Japan

JapanPrice/rent

Japan first; United States, Korea, euro area, United Kingdom and Australia alongside.

139.8

+1.6 (+1.2%)

As of 2025 Q4 | index

Latest
139.8 2025 Q4
Previous
138.2 2025 Q3
Min
91.2 2009 Q2
Max
187.6 1991 Q1
PeriodValue
2025 Q4139.8
2025 Q3138.2
2025 Q2136.5
2025 Q1136.8
2024 Q4133.8
2024 Q3133.1
2024 Q2132.3
2024 Q1131.2
2023 Q4130.7
2023 Q3129.4
2023 Q2129.2
2023 Q1128.3
2022 Q4128.1
2022 Q3126.8
2022 Q2125.1
2022 Q1122.7
2021 Q4119.2
2021 Q3117.7
2021 Q2114.6
2021 Q1112.5
2020 Q4111.4
2020 Q3108.8
2020 Q2108.5
2020 Q1108.8
#CountryPrice/rentChangePeriod
15Japan139.8+1.6 (+1.2%)2025-1219Australia133.9+3.0 (+2.3%)2025-0920United States133.2+0.5 (+0.4%)2024-1222Euro area130.2+0.9 (+0.7%)2025-1235United Kingdom110.1−0.5 (−0.5%)2026-0341Korea102.4+0.2 (+0.2%)2025-03

What the price-to-rent ratio is

The OECD price-to-rent ratio compares nominal house prices with the rent-price index. A higher reading means purchase prices have outpaced rents relative to the index history. Latest: 139.8 in 2025 Q4.

This is an index of prices versus rents, not a typical asking rent and not a purchase price. From 1970 Q1 to 2025 Q4 (224 quarters): latest 139.8 (2025 Q4), previous 138.2 (2025 Q3); low 91.2 (2009 Q2), high 187.6 (1991 Q1).

Source: OECD Analytical House Prices. Licence: OECD data; attribution required (terms).