Tokyo Real Estate in Flux: Market Momentum and Hidden Risks for Global Investors
1. What is REINS – and Why It Matters
Before diving into market trends, it is important to understand the source of our data: REINS, or the Real Estate Information Network System.
REINS is Japan’s national multiple listing service, administered by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). Accessible only to licensed agents, it is the most authoritative database for tracking real estate listings, contract prices, and transaction volume across the country.
If you are familiar with the U.S. MLS or the UK Land Registry, REINS serves a similar role—offering professionals reliable, near-real-time insights into Japan’s property market. But our REINS totally sucks.