Japan’s Q1 Real Estate Transaction Volume Up 46% Year-on-Year

May 20, 2023 – Japan’s real estate sales transaction volume in the January to March quarter increased 46% year-on-year to 1.15 trillion yen (US$8.2 billion), according to the Nikkei Real Estate Market Report.  The number of transactions reported increased by 7% year-on-year to 407. The volume of acquisitions by REITs this quarter increased by 3% year-on-year to 355.3 billion yen (US$2.5 billion).