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Tokyo real-estate transactions increase

East Japan Real-Estate Information Network System reported that the monthly number of real-estate transactions in Tokyo in October exceeded the same month last year for the first time since the  earthquake in March.

In October there were 2,670 secondary apartments transactions, a 4.9% increase on October 2010 and 1008 secondary house transactions, a 6.1% increase.

New house transactions were roughly unchanged from last year at 359 houses sold. There were 425 plots of land sold (100-200 sqm in size) which is a 3.9% increase on the same month last year.