As we start out 2018, on Real Estate Japan, we’re continuing to see strong year-on-year growth in inquiries for properties throughout the country and particularly in central Tokyo locations. People are looking to buy both homes and investment properties.
Below are just a few examples of what is currently available in Tokyo for about $220,000 (¥24,700,000), which is significantly less than the average cost of a home in Tokyo. The average listing price for a condo in the greater Tokyo area is ¥58.84 million (525,800 USD, up 3.5% year-on-year).
For FAQs on buying property in Japan as a foreigner, please scroll to the bottom of the page.
Studio Apartment Near Shinjuku Station
Where: Excellent location with a Shibuya Ward address but only a 5-min walk from JR Shinjuku Station.
Price: ¥24,800,000 ($220,000)
Size and Layout: 22.44 m² (242-sqft) studio (1K)
Floor: 2nd floor unit in 7-story building
Land rights: Freehold
Year Built: 2002
Estimated Gross Yield: Currently occupied with an estimated gross yield of 5.0%
Structure: Reinforced concrete
Notes: Buy for your own use or as an investment property.
Roppongi Apartment for Sale
Where: Excellent location, 13-min walk from Roppongi Station, 14-min walk from Omotesando Station.
Price: ¥24,000,000 ($213,000)
Size and Layout: 20.44 m² (220-sqft) studio (1K)
Floor: 2nd floor unit in 14-story building
Land rights: Freehold
Year Built: 2003
Estimated Gross Yield: Currently occupied with an estimated gross yield of 5.0%
Structure: Reinforced concrete
Notes: Buy for your own use or as an investment property.
Studio Apartment in Shirokane Takanawa
Where: Upscale neighborhood of Shirokane Takanawa, near Temple University Japan campus, 6-min walk to Shirokane Takanawa Station on the Mita line.
Price: ¥23,800,000 ($211,000)
Size and Layout: 25.52 m² (275-sqft) studio (1K)
Floor: 1st floor unit in 7-story building
Land rights: Freehold
Year Built: 2011
Estimated Gross Yield: Currently occupied with an estimated gross yield of 5.1%
Structure: Reinforced concrete
Notes: Very well maintained property. Buy for your own use or as an investment property.
Apartment for Sale Near Waseda University
Where: Good location near Waseda University, 5-min walk from Waseda Station on the Tozai line.
Price: ¥23,800,000 ($212,000)
Size and Layout: 25.52 m² (275-sqft) studio (1K)
Floor: 6th floor unit in 11-story building
Land rights: Freehold
Year Built: 2013
Estimated Gross Yield: Currently occupied with an estimated gross yield of 4.6%
Structure: Reinforced concrete
Notes: Buy for your own use or as an investment property.
Renovated 1BR apartment for sale near Ikebukuro
Where: 4-min walk from Kita Ikebukuro Stn, one stop to Ikubukuro
Price: ¥24,900,000 ($222,000), a little over budget!
Size and Layout: 25.52 m² (275-sqft) studio (1K)
Floor: 3rd floor unit in 4-story building
Land rights: Freehold
Year Built: 1992
Occupancy: Currently vacant
Structure: Reinforced concrete
Notes: Quiet resident neighborhood. Recently renovated property. Buy for your own use or as an investment property.
FAQs About Buying a Home in Japan
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“.
How do I get a home loan as a foreigner in Japan?
Please see this article for information on: Getting a home loan as a foreigner in Japan
What is the process for buying a home 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