René Muschter
Research Expert covering Industry & Mobility
Home renovations in Japan - statistics & facts
Japan’s home renovation market expanded to 7.3 trillion yen in 2022. Even during the pandemic, it showed no signs of decline as demand for renovations and refurbishments increased due to new lifestyles and work styles. There are several factors that could lead to growth in the market such as rising prices for new homes, a shift in Japan’s housing policy, and its goal to become carbon neutral by 2050.
