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The Resale Market for Purchased and Renovated Homes Expected to Reach 62,700 Units by 2025
3/12/25, 3:00 am
A report by Yano Research Institute, released on November 28, forecasts that the market for purchasing, renovating, and reselling existing homes in Japan will continue to expand.
A report by Yano Research Institute, released on November 28, forecasts that the market for purchasing, renovating, and reselling existing homes in Japan will continue to expand. The estimated size of the market in 2024 is projected to reach 52,800 units, marking a 13.3% increase from the previous year. This growth is attributed to the rising demand for more affordable existing homes compared to newly built ones. Renovated properties, which offer a near-new living experience, have become particularly popular among homebuyers.
By 2025, the market size is expected to grow by 18.8% to 62,700 units, and it is projected to further expand to 75,600 units by 2030, a 43.2% increase from 2024. The key drivers of this expansion include the availability of affordable homes that are renovated to near-new conditions and the increasing stock of older homes, which boosts supply in the market.
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