How much does it cost to build a house in Japan? The latest price and trend analysis in 2024
In recent years, Japanese one-family houses (detached houses) have attracted the attention of a large number of overseas investors due to their high cost performance and permanent property rights. This article will combine the popular data from the entire network in the past 10 days to provide you with a detailed analysis of the price, regional differences and influencing factors of one-family homes in Japan.
1. Overview of average house price in Japan (data from June 2024)
| area | Average price (yen) | Equivalent to RMB (10,000 yuan) | Year-on-year change |
|---|---|---|---|
| Tokyo 23 wards | 65 million-120 million | 310-570 | +5.2% |
| Osaka city center | 48 million-80 million | 230-380 | +3.8% |
| Nagoya | 35 million-60 million | 170-290 | +2.1% |
| Fukuoka | 28 million-45 million | 135-215 | +4.5% |
| local city | 15 million-30 million | 72-143 | +1.2% |
2. Analysis of recent popular influencing factors
1.The yen exchange rate fell: The current exchange rate of the yen against the yuan is about 0.047, a new low in the past 30 years, which is equivalent to a disguised discount of 70-20%.
2.Rising construction costs: Data from Japan’s Ministry of Land, Infrastructure, Transport and Tourism shows that wood prices will rise by 18% year-on-year in 2024, and concrete prices will rise by 12%, leading to an increase in the cost of new construction.
3.Favorable policies: The Japanese government has launched a "residential tax reduction" policy, with the loan limit reaching up to 100% of the house price and the interest rate as low as 0.3%.
3. Price comparison of different areas
| Building area | Tokyo price range | Osaka price range | Recommended place with good value for money |
|---|---|---|---|
| 80㎡ | 52 million-78 million | 38 million-55 million | Chiba Prefecture |
| 120㎡ | 78 million-110 million | 55 million-76 million | Kanagawa Prefecture |
| 150㎡ | 100 million-150 million | 76 million-98 million | Saitama Prefecture |
4. Top 5 recently searched areas
According to Google Trends data, the hotly searched areas for real estate in Japan in the past 10 days are:
1. Yokohama City (convenient transportation + international school resources)
2. Kita-ku Akabane (the last price depression in Tokyo)
3. Nishinari Ward, Osaka (Old City Renovation Bonus Area)
4. Fukuoka Hakata (Asian hub city potential stock)
5. Karuizawa (Surge in demand for resort properties)
5. Purchase suggestions
1.budget allocation: In addition to the house price, 3-5% taxes (real estate acquisition tax, registration tax, etc.) and 2% agency fee need to be reserved.
2.Loan strategy: Japan’s three major banks (Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho) loan amounts to foreigners are usually 50-70% of the house price.
3.Value preservation elements: Properties within a 10-minute walk from the station and surrounded by supermarkets and schools are the most resistant to falling.
Currently, Japan's one-family home market is characterized by "steady growth in the capital area and differentiation in local cities." Investors are advised to pay attention to emerging areas such as "Toyosu" and "Harumi" developed after the Tokyo Olympics, as well as the Osaka casino construction radiation circle. When actually purchasing, it is recommended to obtain the latest listing information through professional platforms such as SUUMO or Homes, and entrust a judicial scrivener to conduct a property rights investigation.
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