Osaka region new condo prices up 37.6% in September 2026
New condominium prices in Japan's Kinki region around Osaka jumped 37.6% to 70.75 million yen in September 2026 as developer launches halved to 752 units.
The facts
- The average price of a newly launched condominium in the Kinki region reached 70.75 million yen in September, +37.6% or 19.33 million yen above September 2025, Fudosan Keizai Kenkyusho reported on 20 October 2026.
- Price per square metre climbed to 1.150 million yen, up 189,000 yen or 19.7% on the year.
- Developers launched 752 units, 740 fewer than the 1,492 of September 2025, a drop of 49.6%.
- First-month contracts covered 62.6% of launches, 15.6 points below September 2025 and 4.7 points below August.
- Average floor area came to 61.55 square metres, and unsold stock at the end of September was 3,007 units, 134 below the 3,141 of end-August.
- Across the April-to-September half year the average price of 60.10 million yen was the highest since the survey began in 1973, while the 69.3% contract rate fell below 70% for the first time in four years.
What it means for your money
- Only 752 units came to market in September at an average 70.75 million yen. A Kinki buyer now bids for scarce stock.
- Rental income is the test of that price: Glopra's Osaka data shows USD 6,117 per square metre to buy existing city-centre stock and USD 14.01 per square metre a month to let it out.
- Owners already holding in the region gained on paper, since the half-year average of 60.10 million yen is the highest the survey has recorded since 1973 and unsold stock fell by 134 units in September.
What to watch
- September's 62.6% contract rate sits 6.7 points under the 69.3% recorded for the April-to-September half year, the gap the October report will test.
- The series counts units newly put on sale, not completed purchases, so 752 says nothing about how many Kinki homes changed hands in September.
Sources: Fudosan Keizai Kenkyusho https://www.fudousankeizai.co.jp/share/mansion/690/RtE7hi22.pdf; Fudosan Keizai Kenkyusho https://www.fudousankeizai.co.jp/share/mansion/688/2649_k.pdf