In this installment of the “what can you buy” series, by popular request, we take a look at what you can buy around Japan at the below average price point of ¥16,000,000 ($148,000 USD) or much less.
To put this price point in perspective:
- From January to November 2020, the average sales price for a newly constructed apartment in greater Tokyo was ¥62,540,000 ($606,000) and average price per sqm was ¥959,000 (+9.1% YoY).
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!
2LDK house for sale in Hakone — Enjoy hot springs bathing in your home
Listing price: ¥14,800,000 ($138,000 USD)
Location: This spacious 93-sqm 2-bedroom home sits on 871-sqm of land in the Myojin Daira area of Hakone. It is located about a 23-minute drive from Hakone Yumoto Station.
Hakone is a mountainous town located in Fuji-Hakone-Izu National Park, about 87-km southwest of Tokyo and is known for its hot springs resorts (onsen) and views of the iconic volcano Mount Fuji. It is a popular day- and weekend-trip destination for Tokyo residents.
- 93.32 m² (1,001-sqft) 2LDK (2-bedroom) 2-story house
- Large wooden deck overlooking garden and trees
- Hot springs water rights, requiring additional one-time and annual fees
The home features large windows and open spaces, with a garden overlooking the mountains to the south.
Fees associated with the property (which can be found here, in the full listing) include a “hot spring right,” which allows local hot springs water to be supplied directly to the bathing facilities in the home.
2DK apartment in Ikebukuro – Recently renovated, just 2 minutes from Ikebukuro Station
Listing price: ¥16,000,000 ($149,000 USD)
Location: 2-minute walk from Ikebukuro Station.
Ikebukuro is a major entertainment and shopping district anchoring northwestern Tokyo, of the city’s main transportation hubs and the second busiest train station in the world. See the full area guide here: Ikebukuro Area Guide
- 33.94 m² (355-sqft) 2DK (2-rooms plus dining/kitchen) apartment
- 5th-story unit in 6-story apartment building
- Recently renvoated
- Buy for yourself or as an investment property
- Currently tenanted with an estimated gross yield of 7.5%
3LDK house for sale in Katsuura, Chiba — On the Boso Peninsula – Enjoy golf, surfing, and marine sports nearby
Listing price: ¥14,800,000 ($138,000 USD)
Location: 11-min by car to Katsuura Station on the JR Sotobo line
Katsuura is a coastal city on Japan’s Boso Peninsula known for its fishing ports, where fish are unloaded and auctioned.
This home is located in the Tokyu Resort Town Katsuura development and is just 500-meters from Tokyu Katsuura Golf Course and is also easily accessible to Katsuura Central Beach, a popular family-friendly beach, which is also known for surfing and other marine sports.
- 3LDK (3-bedroom) 98-sqm 2-story house
- All Western-style rooms
- One parking space
- Sunny, spacious rooms
5SK house for sale in Kyoto — Renovated in December 2019, family-friendly neighborhood
Listing price: ¥15,900,000 ($148,000 USD)
Location: 14 min. walk from Uzumasa Kouryuji Station in Ukyo Ward.
- 5SK (5-bedroom) 85-sqm 2-story house
- Renovated in December 2019
- Please see a video walkthrough here: 5SK house for sale in Kyoto
3LDK apartment for sale in Osaka — Sunny, spacious apartment just 4 stops to Osaka-Umeda Station
Listing price: ¥15,980,000 ($149,000 USD)
Location: 14 min. walk from Chibune Station on the Hanshin Main line in Nishiyodogawa Ward.
- 4-stops direct to Osaka-Umeda Station
- 33-minutes direct to Kobe-Sannomiya Station
- 60.21 m² 3LDK (3-bedroom) apartment
- 10th-floor unit in 15-story building
- Brand new kitchen, sink, floor, bathtub and wallpaper.
All of the agents who list properties on realestate.co.jp are bilingual in Japanese and English. Some agents can also handle inquiries in Traditional Chinese, Simplified Chinese, and other languages. Please click on the links below to see their listings:
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 our seminar page for a current list of seminars on: how to buy a home in Japan, investing in Japanese real estate for beginners, how to apply for permanent residency in Japan, how to sell property in Japan, and much more.
Please see this article for information on: Getting a property loan as a foreigner in Japan
Please see our step-by-step guide: Guide to Buying 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
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?
Tokyo Apartment Market Forecast: Trends to watch for in 2021
Kansai Apartment Market Forecast: Supply and price trends to watch for in 2021
Lead photo: House for sale in Kyoto, image: Insight House