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Nikkei: Apartment prices in the Tokyo metropolitan area hit a record high in the six months ending September, with the average price exceeding 100 million yen, but signs of a slowdown have emerged.
The average price of new condominiums in the Tokyo metropolitan area surpassed 100 million yen (approximately $632,000) for the first time in the six months ending September, marking a record high for the period, Nikkei Asia reported. However, the market has begun to show signs of slowing as the Bank of Japan raises mortgage rates, squeezing homebuyers' affordability.
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