AI Data Insight
Data for the fourth quarter of 2025 shows that the year-on-year contribution of private residential investment to nominal GDP remained at 0.0%, failing to provide momentum for economic growth for three consecutive years. Weighed down by the Bank of Japan raising interest rates to 0.75% and an estimated 5.6% rise in construction costs, housing starts recorded their eighth consecutive month of decline at the end of the year, while the market focus accelerated toward asset preservation demand in core metropolitan areas.