As we noted in a recent post (What is the price of a new house in Tokyo?), the average price per square meter of a newly constructed house in the Tokyo 23 wards was ¥664,652 ($6,168). This was a year-on-year increase of 12.2%, with the average list price being ¥64,870,000, a year-on-year increase of 8.5%.
In this article, we give a few examples of single-family homes for sale in Japan’s smaller cities with a list price of ¥15,900,000 ($150,500) or much less. This is a price point that is not out of the question when you’re looking outside Tokyo’s 23 Wards. Scroll to the bottom of the article for answers to frequently asked questions about buying property in Japan as a foreigner.
Now let’s take a look at some examples!
Where: Takai is a city of about 56,000 people located 30-km south of Osaka City
Price: ¥15,800,000 ($148,000)
Size and Layout: 2BR+ (2SLDK), 80.19-sqm
Year Built: 2005
Notes: All western-style rooms, one parking space, convenient residential neighborhood
Where: Tsubame is a city located in north-central Niigata Prefecture, in the Hokuriku region of Japan.
Price: ¥14,800,000 ($139,000)
Size and Layout: 6BR (6LDK) house, 156.68-sqm
Year Built: 1988
Notes: Spacious Japanese and western-style rooms
Where: Togane, with a population of 60,700, is located in Chiba Prefecture, about 75-km east of Tokyo
Price: ¥13,000,000 ($122,000)
Size and Layout: 3BR (3LDK), 93.57-sqm
Year Built: 2006
Notes: All western-style rooms, convenient residential area
Where: Noboribetsu, population 49,500, is home to some of Hokkaido’s most famous hot springs.
Price: ¥12,980,000 ($122,000)
Size and Layout: 4BR (4LDK), 116.55-sqm
Year Built: 1995
Notes: Spacious open-plan living/dining room leading to one Japanese-style room. All other rooms are western-style. Recently renovated and located in a quiet residential area.
Where: Fuji-shi (pictured in the lead photo), is the third largest city in Shizuoka prefecture, with a population of about 248,000
Price: ¥12,300,000 ($116,000)
Size and Layout: 3BR (3LDK), 99.15-sqm
Year Built: 2010
Notes: Three-story townhouse, all western-style rooms
Can a foreigner buy property in Japan?
Yes. You can buy property in Japan regardless of your nationality or country of origin. There are also no residency requirements for buying real estate in Japan. Securing financing as a resident foreigner is more complicated. For info on financing, please see “Basic Requirements for Getting a Mortgage as a Foreigner in Japan“.
Please see this article for information on: Getting a home loan as a foreigner in Japan
Please see our step-by-step guide: Guide to Buying a Home in Japan
See how much you can borrow and your monthly payments in yen: Yen Mortgage Loan Calculator
For information about purchase and brokerage fees: Breakdown of real estate purchase fees and taxes in Japan
Need to know: Earthquake building codes and technology in Japan