What can you buy for $185,000 or Less Around Japan?

In this installment in the “what can you buy” series, we take a look at what you can buy around Japan for about $185,000 (¥20,000,000) or less.

To put this price point in perspective, the average sales price (from January to November 2019) of a new apartment sold in the Tokyo 23 Wards was ¥72,4470,000 ($655,000), up 1.5% YoY, or about ¥1,113,00 per sqm.

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

Let’s look at a few examples of what’s currently on the market.

Mountain Getaway Home in Hakone – Enjoy the hot springs of Hakone!

House for sale in Hakone, Kanagawa. Please click on the photo for the full listing and to inquire directly to the agent.

2BR house for sale in Hakone, Kanagawa. Please click on the photo for the full listing and to inquire directly to the agent.

Location: Secluded location in hot springs resort town of Hakone, Kanagawa, about 90-km south of Tokyo. Enjoy fresh mountain air, gorgeous seasonal views, and one of Japan’s best hot springs.

Price: ¥20,000,000 ($182,000)

Size and Layout: 84.82 m² (883-sqft) 2LDK (2BR)

Floors: 1-story

Land rights: Freehold

Year Built: 2005

Notes: Great value in this Hakone getaway home. Large lot, great views and onsen-access rights, which require a separate fee. Please see the listing for details.

Apartment for Sale in Central Osaka – 3-min direct ride to Shinsaibashi Station – Currently tenanted

Spacious studio apartment for sale in central Osaka. Please click on the photo for the full listing and to inquire directly to the agent.

Apartment for sale in central Osaka. Please click on the photo for the full listing and to inquire directly to the agent.

Location: Great location in central Osaka! One-min walk from Matsuya Machi Station, 3-min direct ride to Shinsaibashi Stn, 14-min to Umeda (with one transfer), 12-min to Namba with one transfer.

Price: ¥19,500,000 ($178,000)

Size and Layout: 29.95 m² (312-sqft) 1R (Studio)

Floors: 6th-story in 26-story building

Land rights: Freehold

Year Built: 2011

Notes: Buy for yourself or as an investment property. Currently tenanted with estimated gross yield of 5.2%.

2BR House for Sale in Kyoto — Currently tenanted with estimated gross yield of 8.2%

3DK (2BR) house for sale in Fushimi Ward, Kyoto. Please click on the photo for the full listing and to inquire directly to the agent.

Location: 5-min walk from Fujinomori Station on the Keihan Main line, about a 21-min ride to Kyoto with one transfer.

Price: ¥9,500,000 ($87,000)

Size and Layout: 59.13 m² (635-sqft) 3DK (2BR)

Floors: 2-stories

Land rights: Freehold

Year Built: 1980

Notes: Buy for yourself or as an investment property. Currently tenanted with estimated gross yield of 8.2%

Renovated Apartment for Sale in Ichikawa, Chiba – 24-min direct ride to Otemachi Station in downtown Tokyo

1BR apartment for sale in Ichikawa, Chiba. Please click on the photo for the full listing and to inquire directly to the agent.

For sale is a recently renovated 1BR apartment in Ichikawa, Chiba. Please click on the photo for the full listing and to inquire directly to the agent.

Location: Excellent location. Enjoy lower cost of living in Chiba, with an easy commute to central Tokyo. About 9-min walk from Gyoutoku Stn on the Tozai subway line, 24-min direct ride to Otemachi Station

Price: ¥14,800,000 ($135,000)

Size and Layout: 39.08 m² (420-sqft) 1LDK (1BR)

Floors: Top floor (7th-foor in 7-story building)

Land rights: Freehold

Year Built: 1974, recently renovated

Notes: Buy for yourself or as an investment property.

Whole Apartment Building in Sapporo — Tenanted with est. gross yield of 16.2%

Whole apartment building for sale in Sapporo, Hokkaido. Please click on the photo for the full listing and to inquire directly to the agent.

Location: Excellent location, walking distance Sapporo University, 5-min by bus to Sumikawa Station on the Sapporo Municipal Subway Namboku line.

Price: ¥18,600,000 ($170,000)

Size and Layout: 165.62 m² (1,282-sqft) whole apartment building, ten 1R studio apartment units, including two units with toilet separate from bath.

Floors: 2-stories

Land rights: Freehold

Year Built: 1987, recently renovated exterior, some interior units, replaced pipes and gas water heater

Notes: Currently tenanted with high estimated gross yield of 16.2%. Perfect as rental for Sapporo University students.

FAQs About Buying Property 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 property loan as a foreigner in Japan?

Please see this article for information on: Getting a property loan as a foreigner in Japan

What is the process for buying a property in Japan?

Please see our step-by-step guide: Guide to Property 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

Bilingual Real Estate Agent in Tokyo Answers Your FAQs on Buying and Managing an Investment Property

How much is my property worth?

Real Estate Japan is pleased to offer free, no obligation appraisals for owners of property in Japan. Please click here and fill out the form: How much is my property worth?

7 situations when you should consider selling your investment property in Japan

What are the main factors affecting home sale prices in Japan in 2019?

Seminars on Buying Property in Japan

Please see our seminar page for a current list of seminars on: how to buy a home in Japaninvesting in Japanese real estate for beginnershow to apply for permanent residency in Japanhow to sell property in Japan, and much more.