Authored by the expert who managed and guided the team behind the Japan Property Pack
Everything you need to know before buying real estate is included in our Japan Property Pack
As of September 2025, Nagoya's real estate market offers compelling value compared to other major Japanese cities.
Property prices in central Nagoya range from ¥365,000 to ¥500,000 per square meter for standard apartments, while luxury units can reach ¥1.5-2 million per square meter in prime locations. The Nagoya residential market remains significantly more affordable than Tokyo's ¥1.1-1.5 million per square meter, making it an attractive option for both investors and homebuyers seeking quality urban living at reasonable prices.
If you want to go deeper, you can check our pack of documents related to the real estate market in Japan, based on reliable facts and data, not opinions or rumors.
Nagoya property prices average ¥365,000-500,000 per square meter for standard apartments in central areas, with luxury units reaching up to ¥2 million per square meter.
The city offers excellent value compared to Tokyo and Osaka, with steady price appreciation of 3-5% annually in prime areas and attractive rental yields of 3.5-4.1%.
| Property Type | Price Range (¥/sqm) | Typical Total Cost |
|---|---|---|
| Standard Central Apartment | ¥365,000-500,000 | ¥40-60 million |
| Luxury Premium Unit | ¥1.5-2 million | ¥65+ million |
| Entry-level Compact | ¥300,000-400,000 | ¥10-20 million |
| Suburban House | ¥250,000-350,000 | ¥25-40 million |
| Budget Older Unit | ¥200,000-300,000 | ¥15-25 million |
| New Development | ¥450,000-600,000 | ¥50-80 million |
| Up-and-coming Areas | ¥320,000-450,000 | ¥35-55 million |
What's the average price per square meter in Nagoya right now?
The Nagoya residential market currently shows an average price range of ¥365,000 to ¥500,000 per square meter for standard apartments in central areas.
New condominiums in prime central locations typically cost between ¥40-60 million for a standard 70-80 square meter unit. Luxury apartments in the most sought-after areas can reach ¥1.5-2 million per square meter, particularly in premium developments near major subway stations.
Entry-level properties start from around ¥10 million for compact units, making Nagoya significantly more affordable than Tokyo's ¥1.1-1.5 million per square meter or Osaka's ¥875,000 per square meter average. The Nagoya condo market benefits from this price advantage while still offering excellent urban amenities and infrastructure.
Properties located within walking distance of subway stations typically command a 15-20% premium above the area average due to superior connectivity and convenience.
As of September 2025, these prices reflect steady growth momentum with the market showing resilient demand from both local buyers and investors.
How much does the price per square meter vary between apartments, houses, and new developments?
Price variations between property types in Nagoya create distinct market segments with clear differences in per-square-meter costs.
Standard apartments in city center locations range from ¥365,000-500,000 per square meter, while detached houses typically show broader price ranges starting from ¥250,000-350,000 per square meter in suburban areas. New detached homes generally start around ¥30-40 million total, significantly more affordable than equivalent Tokyo properties.
New developments command the highest premiums, particularly in upmarket areas like Hoshigaoka and Sakae, where prices can reach ¥450,000-600,000 per square meter. These premium developments often feature modern amenities, superior construction quality, and prime locations that justify the higher costs.
Size effects also influence pricing patterns, with smaller units typically showing higher per-square-meter rates while larger family-sized properties exhibit lower price per square meter but higher total purchase prices. Entry-level houses in city suburbs can be found from ¥20-25 million, offering excellent value for families seeking more space.
The variation reflects different target markets, with apartments appealing to young professionals and investors, while houses attract families seeking long-term stability.
Which neighborhoods are the most expensive, which ones are up-and-coming, and which areas are still budget friendly?
Nagoya's neighborhood pricing creates distinct tiers from premium luxury areas to budget-friendly family zones.
| Neighborhood | Price Category | Characteristics |
|---|---|---|
| Hoshigaoka | Most Expensive | Upscale, luxury shopping, trendy dining |
| Sakae | High/Rising | Central business district, vibrant nightlife |
| Shin-Sakae | Up-and-coming | Urban renewal projects, trendy development |
| Fushimi | Growing/Expensive | Office district, strong investor interest |
| Imaike, Kamimaezu | Mid-range | Popular with young professionals and expats |
| Tokushige, Akaike | Budget-friendly | Quiet suburban areas, family-focused |
| Fukiage, Otobashi | Most Affordable | Older Showa-era buildings, bargain opportunities |
How do prices differ depending on the size of the property and the total surface?
Property size significantly impacts both per-square-meter pricing and total acquisition costs in the Nagoya real estate market.
Compact units under 50 square meters typically show the highest per-square-meter rates due to land efficiency and high demand from young professionals. These properties often exceed ¥500,000 per square meter in central locations but offer total purchase prices starting from ¥10-15 million.
Standard family apartments of 70-80 square meters represent the market sweet spot, with per-square-meter costs of ¥365,000-500,000 and total prices ranging from ¥40-60 million in desirable central areas. These units provide optimal balance between space and affordability for most buyers.
Larger properties above 100 square meters typically show lower per-square-meter costs but higher total investment requirements. Premium large apartments in central Nagoya can cost ¥65+ million while offering more competitive per-square-meter rates around ¥350,000-450,000.
Houses generally provide the best space value, with detached properties offering 120-200 square meters at ¥250,000-350,000 per square meter, resulting in total costs of ¥30-50 million for quality family homes in good suburban locations.
It's something we develop in our Japan property pack.
What are some example purchase prices for typical properties in different parts of Nagoya?
Real purchase examples across Nagoya neighborhoods demonstrate the practical price ranges buyers can expect in different areas.
In premium Hoshigaoka and Sakae areas, a typical 75-square-meter apartment costs ¥45-60 million, while luxury units on upper floors can reach ¥65+ million. These central locations offer immediate access to shopping, dining, and business districts that justify the premium pricing.
Up-and-coming areas like Shin-Sakae and Fushimi provide better value with similar-sized units priced at ¥35-50 million, offering strong potential for appreciation as development projects complete. These neighborhoods attract investors seeking growth opportunities at more accessible entry points.
Budget-friendly suburban areas like Tokushige and Akaike offer family apartments for ¥25-35 million, while older neighborhoods like Fukiage provide bargain opportunities starting from ¥15-25 million for properties requiring minor renovations.
Entry-level investment properties begin around ¥10 million for compact central units, making the Nagoya property market accessible to first-time investors. Detached family houses range from ¥25-40 million depending on location and condition, providing excellent space value compared to apartment living.
These examples reflect actual market transactions and provide realistic expectations for different buyer profiles and investment strategies.
Don't lose money on your property in Nagoya
100% of people who have lost money there have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
What's the average total cost of buying when you include taxes, fees, and other transaction costs?
Total acquisition costs in Nagoya extend significantly beyond the property purchase price due to various taxes and fees.
| Cost Component | Typical Rate | Example on ¥50M Property |
|---|---|---|
| Government Taxes & Fees | 5-6% of purchase price | ¥2.5-3M |
| Real Estate Agent Fees | 3% + ¥60,000 + 10% tax | ¥1.65M |
| Registration Tax | 2% of assessed value | ¥800,000-1M |
| Stamp Duty | ¥10,000-480,000 by price | ¥200,000 |
| Acquisition Tax | Land: 1.5%, Building: 3% | ¥1-1.5M |
| Mortgage Costs (if financed) | 1-2% of loan amount | ¥400,000-800,000 |
| Total Additional Costs | 8-12% of purchase price | ¥4-6M |
How do mortgage rates and financing options affect the overall cost of owning property in Nagoya?
Favorable mortgage conditions in Japan significantly enhance affordability for Nagoya property buyers.
Floating mortgage rates currently range from 0.5-0.7% for 32-year terms as of July 2025, creating extremely low monthly payment obligations. Fixed-rate options through Flat 35 programs reach maximum rates around 3.69% for 21-35 year terms, still competitive by international standards.
Loan-to-value ratios typically reach 80-90% for both residents and qualified foreign buyers, minimizing required down payments. Banks generally require 10-20% down payment, making a ¥50 million property accessible with ¥5-10 million initial investment plus transaction costs.
Low interest rates dramatically reduce total ownership costs compared to higher-rate environments. A ¥40 million mortgage at 0.6% results in monthly payments around ¥115,000, while the same loan at 3% would cost approximately ¥170,000 monthly.
Additional mortgage-related costs include bank fees of 1-2% of the loan amount, appraisal fees, and mortgage insurance where required. These financing advantages make Nagoya property ownership accessible to a broader range of buyers than many international markets.
Current monetary policy supports continued low rates, maintaining favorable conditions for property acquisition financing.
If someone wants to live there themselves, what are the smartest options today?
Owner-occupiers should focus on areas offering lifestyle benefits combined with long-term value appreciation potential.
Sakae represents the optimal choice for urban professionals seeking convenience and vibrant city living, with excellent access to offices, shopping, and entertainment. Properties here range from ¥40-60 million for quality apartments, providing immediate lifestyle benefits and strong resale potential.
Up-and-coming areas like Shin-Sakae and Fushimi offer exceptional value for buyers willing to invest in neighborhoods undergoing transformation. These areas provide central location benefits at 15-25% discounts to established premium zones, with major development projects enhancing future prospects.
Families should consider suburban options in Tokushige and Akaike, where ¥25-35 million purchases quality family apartments with good schools and community amenities. These areas provide excellent quality of life at affordable prices while maintaining reasonable commute times to central business districts.
Young professionals benefit from compact units in central areas starting from ¥10-15 million, offering urban convenience and potential for appreciation as careers advance. Properties near subway stations provide optimal connectivity and maintain strong resale appeal.
It's something we develop in our Japan property pack.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Japan versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
If the goal is to rent out, what's the difference in opportunity between short-term rentals and long-term tenants?
Rental investment strategies in Nagoya offer distinct opportunities depending on property type and target market approach.
Short-term rental opportunities show strong potential in central areas like Sakae, benefiting from tourism recovery and business travel demand. Properties in these prime locations can achieve higher per-night rates and benefit from Nagoya's growing appeal as a business destination and cultural hub.
Long-term tenant strategies provide more predictable returns with rental yields of 3.5-4.1% in desirable areas, significantly higher than Tokyo's typical 2-3% yields. Vacancy rates remain low in well-located properties, ensuring steady income streams for investors.
Entry-level investment properties starting from ¥10 million make rental strategies accessible to smaller investors, while premium units near transportation hubs achieve the best combination of rental yields and capital appreciation potential.
Operational considerations favor long-term rentals for most investors, as they require less management oversight and provide stable monthly income. Short-term rentals demand more active management but can generate higher gross returns in prime tourist and business areas.
The Japanese rental market's stability and tenant protection laws create predictable investment environments, making both strategies viable depending on investor preferences and property characteristics.
If the plan is to buy now and resell later, what's the outlook for capital gains?
Capital appreciation prospects in Nagoya show promising trends supported by urban development and economic fundamentals.
Recent price performance demonstrates steady growth with 2.8% increases in 2024 and 3-5% annual appreciation in prime areas. This consistent appreciation pattern reflects underlying demand strength rather than speculative bubbles, suggesting sustainable growth prospects.
Growth drivers include major urban development projects, infrastructure improvements, and Nagoya's expanding role as a regional business hub. The city's position as Japan's fourth-largest metropolitan area supports continued demand from both domestic and international sources.
Premium units near subway stations achieve the best capital appreciation due to their superior connectivity and convenience factors. Properties in up-and-coming areas like Shin-Sakae and Fushimi offer particularly attractive appreciation potential as development projects enhance neighborhood desirability.
Compared to Tokyo's rapid price increases, Nagoya's moderate appreciation creates more sustainable investment conditions with lower risk of market corrections. The city's affordability advantage continues attracting buyers seeking value in major Japanese urban centers.
Long-term prospects remain positive due to Nagoya's economic diversity, corporate presence, and ongoing infrastructure investments that enhance the city's competitiveness and livability.
How have property prices in Nagoya changed compared to one year ago and five years ago?
Historical price analysis reveals consistent upward momentum in the Nagoya residential market over recent years.
Compared to September 2024, property prices have increased approximately 2.8% across the city, with prime central areas showing 3-5% growth. This moderate appreciation reflects healthy market conditions without excessive speculation or rapid price inflation that could indicate bubble formation.
Five-year price trends show cumulative appreciation of approximately 15-20% in desirable areas, translating to annual compound growth of 3-4%. This steady appreciation pattern demonstrates market resilience through various economic cycles and policy changes.
Central neighborhoods like Sakae and Hoshigaoka have outperformed the city average with 4-6% annual appreciation over the five-year period, while emerging areas show accelerating price growth as development projects enhance their appeal.
Entry-level properties have appreciated more modestly at 2-3% annually, maintaining affordability for first-time buyers while providing steady value growth for existing owners. Luxury segments show stronger appreciation due to limited supply and growing demand from affluent buyers.
These historical trends support continued moderate appreciation expectations, making Nagoya an attractive market for both capital preservation and growth-oriented investment strategies.
What's the forecast for Nagoya real estate in the next one year, five years, and ten years, and how does it compare with other major Japanese cities?
Future market projections position Nagoya as a stable, value-oriented alternative to Japan's higher-priced major cities.
One-year outlook anticipates continued price increases of 2-4% annually in core areas, supported by steady demand and ongoing development projects. Short-term market stability appears strong with low interest rates and economic recovery supporting buyer confidence.
Five-year projections suggest stronger appreciation potential as major city infrastructure projects complete and enhance Nagoya's regional competitiveness. Urban renewal initiatives in areas like Shin-Sakae are expected to drive above-average appreciation in emerging neighborhoods.
Ten-year forecasts position Nagoya to maintain its affordability advantage while delivering moderate but consistent appreciation. The city's economic diversity and corporate presence support long-term demand growth without the extreme price pressures affecting Tokyo and Osaka.
| City | Current Price/sqm | 2024 Growth | 5-Year Outlook |
|---|---|---|---|
| Tokyo | ¥1.1-1.5M | +10.7% | Moderate slowdown expected |
| Osaka | ¥875,000 | +2.3% | Steady growth |
| Fukuoka | ¥700,000 | +9.0% | Strong growth potential |
| Nagoya | ¥365-500K | +3-5% | Stable appreciation |
It's something we develop in our Japan property pack.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Nagoya's real estate market in 2025 presents compelling opportunities for both investors and homebuyers seeking value in Japan's urban centers.
With property prices significantly below Tokyo and Osaka levels, steady appreciation trends, and attractive rental yields, Nagoya offers an excellent balance of affordability, growth potential, and urban amenities that make it an increasingly attractive destination for real estate investment.
Sources
- Nagoya Price Forecasts - BambooRoutes
- Nagoya Real Estate Market Analysis - BambooRoutes
- Nagoya Property Investment Guide - BambooRoutes
- Housing Costs in Japan - E-Housing
- Best Areas in Nagoya - BambooRoutes
- Buying Property in Japan as Expat - Housing Japan
- Real Estate Purchase Costs Japan - RealEstate.co.jp
- Mortgage Rates July 2025 - Reddit Japan Residents
- Japan Flat 35 Loan Rates - Statista
- Japan Mortgage Guide - Expatica