In this installment of the “what can you buy” series, again by popular demand, we take a look at what you can buy in Japan at the below-average price of ¥16,000,000 ($147,000 USD) or much less.

To put this price in perspective:

  • In June, the average sale price of a pre-owned condominium in the greater Tokyo area rose 12.2% year-on-year to ¥41,140,000 ($375,000 USD) in June, eclipsing the previous record of ¥40.44 million in May.
  • The average sales price of a newly built apartment in Greater Tokyo in June was ¥62,110,000 ($567,000 USD), down 2.8% year over year.
  • See this article for the average price of a second-hand apartment in Japan, by prefecture.

Following the examples, we provide answers to frequently asked questions about buying real estate in Japan as a foreigner.

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

2LDK House in Karuizawa — Located on a large lot surrounded by trees, price of 12,800,000 ($117,000 USD)

List Price: ¥12,800,000 ($117,000 USD)

Venue: 12 minutes by car from Karuizawa Station in Karuizawa, Nagano.

Karuizawa is a mountain resort town in Nagano Prefecture. It is about a 2 hour drive from Tokyo on the Shinkansen. Known for its mild summers, Karuizawa is a popular weekend getaway destination for Tokyo residents. There are many recreational activities in the summer in Karuizawa such as golfing, hiking and cycling. Skiing and hot springs are popular in the winter.

Maple trees at Kumoba pond in Karuizawa, Nagano. Image: iStock 916824538

Property Highlights

2LDK (2-bedroom) house for sale in Karuizawa, Nagano. Click on the photo for the full list and to contact the broker. Image: Tokyo Resort

Our recommended property is a spacious 107.42 sqm 2LDK house for sale in a quiet location about 12 minutes drive from Karuizawa station.

  • Relatively large plot of 492.00 m²
  • Large balcony, with beautiful views of surrounding trees
  • Spacious living room with wood stove and kitchen sink

Enjoy beautiful views of the surrounding trees and mountains. Image: Tokyo Resort

Open plan living/dining room. Image: Tokyo Resort

On Real Estate Japan, many of the properties available for sale in Karuizawa to be plots of undeveloped land and resort-style single-family homes. You can find price points from the equivalent of less than $100,000 USD to several million US dollars. Use the filters on the search page to find the properties that meet your criteria!

5K house for sale in Kyoto — Located in the historic district of Shugakuin, refurbishment ready for renovation

Advertising Price: ¥13,800,000 ($127,000 USD)

Venue: This vintage home is located in the quiet, historic Shugakuin neighborhood of northeast Kyoto near the Takano River. The property is about a 9-minute walk from Shugakuin Station on the Eizan Main Line.

A local attraction is the Imperial Villa of Shugakuin, considered one of Japan’s most important large-scale cultural treasures. The gardens are also known as one of the great masterpieces of Japanese gardening.

Tagaragaike Park, a large public park, is about a 19-minute walk away.

Autumn at the Imperial Villa Shugakuin, Kyoto, Japan in November 2014. iStock Photo, Credit Ark_Tui

Highlights of the property:

  • Traditional style house of 71 m² on 2 floors and 5K
  • This house will need to be renovated. Make it your dream home!
  • Supermarkets and convenience stores nearby
  • Visit the full list to see a video walkthrough and to inquire about the agent on the property detail page.

Dining room. Click on the photo to see the full listing and to submit an application to the broker. Photo: Kurofune

Japanese style rooms. Click on the photo to see the full listing and to submit an application to the broker. Photo: Kurofune

exterior. Click on the photo to see the full listing and to submit an application to the broker. Photo: Kurofune

3LDK House for sale in Kadoma-shi, Osaka — Beautifully renovated, great location 30 mim direct ride to Osaka-Umeda station

Advertising Price: ¥13,800,000 ($127,000 USD)

Venue: This beautifully renovated 3 bedroom house is located in Kadoma-shi, about 10 minutes walk from Kayashina station on the Keihan main line, about 30 mim direct ride to Osaka-Umeda station

Property Highlights

Spacious living/dining room in this renovated 3 bedroom house for sale in Kadoma-shi, Osaka. Click on the photo for the full list and to contact the broker. Image: Re/Max Apex

  • 110.87 sqm 3LDK (3 bedroom) 3 story house
  • Garage
  • South-west facing house
  • Interior beautifully renovated, please click here to see more photos and the full list.

3LDK house for sale in Kadoma-shi, Osaka. Click on the photo for the full list and to contact the broker. Image: ReMax Apex

List Price: ¥14,500,000 ($133,000 USD)

Venue: This 11th floor 3LDK (3-bedroom) apartment is located in the 14-storey Onjuku Urban Comfort building. It is only 300 meters from the property to Onjuku Beach and an 8-minute walk to Onjuku Station.

The town of Onjuku is known for its white sand beach and is considered one of the best surfing spots in Chiba. Onjuku Station is about an hour and 40 minutes by train from Tokyo.

Property Highlights

  • Spacious 91.87 m² 3-bedroom apartment
  • Enjoy beautiful views of Onjuku Beach from the bedrooms and balcony!
  • For more the complete list and more photos, please click here.

View of Onjuku Beach from the balcony. Click on the photo for the full list and to contact the broker directly. Image: Tokyo Resort

View from one of the three bedrooms. Image: Tokyo Resort

Dining room, picture: Tokyu Resort

List Price: ¥16,000,000 ($147,000 USD)

Venue: 5 minutes walk from Chidorichoch Station on the Tokyo Ikegami line, about 20 minutes direct ride to Gotanda Station and about 30 minutes to Shibuya Station with a change at Gotanda to the Yamanote Line.

Property Highlights

1K 7th floor apartment for sale in Ota Ward, Tokyo near Chidoricho Station on the Tokyu Ikegami Line. Click on the photo for the full list and to contact the broker directly. Image: Nihon Agent

  • 1K apartment on the 7th floor in an 8-storey building
  • Built in 2000
  • Currently let with estimated gross yield of 5.8%
  • To see the full list and more photos, please click here.

Recommended agents

All brokers who offer homes on real estate.co.jp are bilingual in Japanese and English. Some agents can also handle inquiries in Traditional Chinese, Simplified Chinese, and other languages. Click on the links below to see their offers:

Yes. You can buy real estate in Japan regardless of your nationality or country of origin. There are also no residency requirements for buying real estate in Japan. Securing funding as a resident foreigner is more complicated. For financing information, see Basic Requirements for Obtaining a Mortgage as a Foreigner in Japan

See our seminar page for an up-to-date list of seminars on: How to Buy a Home in Japan, Investing in Japanese Real Estate for Beginners, How to Apply for Permanent Residence in Japan, How to Sell Real Estate in Japan, and much more.

See this article for information on: Getting a Real Estate Loan as a Foreigner in Japan

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 on purchase and brokerage fees: Breakdown of Real Estate Purchase Fees and Taxes in Japan

Need to Know: Building Regulations and Technology for Earthquakes in Japan

Real Estate Japan is pleased to provide free, no-obligation appraisals for property owners in Japan. Click here and fill in the form: How much is my property worth?

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

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


Lead photo: Maples at Kumoba Pond in Karuizawa, Nagano. Image: iStock 916824538

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