Sumitomo Mitsui Financial Group 2021 Financial Overview
House Price Index (2002 = 100)
350
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%.
House Prices
Housing Starts / Homeownership Rate
300
336.1
2,000
297.7
250
245.1
218.4
200
199.5
195.9
170.0
150
100
50
50
Mar-02
0
Mar-04
Mar-03
Mar-05
Mar-06
Mar-07
Japan
France
Source: Bank for International Settlements
USA
Italy
Mar-10
Mar-11
Mar-08
Mar-09
Mar-12
Mar-13
Mar-14
Mar-15
Mar-16
Mar-17
Mar-18
Canada
Singapore
Mar-19
Mar-20
Mar-21
UK
Australia
Germany
Units (in thousands)
1,500
1,000
61.2%
119.5
89.6
500
0
FY03/01
FY03/02
FY03/03
FY03/04
FY03/05
FY03/06
FY03/07
FY03/09
FY03/08
Housing Starts (left axis)
Homeownership Rate (right axis)
61.7%
61.1%
61.2%
FY03/10
FY03/11
FY03/12
FY03/13
FY03/14
FY03/15
FY03/16
FY03/17
FY03/18
FY03/19
FY03/20
FY03/21
Source: Ministry of Land, Infrastructure, Transport and Tourism, Statistics Bureau,
Ministry of Internal Affairs and Communications
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