Rising interest rates start to squeeze how much homebuyers can afford
As banks in Japan raise mortgage rates, homebuyers find themselves able to borrow less than before. (Photo by Shun Kato)
KOHEI OKUYAMA, MOE SAITO and MISAKI MORIKAWA
October 21, 2026 03:38 JST
TOKYO -- The average price for a new condominium in the greater Tokyo area topped 100 million yen ($632,000) in the six months to September, the highest level ever for this period, as the supply of units going on the market fell.