What is the average property price in Osaka?

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BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Osaka. If you'd like to learn more about us, you can check our presentation page.

What's the current average property price in Osaka?

As of September 2025, new condominiums in Osaka average ¥55-57 million ($390,000-$410,000).

Existing condominiums cost significantly less at ¥477,000 per square meter, making a typical 70m² apartment around ¥33.4 million. New apartments command premium prices at ¥875,000 per square meter due to modern amenities and construction standards.

Detached houses offer a different value proposition, averaging ¥24.33 million ($161,561) total. These properties typically include more land but may be located further from central business districts. The Osaka residential market has experienced steady growth, with condo prices rising 9.4% in the past year alone.

Luxury properties in prime locations like Umeda, Dojima, and Osaka Business Park command significantly higher prices, often exceeding ¥1.2 million per square meter. These premium developments target affluent buyers seeking high-end finishes and prime locations.

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How do prices differ between apartments, houses, and luxury properties?

New apartments cost 20-40% more than existing condominiums, reflecting modern construction standards and amenities.

A breakdown shows new condos at ¥875,000/m² versus existing units at ¥477,000/m². Detached houses average ¥24.33 million total but offer more space and privacy. The price per square meter for houses varies significantly based on land value and location.

Luxury properties represent the premium segment, commanding 2-3 times the price of standard central ward properties. High-end developments in Umeda can reach ¥120+ million for 100m² penthouses. These properties feature premium materials, concierge services, and prime locations.

The gap between new and existing properties reflects Japan's preference for newer construction. Existing properties offer better value for budget-conscious buyers, while new developments attract those prioritizing modern amenities and earthquake resistance standards.

Which neighborhoods are the most expensive, most affordable, and up-and-coming?

How much does price vary depending on size and surface area?

Property prices scale almost linearly with size, but smaller units command higher per-square-meter prices.

Studios of 25-30m² typically cost more per square meter than family units of 60-80m² due to fixed costs and higher demand. A 70m² new apartment at ¥55 million equals ¥785,000/m², while older or smaller units further from the center cost ¥400,000-¥450,000/m².

Family-sized units of 80-100m² offer better value per square meter but require larger total investments. Three-bedroom condos in central areas can exceed ¥70 million, while similar-sized units in outer wards cost ¥35-45 million.

The premium for central locations increases with property size, as larger units in prime areas target affluent buyers. Luxury properties show the most dramatic size premiums, with penthouses commanding exponentially higher prices per square meter.

What is the average total cost of purchase including fees and taxes?

Total purchase costs add 5-10% to the base property price through various fees and taxes.

Agent fees represent the largest single cost at 3% plus ¥60,000 plus tax. Registration tax ranges from 0.4-2% of the property value, while acquisition tax adds another 3-4% of assessed value. Stamp duty costs ¥10,000-¥60,000 depending on property value.

For new buildings, consumption tax of 10% applies to the building value (not land). Legal fees typically range ¥100,000-¥200,000 for property transfers. These upfront costs mean a ¥50 million property actually costs ¥52.5-55 million total.

Annual ownership costs include fixed asset tax at approximately 1.4% of assessed value and condominium maintenance fees of ¥15,000-¥30,000 per month. These ongoing expenses significantly impact long-term ownership costs and should factor into investment calculations.

What are typical mortgage options and monthly payments for buyers in Osaka?

Fixed-rate mortgages through the "Flat 35" program offer 21-35 year terms at maximum 3.69% rates as of March 2025.

Major banks provide 5-year fixed rates at 4.11%, while variable rates may offer lower initial costs but carry interest rate risk. Most lenders require 10-20% down payments, with foreign buyers often facing stricter requirements.

Monthly payments for a ¥50 million mortgage over 35 years range from ¥140,000-¥220,000 depending on interest rates and down payment size. A 20% down payment on a ¥50 million property means borrowing ¥40 million, reducing monthly payments to ¥112,000-¥176,000.

Loan approval depends on income verification, employment stability, and debt-to-income ratios. Foreign residents need permanent residency or spouse visas for most favorable terms, though some banks offer loans to temporary residents with higher rates and larger down payments.

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How have prices changed over the past 5 years and past year?

Osaka condo prices rose 9.4% in the past year (2024-2025), with the overall market gaining 4-8% annually since 2021.

The five-year trend shows consistent appreciation, driven by low interest rates, urban redevelopment, and preparation for Expo 2025. New apartment prices experienced slight moderation in early 2025 after a significant surge in 2024, suggesting market cooling from peak momentum.

Existing condos and northern/central area land values led recent growth, with Joto-ku showing exceptional 10.5% year-over-year increases. Kita-ku and Naniwa-ku also experienced strong growth at 10.2% and 9.7% respectively.

The market has outperformed inflation and most investment alternatives, making real estate an attractive store of value. Foreign investment and domestic urbanization continue supporting price appreciation, though growth rates may moderate as the market matures.

What are the forecasts for prices in the next 1, 5, and 10 years?

Property prices are projected to rise 5-8% in the next year, with hotspots in transit-linked and central wards leading growth.

Five-year forecasts suggest moderation to 3-5% annual increases as post-Expo momentum stabilizes. The medium-term outlook depends heavily on infrastructure development, economic cycles, and tourism recovery. Areas near new transit lines and redevelopment projects should outperform the broader market.

Ten-year projections remain positive, especially for properties near public transit, major redevelopment projects, and tourist zones around Osaka Castle and northern business districts. Demographic trends and continued urbanization support long-term appreciation.

Market volatility may increase as global economic conditions change and Japan's monetary policy evolves. Properties in prime locations with strong fundamentals offer the best protection against market downturns while capturing upside potential during growth periods.

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.

How does Osaka compare with other major cities in Japan and internationally?

Osaka properties cost 35-60% less than Tokyo, where new condominiums average ¥91.4 million compared to Osaka's ¥55-57 million.

Compared to Kyoto at approximately ¥60 million for new condos, Osaka offers slight savings with similar amenities and urban benefits. Fukuoka shows comparable pricing to Osaka, making both cities attractive alternatives to Tokyo's premium market.

Rental yields favor Osaka at 4-4.5% compared to Tokyo's 3-4.2%, providing better cash flow for investors. This yield advantage reflects lower purchase prices relative to rental income potential in Japan's second-largest metropolitan area.

Internationally, Osaka sits in the middle tier—more affordable than London, New York, Sydney, or Shanghai but more expensive than many Southeast Asian cities. The combination of developed infrastructure, stable legal system, and moderate pricing makes Osaka attractive for international investors.

What are good examples of recent purchase prices for different property types?

1. Central ward 65m² new condo: ¥56 million in prime Kita-ku location
2. Older 2-bedroom in Hirano: ¥30-35 million for 60m² existing unit
3. Modern house in outer area: ¥28-32 million for 100m² with small garden
4. Luxury penthouse in Umeda: ¥120+ million for 100m² with premium finishes
5. Investment building in Konohana-ku: ¥78.5 million for 120m² yielding 16%
6. Studio apartment near university: ¥18-22 million for 25m² targeting students
7. Family condo in Sumiyoshi: ¥38-42 million for 75m² three-bedroom
8. Renovation project in Nippombashi: ¥25 million for 50m² requiring updates

What are the smartest choices for living, short-term rental, long-term rental, or resale?

For primary residence, central wards like Kita, Chuo, and Tennoji offer convenience and lifestyle benefits despite higher costs.

Short-term rental opportunities concentrate in tourist areas like Namba, Shinsaibashi, and Bay Area, where occupancy rates remain high but regulations require careful compliance. These locations provide the highest potential yields but face the most regulatory oversight.

Long-term rental investments perform best in university areas and commuter neighborhoods in outer wards, offering stability and good yields for family units. Areas with strong public transport links to central business districts maintain consistent rental demand.

For resale appreciation, properties near transit improvements, redevelopment zones, and tourist attractions offer the best prospects. Umeda, Osaka Castle area, Minoh New Line developments, and Yumeshima (future IR site) represent prime appreciation opportunities.

It's something we develop in our Japan property pack.

What are the best-value opportunities for different budgets?

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.

Sources

1. Osaka Price Forecasts - BambooRoutes
2. Apartment Prices Japan - BambooRoutes
3. Average House Prices Japan - BambooRoutes
4. Real Estate Asia - Osaka Market
5. Best Neighborhoods Osaka - BambooRoutes
6. Real Estate Japan - Purchase Costs
7. Statista - Japan Mortgage Rates
8. Tokyo Portfolio - Market Trends
9. Real Estate Japan - Osaka Listings
10. Osaka Property Investment - BambooRoutes