What can you buy for $145,000 around Japan?

In this installment of the “what can you buy for” series, we take a virtual tour around Japan, from the metropolises of Tokyo and Osaka to medium-sized cities to see what you can buy for about $145,000 (¥16,000,000) or less.

To put this price point in perspective, in 2017, the average listing price for a 70-sqm re-sale condominium in the Tokyo 23 Wards was ¥53,230,000. This year (2018), the average listing price for a single-family home in the 23 Wards is about ¥64,870,000 ( a year-on-year increase of 8.5%).

After the examples, we give answers to FAQs about buying property in Japan as a foreigner.

Now, let’s look at some listings!

Studio apartment across from Shinjuku Central Park

Shinjuku Central Park. Image: Wikimedia

Where: Excellent location in Nishi (West) Shinjuku, just across the street from Shinjuku Central Park, 7-min walk from Tochomae Stn on the Toei Oedo line, Tokyo Metropolitan Government buildings, Park Hyatt Tokyo.

Studio apartment for sale near Shinjuku Central Park. Please click on the photo for more photos, the full listing and to inquire directly to the agent.

Price: ¥15,800,000 ($143,000)

Size and Layout: 24.36 m² (258-sqft) studio (1K)

Floor: 4th-floor unit in 13-story building

Land rights: Freehold

Year Built: 1980

Structure: Steel reinforced concrete

Notes: Currently vacant. Purchase for yourself or as investment property.

Studio apartment near Tobe Stn – One stop from Yokohama Stn

Yokohama was chosen in a recent of poll of locals as the best place to live in greater Tokyo. Many people who work in downtown Tokyo choose to live in Yokohama because it’s much more livable, while still offering a doable commute.

Tobe Station is one stop from Yokohama Station on the Keikyu Main line. Image: Wikimedia

Location: 1-min walk from Tobe Station on the Keikyu Main line, one stop from Yokohama Station, 25-min direct ride to Shinagawa.

Second floor studio unit for sale near Tobe Station on the Keikyu Main line. Please click on the photo for the floor plan, the full listing, and to inquire directly to the agent.

Price: ¥16,000,000 ($144,000)

Size and Layout: 20.62 m² (215-sqft) studio (1K)

Floor: 2nd-floor unit in 11-story building

Land rights: Freehold

Year Built: 2008

Structure: Reinforced concrete

Notes: Currently occupied with an estimated gross yield of 5.6%. Purchase for yourself or as investment property.

Studio apartment in Namba neighborhood of Osaka

If you head to western Japan (which would include Osaka, Kobe, and Kyoto), you will find lower average listing prices for both new construction and previously owned properties.

The average price of a re-sale apartment in central Osaka is about 33 million yen ($299,000), which is about ¥20 million yen less than the average listing price for a re-sale apartment in the Tokyo 23 Wards (in 2017).

The entertainment destination of Dotonbori is located in the Namba district of Osaka. Image: Wikimedia

Location: Excellent location 8-min walk from JR Namba Station in Osaka.

Studio apartment for sale in Namba district of Osaka. Please click on the image for more photos, the full listing, and to inquire directly to the agent.

Price: ¥15,600,000 ($141,000)

Size and Layout: 23.25 m² (247-sqft) studio (1K)

Floor: 6th-floor unit in 12-story building

Land rights: Freehold

Year Built: 2014

Notes: Currently occupied with an estimated gross yield of 6.1%. Purchase for yourself or as investment property.

3BR house in Nanae-cho, Hokkaido

If you go outside Japan’s metropolitan regions, your yen can stretch much further, especially with respect to property type and size. Hokkaido and Okinawa are two of the most popular locations for people looking to buy property on Real Estate Japan.

Mount Hokkaidō-Komagatake (a strato volcano) on the border of Nanae, Mori, and Shikabe towns in Hokkaido. Image: Wikimedia

Location: Nanae town is about 16-km north of Hakodate, Hokkaido.

3BR house for sale in Nanae-cho, Hokkaido. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

3BR house for sale in Nanae-cho, Hokkaido. Please click on the photo for the full listing, more photos, and to inquire directly to the agent.

Price: ¥14,000,000 ($126,000)

Size and Layout: 3BR (3LDK)115.92 m² single-family home

Floors: Two story

Land rights: Freehold

Year Built: 2013

4BR house in Seto-shi, Aichi Prefecture

And if  you want to settle in one of Japan’s medium and small cities and towns, you will be able to find many properties below the average listing prices in Tokyo and Osaka, and of course, well within our hypothetical budget of $145,000.

Seto (with a population of about 129,000) is a city in Aichi prefecture about 20-km north of Nagoya. Seto is one of Japan’s six most important ancient kiln towns and is renowned for its ceramics. In Japanese, “Setomono” (“Seto ware”) is a generic name for ceramics. Image: Wikimedia

4BR house for sale in Seto-shi, Aichi. Please click on the photo for interior photos, the full listing, and to inquire directly to the agent.

Price: ¥15,800,000 ($143,000)

Size and Layout: 4BR (4LDK) 98.12 m² single-family home

Floors: Two story

Land rights: Freehold

Year Built: 2013

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

Lead photo: Kamigaki no michi (walking path) in Seto-shi, Aichi. Image: Wikimedia