SMBC Group's Financial and Credit Portfolio
Housing market developments
Japanese house prices have been stable with limited impact of the global financial crisis compared to other
developed countries, and are now in an upward trend.
Negative impact of COVID-19 on housing starts is smaller than during the financial crisis and
homeownership rate has been stable at approx. 60%.
450
400
House price index (2004 = 100)
15060
100
150
200
380
300
350
50
50
0
Jun. 04
House prices
338.2*1
250
247.1"1
241.8
Jun. 05
Jun. 06
Jun. 07
Jun. 08
Jun. 09
Jun. 10
Jun. 11
Jun. 12
Jun. 13
Australia
UK
Jun. 14
Jun. 15
Jun. 16
Jun. 17
Jun. 18
Jun. 19
Japan
France
USA
Italy
*1: As of Mar. 23 for Canada and Australia
Source: Bank for International Settlements
Jun. 20
Canada
Singapore
Jun. 21
Jun. 22
Jun. 23
196.9
194.3
182.7
178.9
Units (in thousands)
Housing starts / Homeownership rate
2,000
1,500
1,000
117.9
500
113.0
Germany
0
61.2%
Housing starts (left axis)
Homeownership rate (right axis)
61.7%
61.1%
61.2%
70%
65%
60%
55%
50%
Mar. 04
Mar. 05
Mar. 06
Mar. 07
Mar. 08
Mar. 09
Mar. 10
Mar. 11
Source: Ministry of Land, Infrastructure, Transport and Tourism, Statistics Bureau,
Ministry of Internal Affairs and Communications
Mar. 12
Mar. 13
Mar. 14
Copyright © 2023 Sumitomo Mitsui Financial Group.
All Rights Reserved.
74
Mar. 15
Mar. 16
Mar. 17
Mar. 18
Mar. 19
Mar. 20
Mar. 21
Mar. 22
Mar. 23View entire presentation