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While prices of expensive condos in urban centers are rising, those of less pricey independent homes in outlying areas are falling as a result of weakened demand. 

Japan's K-shaped recovery emerges in home prices amid COVID crisis

Widely divergent markets reflect widening income disparities

KYO KITAZUME, Nikkei staff writer | Japan

TOKYO -- Signs of a K-shaped recovery, characterized by parts of the economy improving while others languish, are appearing in home prices.

Japan's housing market is divided: Prices in urban centers are rising on the back of high-income earners but drop off dramatically in outlying areas. Middle- and low-income earners are holding back on purchases or even selling their homes.

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