In this installment of our series on “what can you buy” in cities throughout Japan, we head to Osaka, the unofficial capital of western Japan!
The average price of a re-sale apartment in central Osaka is about 33 million yen ($299,000), so when we are house hunting with a budget of about $200,000 (22 million yen), we are looking at a price point well below the average.
Below are just a few examples of what is currently available in the $200,000 listing price range.
Where: Kishiwada is located on Osaka Bay, about 40-km south of Osaka. The city of Kishiwada is known for its annual Kishiwada Danjiri Matsuri (“cart pulling”) festival, one of most famous in Japan.
Price: ¥21,480,000 ($195,000)
Size and Layout: 116.00 m² (1,249-sqft) 3LDK (3BR house)
Stories: 2 stories
Year Built: 2006
Notes: All western-style rooms. Well maintained property, with lots of storage space. About 30-min walk to the nearest station (Shimomatsu Station on the Hanwa line), so a car commute may be more practical.
Where: 12-min walk from Fukushima Station on the Osaka Loop line, one stop from Osaka Station.
Price: ¥18,000,000 ($163,000)
Size and Layout: 24.36 m² (262-sqft) 1K (Studio apartment)
Floor: 7th-story unit in 10-story building
Year Built: 2015
Notes: Excellent location, well-maintained unit. Currently occupied. Buy for yourself or as investment property.
Where: 11-min walk to Hirano Station on the Yamatoji line. Easy ride to Tennoji.
Price: ¥21,480,000 ($195,000)
Size and Layout: 100.48 m² (1,076-sqft) 4LDK (4BR bedroom)
Stories: 3 stories + loft
Year Built: 1998
Notes: Three-story townhouse with a loft and covered parking space. Three western-style bedrooms, one Japanese style. Currently occupied. Buy for yourself or as investment property.
Where: Right in heart of Namba, 8-min walk from JR Namba station.
Price: ¥15,600,000 ($142,000)
Size and Layout: 23.25 m² (250-sqft) 1K (Studio apartment)
Floor: 6th-story unit in 19-story building
Year Built: 2014
Notes: Excellent location right in Namba (8-min walk from JR Namba Station), southern Osaka’s entertainment and shopping center, home to Shinsaibashi and Dotonbori. Currently occupied. Buy for yourself or as investment property.
Where: The city of Settsu has a population of about 85,300, and is located 15-km north of Osaka.
Price: ¥23,900,000 ($217,000) — A little over the budget
Size and Layout: 84.33 m² (908-sqft) 3LDK (3BR bedroom)
Stories: 3 stories
Year Built: 2017
Notes: This listing just came online a few days ago. Excellent natural light, one parking space, all western-style rooms in this new (2017) home in an excellent location, with an easy commute to central Osaka.
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
Top Photo: View of the Osaka plan, looking towards Minoh