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As of September 2025, Nagoya's property market offers significant value compared to Tokyo and Osaka.
The average price for apartments in Nagoya's city center ranges from ¥365,000 to ¥500,000 per square meter, making it substantially more affordable than Japan's largest cities while still offering strong growth potential and excellent infrastructure.
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Nagoya property prices remain 30-40% below Tokyo levels while showing steady 3-7% annual growth in central areas.
The market offers excellent value for both residents and investors, with total purchase costs typically adding 5-8% to the property price.
| Property Type | Average Price (2025) | Annual Growth Rate |
|---|---|---|
| Standard City Center Apartment | ¥365,000-500,000/sqm | 5-7% |
| New 70-80sqm Condo | ¥40-60 million | 3-5% |
| Luxury Apartment | ¥1.5-2 million/sqm | 4-6% |
| Suburban House | ¥25-40 million | 2-3% |
| Luxury Detached Home | ¥100-150 million | Variable |
| Investment Property Yield | 3.5-4.1% | Stable |
| Total Purchase Costs | +5-8% of property price | - |
What's the current average property price in Nagoya?
As of September 2025, Nagoya's property market shows significantly lower prices than Tokyo or Osaka while maintaining steady growth.
Apartments in Nagoya's city center average ¥365,000 to ¥500,000 per square meter. A typical new 70-80 square meter apartment in desirable central areas costs between ¥40 million and ¥60 million.
This represents exceptional value when compared to Tokyo, where similar properties can reach ¥110-150 million, making Nagoya an attractive option for both residents and investors seeking quality urban living at reasonable prices.
The Nagoya residential market has shown consistent 3-7% annual growth in central areas, with premium districts near subway stations commanding prices 15-20% above the city average.
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How do prices differ between apartments, houses, and luxury properties?
Nagoya's property market shows clear price segmentation across different property types and quality levels.
| Property Category | Price Range (2025) | Typical Buyer Profile |
|---|---|---|
| Standard Apartments (City Center) | ¥365,000-500,000/sqm | Young professionals, first-time buyers |
| New Condominiums (70-80sqm) | ¥40-60 million | Middle-class families, investors |
| Luxury Apartments (Premium) | ¥1.5-2 million/sqm | High-income earners, executives |
| Suburban Detached Houses | ¥25-40 million | Families seeking space and value |
| Central Detached Houses | Similar to condo per sqm | Affluent families preferring houses |
| Luxury Detached Homes | ¥100-150 million | Ultra-high net worth individuals |
| Investment Properties | Varies by location | Real estate investors (15% of market) |
What are the most expensive neighborhoods in Nagoya right now?
Nagoya's premium residential districts command the highest prices due to their exclusivity, convenience, and infrastructure quality.
Hoshigaoka stands out as the most upscale residential area, experiencing significant price increases and attracting affluent buyers seeking luxury living. The neighborhood offers quiet streets, high-end amenities, and excellent connectivity to central Nagoya.
Meieki, centered around Nagoya Station, shows the strongest rental yields at 4.12% while maintaining premium property values due to its position as the city's transportation and business hub. Properties here benefit from constant demand from both residents and business travelers.
Kakuozan has established itself as an exclusive area known for its serene luxury environment, attracting buyers willing to pay premium prices for tranquility combined with urban convenience. Sakae, the central entertainment and retail district, maintains consistently high demand and prices due to its vibrant lifestyle offerings.
Premium districts near major subway stations typically see prices 15-20% above the city average, with growth rates of 6-7% in 2024, outperforming the broader market.
Which areas are more affordable or up-and-coming for buyers?
Several Nagoya neighborhoods offer excellent value for money while showing strong potential for future appreciation.
Tempaku Ward provides the best combination of affordability and livability, featuring green spaces, family-friendly environments, and easy access to central Nagoya at significantly lower prices than premium districts.
Atsuta Ward has emerged as the fastest-growing area in 2025 with land prices up 8.4%, driven by ongoing redevelopment projects and improved transportation links that are transforming the neighborhood into a more desirable location.
Akaike and Tokushige, located at the end of subway lines, offer quiet, budget-friendly living with convenient city access. These areas have become particularly popular among families and first-time buyers seeking value without sacrificing connectivity.
These emerging neighborhoods typically offer properties 20-30% below central district prices while providing good growth prospects as urban development continues to expand outward from Nagoya's core.
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How do prices vary depending on the size and surface of the property?
Nagoya property prices show clear correlations with size, though the relationship isn't always linear due to location and building quality factors.
The average new apartment in Nagoya ranges from 65.6 to 95 square meters, with most buyers targeting 70-80 square meter units for optimal value and livability.
A 75 square meter new condominium in the city center would theoretically cost ¥27-37.5 million based on per-square-meter rates of ¥365,000-500,000. However, actual market prices for similar units typically range ¥40-60 million due to building premiums, land values, and developer profit margins.
Larger apartments (90+ square meters) in premium buildings command higher per-square-meter rates, often reaching ¥600,000-700,000 per square meter in the best locations. Smaller units (under 60 square meters) may see slightly higher per-square-meter prices due to land efficiency and higher demand from young professionals.
Detached houses follow different pricing dynamics, where larger lots and houses often provide better value per square meter compared to compact apartments, especially in suburban areas.
What is the total purchase cost including taxes, agent fees, and other charges?
Buying property in Nagoya involves several additional costs beyond the listed purchase price that buyers must factor into their budget.
| Cost Category | Amount/Rate | Notes |
|---|---|---|
| Real Estate Agent Fee | Up to 3% + ¥60,000 | Negotiable, paid to buyer's agent |
| Stamp Duty | ¥10,000 (¥10-50M properties) | Higher brackets for expensive properties |
| Acquisition Tax | ~1.5% of property value | One-time payment to local government |
| Registration Fees | 0.4-2% of property value | Legal transfer and mortgage registration |
| Annual Fixed Asset Tax | 1.4% of assessed value | Ongoing annual obligation |
| City Planning Tax | 0.3% of assessed value | Additional annual tax |
| Total Upfront Costs | 5-8% of purchase price | Excludes ongoing annual taxes |
How does the average mortgage payment look for a typical property here?
Nagoya mortgage markets offer competitive rates for qualified borrowers, making property ownership accessible for middle-class households.
As of mid-2025, mortgage interest rates for domestic buyers average 1.6-2.1%, significantly lower than many international markets and supporting affordability for residents.
For a typical ¥40 million property loan over 35 years at 1.6% interest, monthly payments would be approximately ¥117,000. Japanese lenders generally require monthly housing payments to remain below 25% of gross household income.
To qualify for a ¥40 million mortgage, buyers typically need annual household income of at least ¥5.5 million, along with stable employment history and minimal existing debt obligations.
These payment levels make Nagoya property ownership achievable for many working professionals, particularly when compared to Tokyo where similar properties would require much higher incomes and monthly payments.
Can you give example purchase prices for common property types?
Current market conditions in Nagoya show consistent pricing patterns across different property categories that buyers can use for planning purposes.
A new 70 square meter apartment in Nagoya's city center typically costs ¥40-60 million, representing excellent value compared to Tokyo where similar properties exceed ¥80-100 million.
Average suburban three-bedroom detached houses range from ¥25-40 million depending on location and proximity to central Nagoya, with homes closer to subway stations commanding premium prices within this range.
Luxury condominium units of 100 square meters in prime central locations cost ¥150-200 million, targeting affluent buyers seeking premium amenities and prestigious addresses.
These examples demonstrate Nagoya's position as a value-oriented market where buyers can access quality housing at reasonable prices while benefiting from steady appreciation potential and strong rental demand.
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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.
What are the smartest choices today if you want to live in Nagoya yourself?
Choosing the right Nagoya neighborhood depends on your lifestyle priorities, family situation, and budget considerations.
1. **For families with children**: Meito and Tempaku Wards offer the best combination of good schools, parks, family-friendly amenities, and reasonable prices2. **For urban lifestyle enthusiasts**: Sakae, Meieki, or Hoshigaoka provide luxury living with convenient access to entertainment, dining, and business districts3. **For first-time or budget-conscious buyers**: Atsuta, Tokushige, and other subway line neighborhoods offer excellent value with strong future appreciation potential4. **For eco-conscious residents**: Newer developments with modern amenities and energy-efficient features command higher resale values and align with contemporary living trends5. **For commuters**: Properties within walking distance of subway stations provide the best long-term value and daily convenienceWhat are the best options if you want to rent out short term, long term, or resell later at a higher price?
Nagoya's investment property market offers different opportunities depending on your investment strategy and timeline.
Short-term rental properties perform best in Sakae and Meieki areas, which serve as tourist and business hubs with consistent demand from visitors and business travelers seeking convenient, well-connected accommodations.
Long-term rental investments show strongest performance near transport hubs, Meito Ward, and Meieki, generating rental yields of 3.5-4.1% annually with stable tenant demand from working professionals and families.
For resale appreciation, central districts, rapidly growing Atsuta Ward, and areas near new subway or transport developments offer the best prospects for capital gains over medium to long-term holding periods.
Currently, 15% of recent property purchases in Nagoya are investment and rental properties, indicating healthy investor confidence in the market's rental and appreciation potential.
Properties near planned infrastructure improvements or urban redevelopment projects typically provide the strongest resale prospects as development completion drives increased demand and values.
How have property prices in Nagoya changed compared with 1 year ago and 5 years ago?
Nagoya's property market has experienced accelerating growth over recent years, with particularly strong performance since 2022.
Over the past year (2024-2025), Nagoya property prices have increased 3-5% citywide, with top-performing wards like Atsuta seeing gains of 7-8% as redevelopment and infrastructure improvements drive demand.
Looking back five years, central Nagoya properties have appreciated 15-20% total, with growth accelerating significantly from under 1% annually before 2022 to 2-4% annually in recent years as the market gained momentum.
Rental prices in Nagoya's city core have increased 9% over the past five years, reflecting strong tenant demand and limited supply of quality rental properties in prime locations.
This growth trajectory shows Nagoya transitioning from a stagnant market to one with healthy, sustainable appreciation driven by urban development, infrastructure investment, and population migration to the metropolitan area.
What are the forecasts for prices in 1, 5, and 10 years, and how do they compare with other big Japanese cities?
Nagoya's property market outlook shows continued steady growth potential, though at more moderate rates than Tokyo or Osaka.
Over the next 1-5 years, analysts anticipate citywide growth of 2-4% annually, with central areas and transport hubs expected to outperform suburban locations due to ongoing urbanization trends and infrastructure development.
The 10+ year outlook for central Nagoya appears stable to positive, supported by urban migration and continued economic development, though demographic challenges may limit growth in peripheral areas as Japan's population ages.
Compared to Tokyo, which has seen 10%+ annual increases recently, Nagoya represents a moderate-growth, lower-risk market that offers better affordability while still providing solid returns for both residents and investors.
Osaka shows similar growth patterns to Nagoya but with higher price volatility, making Nagoya an attractive middle-ground option for buyers seeking exposure to Japanese property markets without Tokyo's premium pricing or extreme competition.
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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 offers exceptional value in Japan's property market, combining affordability with steady growth potential.
With central properties 30-40% below Tokyo prices and healthy 3-7% annual appreciation, the city presents compelling opportunities for both residents and investors seeking quality urban living at reasonable costs.