Second-hand apartment prices in Tokyo's core area fell for the third month in a row in July. Some experts believe that the market has already entered the adjustment stage. According to Tokyo Kantei data, the average price in the six core areas of Tokyo was 1819.5 million yen, down 1.7% from June. Housing prices in Tokyo hit a record high earlier this year, surpassing the peak of the asset bubble in the late 80s to the early 90s. Since then, housing prices have begun to fall.

Second-hand apartment prices in Tokyo's core area fell for the third month in a row in July. Some experts believe that the market has already entered the adjustment stage. According to Tokyo Kantei data, the average price in the six core areas of Tokyo was 1819.5 million yen, down 1.7% from June. Housing prices in Tokyo hit a record high earlier this year, surpassing the peak of the asset bubble in the late 80s to the early 90s. Since then, housing prices have begun to fall.