How much does a typical house cost in Japan?
If you were to buy a house on a lot of 100 m2 within onehour commuting radius of Central Tokyo, you would have to pay 50 to 60 million yen ($5-600,000).
This figure is prohibitive, even after land prices plunged after the bubble economy in the late 80s and the early 90s.
The ratio of owner-occupied houses to the total number of houses was 59.6% in 2000.
However, houses for sale are scarce in urban areas, making buying a home difficult in terms of both price and availability.