How much does an apartment cost in Osaka – March 2022 Update

The average sales price of a newly constructed apartment in the city of Osaka was ¥42,570,000 ($350,000 USD) in February 2022. This was a year-on-year increase of 12.2% and up 20.3% versus January.

The average sales price per square meter was up year-on-year to ¥960,000 (+10.1% YoY).

For the Kansai region as a whole, the February average sales price hit ¥44,330,000 ($364,000 USD), up 12.1% year-on-year, led by strong price growth in the cities of Kyoto, Kobe, and Osaka and the prefecture of Shiga.

The average sales price per square meter for Kansai was up 8.2% year-on-year in February to ¥791,000. February was also the fourth consecutive month in which the average price per square meter has risen year-on-year in the region.

Data for the Kansai region covers Osaka prefecture, the city of Osaka, Hyogo prefecture, the city of Kobe, Kyoto prefecture, the city of Kyoto, and Nara, Shiga, and Wakayama prefectures.

The main takeaway from the February report is that buyer demand is continuing to stay strong despite rising prices. The contract rate for the Kansai region as a whole was 79.2%, well above the 70% market for three consecutive months. The contract rate is the number of units contracted for sale divided by the number of units offered for sale. Seventy percent is considered the dividing line between a seller’s and buyer’s market.

New inventory remains very tight in western Japan. Kansai suppliers released 1,378 newly built units for sale in February, a drop of 19.8% year-on-year. The March forecast is for an additional 1,500 units to come to market, which would be a year-0n-year decrease of 19.0%.

Average Sales Price of an Apartment in Kansai – By City & Prefecture

Here is the breakdown of average sales prices by area for February 2022 compared to January 2022 and year-on-year.

Source: Real Estate Economic Research Institute (不動産経済研究所)

Average Sales Price of an Apartment in Kansai – By City & Prefecture

This is the breakdown of average sales prices per square meter by city and prefecture for February 2022 compared to January 2022 and year-on-year.

For more information about Osaka

Osaka living guide

Osaka average rent

Sakai Area Guide

Kyobashi Area Guide

Kansai New Condominium Market Report for January to June 2021

What can you buy in Osaka for $150,000 or less?

Osaka short-term apartments: Where to stay near Umeda

Osaka properties for sale

Osaka apartments for rent


Bilingual Agents

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:

All For Sale Property Listings

Investment Property Listings

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

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.

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 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

Leasehold rights in Japan: Advantages and disadvantages

Earthquake building codes and technology in Japan

Can I legally rent out my home in Japan on AirBnB?

Repair reserve fund fees explained

Parking spaces in Japanese condominium buildings explained

Building your own home in Japan

7 reasons why foreigners are interested in buy a home in Japan, especially now – March 2022 Update

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?

Akiya Banks in Japan

Tokyo Apartment Market Forecast: Trends to watch for in 2022

Kansai Apartment Market Forecast: Supply and price trends to watch for in 2022


Sources:

REEI,  February 2022 Kansai New Condominium Market Trends Report (PDF in Japanese)

REEI, January 2022 Kansai New Condominium Market Trends Report (PDF in Japanese)

REEI, February 2021 Kansai New Condominium Market Trends Report (PDF in Japanese)

Lead photo: Cherry blossoms in bloom near Minami-Tenma Park, Osaka via iStock 1296163108


Please enable Javascript to send comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.