 2021 yearly 1998 - 2021
Money Supply M1 (USD mn) 7,370,789.860 Feb 2024 monthly Jan 1957 - Feb 2024
Money Supply M2 (USD mn) 10,496,362.241 Feb 2024 monthly Jan 1957 - Feb 2024
M2 Growth (%) 2.5 Mar 2024 monthly Jan 1968 - Mar 2024
Reserve Requirement Ratio (%) 0.8 Jan 2024 monthly Oct 1980 - Jan 2024
Foreign Exchange Reserves (USD mn) 1,163,521.0 Mar 2024 monthly Apr 2000 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 0.830 Jan 2024 monthly Oct 1980 - Jan 2024
Foreign Exchange Reserves: Months of Import (NA) 20.1 Feb 2024 monthly Apr 2000 - Feb 2024
Gold Reserves (USD mn) 60,229.000 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 8,939,979.320 Feb 2024 monthly Apr 1998 - Feb 2024
Total Deposits Growth (%) 2.6 Feb 2024 monthly Apr 1999 - Feb 2024
Domestic Credit (USD mn) 12,213,991.3 Feb 2024 monthly Apr 2003 - Feb 2024
Domestic Credit Growth (%) 4.2 Feb 2024 monthly Apr 2004 - Feb 2024
Debt Service Ratio: Households (%) 7.500 Sep 2023 quarterly Mar 1999 - Sep 2023
Debt Service Ratio: Private Non-Financial Sector (%) 15.600 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 2,590.969 Sep 2023 quarterly Dec 1964 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 7,095.940 Sep 2023 quarterly Dec 1964 - Sep 2023
Household Debt (USD mn) 2,751,357.5 Dec 2023 quarterly Dec 1997 - Dec 2023
Total Loans (USD mn) 4,873,605.737 Feb 2024 monthly Oct 2000 - Feb 2024
Total Loans Growth (%) 4.05 Feb 2024 monthly Oct 2001 - Feb 2024
Private Debt: % of Nominal GDP (%) 120.95 Sep 2023 quarterly Dec 2001 - Sep 2023
Money Stock: Avg: Money Supply: M2 (JPY bn) 1,243,903.900 Mar 2024 monthly Apr 2003 - Mar 2024
Money Stock: Money Supply: M3 (JPY bn) 1,600,311.100 Feb 2024 monthly Apr 2003 - Feb 2024
Money Stock: Money Supply: M1 (JPY bn) 1,092,394.900 Feb 2024 monthly Apr 2003 - Feb 2024
Money Stock: sa: Money Supply M3 (JPY bn) 1,611,460.200 Feb 2024 monthly Apr 2003 - Feb 2024
Money Stock: Avg: sa: M2 (JPY bn) 1,253,115.200 Mar 2024 monthly Apr 2003 - Mar 2024
Money Stock: sa: Money Suppy M1 (JPY bn) 1,104,881.400 Feb 2024 monthly Apr 2003 - Feb 2024
JP: Loans & Discounts: Outstanding: DLB: Local Governments (JPY bn) 29,197.20 Mar 2018 monthly Oct 2000 - Mar 2018
JP: Loans & Discounts: Outstanding: DLB: Corporations: Incl Finance & Insurance (JPY bn) 312,385.90 Mar 2018 monthly Oct 2000 - Mar 2018
JP: Loans & Discounts: Outstanding: DLB: Overseas Yen Loans, Domestic Transfer (JPY bn) 12,191.20 Mar 2018 monthly Oct 2000 - Mar 2018
JP: Loans & Discounts: Outstanding: DLB: Individuals (JPY bn) 140,008.40 Mar 2018 monthly Oct 2000 - Mar 2018
JP: Outstanding of NPLs: Total (JPY bn) 1,800.000 Sep 2018 semiannually Mar 2002 - Sep 2018
Business and Economic Survey Last Frequency Range
Monetary Policy Uncertainty Index (Index) 110.654 Mar 2024 monthly Jan 1987 - Mar 2024
Business Confidence Growth (% Point) 7.0 Jun 2024 quarterly Mar 2001 - Jun 2024
Tankan: AE: DI: Actual: BC: Mfg: Electrical Machinery (%) -3.000 Mar 2024 quarterly Mar 2015 - Mar 2024
Tankan: All Enterprises(AE): DI:Forecast: Bus. Condition(BC):All Ind (%) 9.000 Jun 2024 quarterly Mar 2015 - Jun 2024
Tankan: AE: DI: Forecast: BC: Mfg: Electrical Machinery (%) 1.000 Jun 2024 quarterly Mar 2015 - Jun 2024
Tankan: AE: DI: Forecast: BC: Manufacturing (%) 4.000 Jun 2024 quarterly Mar 2015 - Jun 2024
Tankan: AE: DI: Forecast: BC: Non Manufacturing (NM) (%) 13.000 Jun 2024 quarterly Mar 2015 - Jun 2024
Economy Watchers: Diffusion Index: Current Economics Conditions: sa (NA) 49.800 Mar 2024 monthly Aug 2001 - Mar 2024
Business Condition Judgement: All Industries (%) -26.400 Mar 2024 quarterly Jun 1994 - Mar 2024

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