In 2023, household expenditure on housing in Japan stood at 216.45 thousand Japanese Yens. The forecast data from 2024 to 2028 shows a consistent decline: 215.57 in 2024, 214.69 in 2025, 213.81 in 2026, 212.96 in 2027, and 212.12 thousand Yens in 2028. Year-on-year variation reveals a gradual annual decrease of about 0.4% to 0.5%. The Compound Annual Growth Rate (CAGR) over this five-year period averages around -0.4% per year.
Future trends to watch for include demographic changes such as an aging population and declining birth rates, which could decrease the demand for housing. Additionally, economic factors like inflation rates, interest rates, and government housing policies can significantly impact household expenditure patterns on housing in Japan.
