|
The article makes a major mistake: it uses Tokyo Metropolis (Tokyo-to, basically "Tokyo State", area 2,194.07 km2) for comparisons, not central Tokyo (23-ku, aka the former Tokyo City, area 619 km2). So it's basically the same as saying houses in New York are much larger than those in Paris, because you're comparing all of New York State including housing in Buffalo etc with the 20 arrondissements of central Paris. > Even more striking is that more people in Tokyo live in detached houses compared to apartments (30%) than in New York (16.3%) and Paris (12.3%). I'm pretty sure this "striking" fact is an artifact of including a whole lotta suburbs, exurbs and farms in the Tokyo stats. Very few people live in detached houses within the 23-ku. TL;DR: Housing in greater Tokyo is indeed affordable, but as anyone who's seen a "one-room mansion" (read: tiny studio) can attest, it's rarely spacious. |
If you view page 6 and 7, you'll see why these numbers are largely irrelevant since the boundaries for all the "cities" except NYC (which is the 5 boroughs) include the large swathes of suburbs/exurbs around the city.
A study looking at 23-wards vs Inner London vs City of Paris would be a lot more informative.
BTW, the writer of the article seems to simply be using these numbers to push his view that real estate prices will continue to go up in Tokyo. Housing Japan, a Japanese real estate agency that caters to foreign investors shows pricing for apartments in the 23 wards have been on a pretty crazy upwards trajectory [1], but 1) this is denominated in JPY pricing, and the exchange rate has tanked by 35% vs USD this past year, and of course, I'd be much more interested in seeing that post revisited in 2023...
[1] https://housingjapan.com/blog/tokyo-residential-real-estate-...