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Residential research update: October 2023

UK Housing Market Update - October 2023
"A pause in price falls as we enter a period of greater stability."
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Tokyo Residential Leasing Q3/2023
"Average rents in the 23W have increased slightly over the past quarter but experienced a mild dip on a yearly basis. Net-migration into the 23W has remained positive, and has surpassed pre-pandemic levels due to significant contributions from foreign nationals. Meanwhile, rental growth in the C5W remains stronger."


Tokyo Residential Leasing Q2/2023
"Average rents in the 23W have kept increasing albeit slightly. Net migration into the 23W during this peak spring moving season has seen a notable recovery, reaching 2019 levels, and with foreign nationals playing a bigger part. Multiple upcoming development projects in the C5W are likely to make it an increasingly popular area to live."
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Tokyo Residential Leasing Q1/2023
"Average rents in the 23W have rebounded close to Q3/2022 levels, and with society having moved to a post-pandemic state, market demand for units in the 23W is expected to keep increasing. Given the inflationary environment and robust wage growth particularly amongst young high income earners, central areas are likely to perform well, while the broader 23W remains stable."
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