How much does a house in Japan cost? Analysis of the latest housing price data and popular trends in 2024
In recent years, the Japanese real estate market has continued to attract attention due to loose monetary policies, tourism recovery and the influx of overseas investors. This article combines hot topics on the Internet for the past 10 days to sort out the latest housing price data in Japan and analyzes the current market trends.
1. Comparison of housing prices in major cities in Japan (May 2024 data)
| City | Average apartment price (Japanese yen/㎡) | Average price of single-family houses (Japanese yen) | Increase compared with 2023 |
|---|---|---|---|
| Tokyo District 23 | 1,200,000 | 68 million | +7.2% |
| Osaka City Center | 850,000 | 45 million | +5.8% |
| Fukuoka | 600,000 | 32 million | +9.1% |
| Sapporo | 450,000 | 28 million | +3.4% |
2. The current three hot trends in the market
1.Depreciation of the yen stimulates overseas home purchases: The yen exchange rate fell to a 34-year low, and Chinese investors shared the case of "5 million yen (about 230,000 yuan) purchasing Hokkaido B&B" through platforms such as Xiaohongshu, which has caused heated discussion.
2.The Olympic legacy effect continues: House prices for Olympic village renovation projects such as Toyosu and Harukai in Tokyo rose by 42% compared with 2019, and the unit price of some high-end apartments exceeded 3 million yen/m2.
3.Local urban investment heats up: The "digital homeless visa" launched by the Japanese government has driven the demand for vacation properties in Okinawa, Nagano and other places, and the yield rate of Airbnb properties generally reaches 6-8%.
3. Details of cost of different types of real estate
| Cost Type | New apartment (Tokyo) | Second-hand one-household building (Osaka) |
|---|---|---|
| House Price | 80 million yen | 35 million yen |
| Agency Fees | House price × 3% + 60,000 | House price × 3% + 60,000 |
| Fixed asset tax | Evaluation price × 1.4% | Evaluation price × 1.4% |
| Repair Fund | 20,000 yen per month | none |
4. Expert opinions and risk warnings
1. Mitsubishi UFJ real estate analyst pointed out: "Foreign investors' transactions account for 18% in Q1 2024, but it is necessary to note that there are signs of bubbles in some areas."
2. The latest data from the Ministry of Land, Infrastructure, Transport and Transport of Japan shows that the national vacant house rate reaches 13.6%, and the "zero-yuan house purchase" policy in local cities actually requires high renovation costs.
3. The "2 million yen rural housing" that has been hotly discussed on the Internet is mostly dilapidated housing renovation projects, and actual housing needs to be added to infrastructure investment of 3-5 million yen.
5. Home purchase advice
• Self-occupied transportation is preferred, and the property can be kept within 10 minutes' walk of JR Station.
• Investment needs to pay attention to "specific empty homes and other countermeasures to promote regional tax incentives"
• It is recommended to reserve 10% of the house price as a budget for various miscellaneous expenses.
(Note: The data in this article combines the public information of the Japanese Real Estate Economics Institute, REINS and major banks in May 2024, and the exchange rate is calculated as 1 yen = 0.046 RMB)
check the details
check the details
en
