The sales values for real estate agents and brokers in Japan have generally exhibited a fluctuating yet upward trend from 2013 to 2023. Notable peaks include significant increases in 2017 and 2022, while occasional downturns occurred in 2014 and 2020. The compounded annual growth rate (CAGR) over the last five years stands at 0.89% as of 2023 and is forecasted to be 0.68% over the next five years.
Future trends to watch for:
- Technological advancements in property management and sales platforms.
- Impact of demographic shifts, particularly Japan's aging population.
- Government policies affecting property investment and foreign ownership.
