Japan House Price Indicators (OECD, BIS)
International comparisons of Japanese housing valuations: the BIS real residential property price index and the OECD's nominal and real house prices, price-to-rent and price-to-income ratios.
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| Indicator | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | Q1-2023 | Q4-2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Real residential property prices2 | ||||||||||||||
| Real residential property price index | 121.47 | 123.03 | 121.94 | 124 | 118.63 | 121.45 | 121.63 | 122.92 | 118.8 | 120.9 | 121.58 | 122.96 | 119.83 | |
| Real residential property prices, year-on-year change | 2.43 | 1.31 | 0.25 | 0.88 | -0.14 | 0.45 | 0.04 | -0.03 | -0.86 | -0.98 | -0.13 | 1.07 | 3.53 | |
| Analytical house price indicators (OECD)5 | ||||||||||||||
| Nominal house price index | 140.31 | 138.47 | 136.63 | 136.6 | 133.56 | 132.72 | 131.78 | 130.53 | 129.9 | 128.57 | 128.24 | 127.43 | 127.22 | |
| Real house price index | 119.1 | 118.17 | 117.17 | 117.74 | 116.36 | 116.45 | 116.47 | 116.2 | 115.94 | 115.54 | 116.42 | 116.39 | 117.04 | |
| Rent price index | 100.45 | 100.27 | 100.16 | 99.97 | 99.89 | 99.77 | 99.66 | 99.54 | 99.45 | 99.4 | 99.36 | 99.34 | 99.32 | |
| Affordability ratios2 | ||||||||||||||
| Price-to-income ratio | 114.38 | 114.47 | 114.05 | 114.31 | 112.56 | 112.15 | 114.02 | 116.76 | 117.99 | 115.47 | 114.22 | 112.99 | 112.74 | |
| Price-to-rent ratio | 139.67 | 138.09 | 136.41 | 136.64 | 133.71 | 133.02 | 132.23 | 131.14 | 130.61 | 129.35 | 129.06 | 128.28 | 128.08 | |
| Standardised ratios, long-term average = 1002 | ||||||||||||||
| Standardised price-to-income ratio | 87.84 | 87.91 | 87.58 | 87.78 | 86.44 | 86.13 | 87.56 | 89.66 | 90.61 | 88.67 | 87.71 | 86.77 | 86.58 | |
| Standardised price-to-rent ratio | 109.41 | 108.18 | 106.86 | 107.04 | 104.75 | 104.21 | 103.59 | 102.73 | 102.32 | 101.33 | 101.1 | 100.49 | 100.34 |
Latest reading
The series on this page is quarterly and runs from Q1 1970 to Q4 2025. Source: OECD – Analytical house prices indicators; BIS.
Frequently asked questions
- What is the latest figure for Japan House Price Indicators (OECD, BIS)?
- Real house price index stood at 119.1 in Q4 2025. That is +0.8% from Q3 2025 and +2.4% from a year earlier.
- Is Japan House Price Indicators (OECD, BIS) at a high or a low right now?
- The reading of 119.1 is the highest since Q1 2002.
- How far back does the Japan House Price Indicators (OECD, BIS) data go?
- The series on this page is quarterly and runs from Q1 1970 to Q4 2025. Source: OECD – Analytical house prices indicators; BIS. Every series in the table can be charted over its full history and downloaded as CSV or Excel.