|Unit||Index 2010=100, NSA|
|Adjustments||Not Seasonally Adjusted|
|Source||Ministry of Land, Infrastructure and Transport of Japan (MLIT)|
|Release||Property Price Index and Property Transaction Volume|
The Ministry of Land, Infrastructure and Transport of Japan (MLIT) reports a "Japan Property Price Index and Property Transaction Volume" with monthly, quarterly, and annual data; residential and commercial and property price indexes; at the national, regional, metropolitan, and prefecture geo levels.
Methodology and reports are based on recommendations made by a coordinated team consisting of the International Monetary Fund and G20 countries. The set of standards is found in the "Handbook on Residential Property Price Indices".
Data is based on the actual transaction data of residential property through questionnaires. Transacations are between private bodies only. Transactions between public bodies are excluded. Temporal market change rates of residential properites are extracted using the hedonic regression method to adjust the quality variation of individual properties.
Commercial property price indices are broken down by land structures and type of land. Land structures include: retail, office, warehouse, factory, and apartment. Type of lands are: commercial and industrial.
Data is obtained through transaction price by questionaires and through real estate interests in trust disclosed by J-REIT funds. Indices are calculated using the hedonic approach (time dummy variable method).
Prefectural components of regions:
Prefectural components of metro areas:
At the source: