SME Nexus

Japan SME Acquisition Index — 2025 Q4

Source: MLIT Real Estate Information Library transaction records + e-Stat census · CC BY 4.0

29,635
House transactions (national)
YoY -26.7%
¥28,000,000
Median trade price
¥15,000,000
Median, 30y+ houses
34.3%
Akiya-segment share

National median house trade price

24.5M26.1M27.8M29.4M 2020Q12021Q12022Q12023Q12024Q12025Q12025Q4

Quarterly transaction volume

49.4K 2023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q4

Share of 30y+ houses in all house trades

31.0%34.9%38.8%42.7% 2020Q12021Q12022Q12023Q12024Q12025Q12025Q4

Regional movers — 5-year house-price CAGR

Among tracked municipalities with at least 20 house trades in the latest full year.

Rising markets

Nago+20.7%/y
Shibuya+11.8%/y
Shirakawa+11.8%/y
Yufu+9.0%/y
Minato+8.9%/y

Falling markets

Gujo-19.2%/y
Ise-18.8%/y
Onomichi-15.6%/y
Izu-14.6%/y
Wakayama-10.1%/y

Pilot-area socio-economic highlights

Among tracked municipalities with published data profiles. Sources: e-Stat SSDS (vacancy, income, migration) + MLIT transactions.

Lowest price-to-income

Koya0.5×
Tsuwano0.6×
Shirakami0.8×
Wajima0.9×
Myoko1.0×

Highest akiya mobilization

Uji3.11%
Miyajima2.15%
Otaru1.86%
Biwako1.79%
Sakura1.45%

Largest net inflow

Osaka+16,090
Sapporo+10,830
Yokohama+10,805
Chuo+8,505
Chiba+8,399

Download the data

Full municipal-level CSVs, CC BY 4.0. Attribution: “SME Nexus — Japan SME Acquisition Index”.

How to cite this data

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SME Nexus — Japan SME Acquisition Index (2025 Q4). https://www.sme-nexus.com/en/data/japan-sme-acquisition-index (CC BY 4.0)

How these numbers are computed: Methodology