National official coverage
2 official sourcesJapan property market
National residential property prices rose 5.0% in the year to 2025-Q4. Additional local coverage appears below where an official source qualifies.
- Latest period
- 2025-Q4
- Year over year
- +5.0%
- History
- 90 quarters
- Since 2015-Q1
- +37.8%
Official national series
Residential property price index
Nominal index, 2010 = 100 · quarterly · through 2025-Q4
- Latest index
- 144.6
- Year over year
- +5.0%
- Since 2015-Q1
- +37.8%
Source: Bank for International Settlements, selected residential property prices. BIS chooses the series closest to nationwide coverage for cross-country comparison; national compilation methods still vary. This is an index of price movement, not a currency price level or a city-specific estimate.
Official valuation signals
House prices, rents and price-to-rent
OECD analytical house price indicators · 2015 = 100
- House price index
- 140.3
- +5.0% over four quarters
- Through 2025-Q4
- Rent price index
- 100.7
- +0.6% over four quarters
- Through 2026-Q2
- Price-to-rent index
- 139.8
- +4.5% over four quarters
- Through 2025-Q4
Source: OECD analytical house price indicators. Index levels measure cumulative movement from the 2015 base and are not currency prices. Price-to-rent movement is a valuation signal, not a gross rental yield.
Observations
Recent BIS quarterly history
Index levels show change from the 2010 base; they are not property prices.
| Quarter | Nominal index | Year over year | Period end |
|---|---|---|---|
| 2025-Q4 | 144.6 | +5.0% | Dec 31, 2025 |
| 2025-Q3 | 145.5 | +4.3% | Sep 30, 2025 |
| 2025-Q2 | 143.6 | +3.7% | Jun 30, 2025 |
| 2025-Q1 | 145.2 | +4.7% | Mar 31, 2025 |
| 2024-Q4 | 137.7 | +2.8% | Dec 31, 2024 |
| 2024-Q3 | 139.4 | +3.2% | Sep 30, 2024 |
| 2024-Q2 | 138.5 | +2.8% | Jun 30, 2024 |
| 2024-Q1 | 138.7 | +2.5% | Mar 31, 2024 |
| 2023-Q4 | 134.0 | +2.0% | Dec 31, 2023 |
| 2023-Q3 | 135.1 | +2.1% | Sep 30, 2023 |
| 2023-Q2 | 134.8 | +3.2% | Jun 30, 2023 |
| 2023-Q1 | 135.3 | +4.7% | Mar 31, 2023 |
Source and interpretation
Comparable national coverage, with limits
BIS supplies a cross-country national residential property price benchmark. OECD also adds rent and price-to-rent indices, all normalized to 2015 = 100.
National compilation methods and dwelling coverage still vary. These indices cannot answer what a home costs in a specific city or how much listing inventory is available.
Coverage status
- National price index
- Published
- Official city benchmark
- Not yet available
- Rent and valuation indices
- Published
- Official local markets
- 0
- Primary published scope
- National
Latest source snapshot ingested Aug 9, 2026. Coverage expands only after additional official datasets pass publication review.
Markets with similar annual movement