Overseas residents accounted for 3.5% of purchases of newly built condominiums in Tokyo's 23 wards in the first half of 2025, according to the land ministry's first nationwide survey. The figure marks a rise from 1.6% for all of 2024, indicating growing foreign interest in Japanese real estate. Some central Tokyo areas saw sharp increases.
The land ministry (MLIT) released its first nationwide survey on property acquisitions by overseas residents on Tuesday, November 26, 2025. According to the findings, overseas-based buyers made up 3.5% of those who purchased newly built condominiums in Tokyo's 23 wards during the first half of the year. This represents a significant increase from the 1.6% recorded for the entire year of 2024, with particularly sharp rises in some central Tokyo districts.
The ministry identified overseas buyers using their registered addresses, but noted that Japan's real estate registry does not record buyers' nationalities, making it challenging to precisely gauge the extent of foreign purchases from this data alone. Nonetheless, the survey highlights a burgeoning interest in Japanese property from abroad. Keywords associated with the report include real estate, MLIT, surveys, Tokyo, and Osaka, suggesting a broader national scope.
These results may reflect factors such as the weak yen and Japan's economic stability attracting international investors. The ministry's initiative provides a foundational dataset for future policy considerations.