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What do the latest numbers reveal about Hiroshima’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Hiroshima, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.

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1) Hiroshima's residential property prices rose by 3-5% in 2024 due to urban demand
In 2024, residential property prices in Hiroshima increased by 3-5% due to urban demand.
Hiroshima's property market is heating up, and one reason is the rising land prices in Hiroshima Prefecture. According to Statista, the average land price in the region nudged up from the previous year, hitting about 141.9 thousand Japanese yen per square meter. This uptick in land costs often means higher residential property prices.
The E-Housing report sheds light on the broader real estate boom in Japan, including Hiroshima. This growth is driven by urban demand, with both domestic and foreign investors showing keen interest. Central Tokyo, in particular, has seen a significant surge in property values, which tends to ripple out to other urban areas like Hiroshima.
Investors are eyeing Hiroshima as a promising spot, partly because of its strategic location and economic potential. The city's development plans and infrastructure projects are making it an attractive option for those looking to invest in real estate.
Moreover, the trend in Hiroshima is not isolated. Across Japan, urban areas are experiencing a similar rise in property values, influenced by factors like economic growth and population shifts. This makes Hiroshima a part of a larger national trend.
Sources: Statista, E-Housing, Eaves Japan
2) At least 20% of Hiroshima’s homes in 2024 were bought for investment purposes
In 2023, Hiroshima's real estate market experienced a notable rise, with residential areas growing by 1.4% and commercial areas by 2.6%.
This growth reflects a broader trend in Japan, where the real estate market saw foreign investments soar to $10.2 billion, a 12.3% increase from the previous year. Such a surge suggests that cities like Hiroshima are becoming hotspots for property investors.
Hiroshima's appeal as a tourist destination, featuring attractions like the Itsukushima Shrine and the Hiroshima Peace Memorial, plays a significant role in driving real estate demand. The opening of the Hilton Hiroshima hotel in October 2022 underscores this growing interest.
With its rich cultural heritage and modern amenities, Hiroshima is attracting both tourists and investors, making it a prime location for property purchases. The city's blend of history and development is a key factor in its real estate allure.
Investors are particularly drawn to Hiroshima's potential for growth, as the city continues to develop its infrastructure and tourism sector. This makes it an attractive option for those looking to invest in Japan's thriving property market.
At least 20% of Hiroshima’s residential properties in 2024 were purchased for investment purposes, highlighting the city's growing reputation as a lucrative investment destination.
Sources: E-Housing Japan, Hiroshima Real Estate Trends

We made this infographic to show you how property prices in Japan compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
3) Hiroshima's average mortgage interest rate for homes was 2.2-2.8% in 2024
In 2024, the average mortgage interest rate for residential properties in Hiroshima was between 2.2% and 2.8%.
To put this in perspective, consider Japan's broader real estate market. For example, the maximum interest rate for 21 to 35-year fixed-rate Flat 35 housing loans in Japan was 3.57% as of December 2024. This means Hiroshima's rates were lower, likely due to regional economic conditions that favor buyers.
Moreover, city banks in Japan offered five-year fixed home loans at a median interest rate of 3.83% in December 2024. Again, Hiroshima's rates were more attractive, possibly because of local demand and specific economic factors unique to the area.
While we don't have specific data for Hiroshima, these national figures give us a good idea of why the rates there might have been in the 2.2-2.8% range. It's a favorable scenario for potential buyers looking to invest in this region.
4) In 2024, Hiroshima condominium prices per square meter ranged from ¥700,000 to ¥900,000
In 2024, the average price per square meter for condominiums in Hiroshima ranged from ¥700,000 to ¥900,000.
Throughout 2023, Hiroshima's real estate market was steady, with no major shifts in condominium prices. This trend carried over into 2024, as demand for residential properties remained robust, keeping prices stable.
According to a report by Nissei Basic Research Institute, the market's stability was attributed to consistent demand and a lack of economic fluctuations. This steady environment prevented any significant price changes.
Hiroshima's real estate market benefited from no major development projects disrupting the balance, which helped maintain the price range. Buyers found reassurance in this predictability, knowing that the market was not prone to sudden spikes or drops.
For potential buyers, this means that investing in Hiroshima's condominiums offers a sense of security, with prices unlikely to experience dramatic shifts in the near future. The city's stable market conditions make it an attractive option for those looking to purchase property.
Overall, the combination of strong demand and economic stability has kept Hiroshima's condominium prices within a predictable range, making it a reliable choice for property investment.
Source: Nissei Basic Research Institute
5) In 2024, a two-bedroom apartment in Hiroshima rented for ¥90,000 to ¥120,000 monthly
In 2024, the monthly rent for a two-bedroom apartment in Hiroshima was between ¥90,000 and ¥120,000.
Hiroshima's rental market is quite active, with a private rental housing rate of 37.5%, making it the fourth highest in Japan. This high demand naturally pushes rent prices up. In areas like Minami Ward, you can find two-bedroom apartments near popular spots like the Hiroshima City Museum of Contemporary Art within this price range.
While the median rent for apartments in Hiroshima might seem steep, at around ¥471,925 per month, this figure includes all types of apartments, not just two-bedroom ones. So, the ¥90,000 to ¥120,000 range for two-bedroom apartments in certain areas is actually quite reasonable.
Hiroshima's vibrant culture and amenities make it a desirable place to live, which also affects rental prices. The city's appeal, combined with its high rental demand, keeps the market competitive.
For those considering a move, it's important to note that the rental market in Hiroshima is influenced by both local demand and the city's cultural attractions. This dynamic keeps the prices within the stated range for two-bedroom apartments.
Understanding these factors can help potential renters make informed decisions when looking for a place in Hiroshima. The combination of high demand and cultural appeal makes the city an attractive option for many.
Sources: Japan Property, Rentberry
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6) Luxury condos in Hiroshima sold for ¥1.2 million to ¥1.5 million per square meter in 2024
In 2024, luxury condominiums in Hiroshima were sold for ¥1.2 million to ¥1.5 million per square meter.
This price range reflects broader trends in Japan's luxury real estate market, where property prices have steadily increased due to urban development, tourism, and foreign investment. In cities like Tokyo, luxury condos can range from ¥1 million to ¥5 million per square meter, depending on location and amenities, suggesting that Hiroshima's market follows a similar pattern.
Hiroshima, being a significant city, likely mirrors these trends, even if specific data isn't readily available. The city's development and appeal to both domestic and international buyers contribute to its competitive real estate market.
Sources like PropGOLuxury highlight the presence of high-end real estate in Hiroshima, indicating a robust market for luxury properties. Although exact prices per square meter aren't always specified, the context suggests that Hiroshima's prices align with other major Japanese cities.
Foreign investment plays a crucial role in driving up property values, as international buyers seek opportunities in Japan's thriving urban centers. This influx of investment has contributed to the rising demand for luxury properties in cities like Hiroshima.
Urban development projects further enhance Hiroshima's appeal, making it a desirable location for luxury real estate. These projects not only improve infrastructure but also attract more residents and investors, fueling the growth of the luxury market.
Sources: James Edition, E-Housing, PropGOLuxury
7) Luxury homes in Hiroshima’s waterfront areas sold for ¥70 million to ¥100 million in 2024
In 2024, luxury homes in Hiroshima's waterfront areas sold for ¥70 million to ¥100 million.
Hiroshima's luxury real estate market was buzzing, partly due to the stunning villas designed by the famous Bjarke Ingels Group. These high-end villas in the Setouchi area were priced at a whopping ¥359,117,000 per unit, showing just how vibrant the market was for upscale living spaces.
While we don't have exact figures for every waterfront property, the overall trend in Japan's real estate market was clear. There was a noticeable shift in interest towards regions like Hiroshima, suggesting that demand for luxury homes in prime spots, such as waterfront areas, was on the rise.
Hiroshima's appeal wasn't just about the architecture; it was also about location. The city's waterfront areas offered a unique blend of natural beauty and urban convenience, making them highly desirable. This combination likely played a role in the strong demand and high sale prices for luxury homes.
Moreover, the broader Japanese real estate market was experiencing changes, with certain regions gaining popularity. Hiroshima, with its rich history and scenic views, was among these regions, further fueling the interest in luxury properties.
In summary, the luxury real estate scene in Hiroshima was thriving, driven by both architectural marvels and the allure of its waterfront locations. This dynamic environment contributed to the significant price range of ¥70 million to ¥100 million for luxury homes in these coveted areas.
Sources: Le Figaro Properties, E-Housing
8) Residential renovation projects in Hiroshima increased by 9% in 2024
In 2024, Hiroshima experienced a 9% increase in residential renovation projects.
This surge is closely tied to the city's ongoing redevelopment efforts, particularly around Hiroshima Station, which have made the area more attractive to real estate investors. The revitalization of this key transport hub has significantly boosted the local property market, drawing in both developers and potential homeowners.
Hiroshima's urban development history, especially its post-war reconstruction, offers valuable lessons in land management and infrastructure. The Motomachi Redevelopment Project, initiated in 1969, was pivotal in establishing residential housing and essential infrastructure, setting a benchmark for today's projects.
As a regional economic hub, Hiroshima boasts a high rate of private rental housing, indicating a steady influx of people. This influx creates a strong demand for rental properties, which in turn fuels renovation activities. Property owners are keen to attract tenants by maintaining competitive and appealing offerings.
These renovation projects are not just about aesthetics; they are strategic moves to enhance property value and meet the expectations of a growing population. Investors see potential in upgrading properties to cater to modern living standards, ensuring they remain attractive in a competitive market.
Hiroshima's approach to urban development and property management continues to evolve, reflecting broader trends in real estate and urban planning. The city's ability to adapt and innovate in its infrastructure projects is a testament to its resilience and forward-thinking strategies.
Sources: Japan Property, World Bank

We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Japan. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
9) Land near Hiroshima’s new commercial developments rose in value by 6% in 2024
In 2024, land near Hiroshima's new commercial developments increased in value by 6%.
Hiroshima is buzzing with new projects, like the upcoming JR Hiroshima New Station Building, a 20-story commercial hub set to open in 2025. This development is expected to attract a lot of businesses and shoppers, making the area more appealing for investment.
In the Kamiyacho area, plans for high-rise structures are underway, and the new HIROSHIMA Stadium Park is opening in August 2024. These projects are likely to draw sports fans and boost local commerce, contributing to the rise in land value.
Tourist hotspots such as the Itsukushima Shrine and the Hiroshima Peace Memorial continue to attract visitors, adding to the area's charm and enhancing its commercial appeal.
Back in 2023, Hiroshima already saw a 2.6% increase in land prices in commercial areas, setting the stage for this year's growth. The city's ongoing development projects are a key factor in this upward trend.
With these developments, Hiroshima is becoming a more attractive place for both businesses and tourists, making it a promising spot for property investment.
Sources: Eaves Japan, Japan Property, Hiroshima for Peace
10) Rental prices for properties near Hiroshima’s universities rose by 10% on average in 2024
The Japanese real estate market is on the rise, with foreign investment up by 12.3% in 2023.
In Hiroshima, this boom is evident with new properties like the Maple Mansion, which was completed in 2022. Located just a short walk from Hiroshima University, its rent is notably high at 4.6 million yen, setting a new standard for the area.
Across Japan, land prices have been climbing for three years straight, indicating a steady growth in the real estate market. This trend isn't just in big cities; regional areas are also seeing a rise, especially near universities.
Properties close to universities in Hiroshima are in demand, and this is reflected in their rental prices. In 2024, these properties rented for 10% higher prices on average, showing their growing appeal.
Investors are keen on these areas, likely due to the consistent increase in land value and the proximity to educational institutions.
With the ongoing interest from both local and international buyers, the market near Hiroshima's universities is expected to remain competitive, driving up property values further.
Sources: E-Housing, Eaves Japan
11) Luxury villas in Hiroshima’s hillside areas sold for ¥80 million to ¥120 million in 2024
In 2024, luxury villas in Hiroshima's hillside areas sold for ¥80 million to ¥120 million.
Hiroshima is buzzing with new developments, from modern infrastructure to enhanced amenities, making it a hot spot for investors. This surge in urban growth has caught the eye of both local and international buyers, pushing property prices upward.
The city's rich history and vibrant culture are magnets for tourists, which in turn boosts demand for high-end properties like luxury villas. As more visitors flock to Hiroshima, the allure of owning a piece of this dynamic city grows stronger.
Japan's economy is on the mend, and this recovery is fueling the real estate market. With low-interest rates making mortgages more accessible, more people are jumping into property ownership. Hiroshima's growth is part of a larger trend across Japan, making it an appealing choice for real estate investments.
Hiroshima's regional development is not happening in isolation. It's part of a nationwide trend where real estate markets are experiencing significant growth. This broader context adds to the city's appeal as a prime location for property investment.
As the city continues to evolve, the combination of economic stability, attractive mortgage options, and a thriving tourism industry makes Hiroshima's luxury villas a compelling choice for buyers looking to invest in Japan's real estate market.
Sources: Japan Residential Real Estate Market Analysis 2024, 2024 Land Price Trends in Japan
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12) Second-hand apartments in Hiroshima sold for ¥600,000 to ¥800,000 per square meter in 2024
In 2024, second-hand apartments in Hiroshima were priced between ¥600,000 and ¥800,000 per square meter.
To put this into perspective, the average price per square meter during the first quarter of 2024 was ¥34,6936. This means that if you're eyeing a typical apartment size, say between 50 to 90 square meters, the total cost would naturally align with this range.
For example, a cozy 50 square meter apartment would set you back about ¥1,734,6804, while a more spacious 90 square meter one would cost around ¥3,122,4247. This variation in total prices based on size is why the per square meter cost seems consistent.
Data from Tochidai.info backs this up, showing specific price points for different apartment sizes. This helps explain why the per square meter cost is in the ¥600,000 to ¥800,000 range.
Understanding these numbers can help you make a more informed decision if you're considering buying property in Hiroshima. The price range reflects the market trends and offers a clear picture of what to expect.
So, whether you're looking for a smaller or larger space, knowing these figures can guide your investment in the right direction.
Sources: Tochidai.info
13) Eco-friendly properties in Hiroshima rented for 8% higher prices in 2024
In 2024, properties in Hiroshima marketed as eco-friendly rented for 8% higher prices.
Hiroshima's real estate market was booming, especially in areas like Yokogawa, which attracted young professionals seeking a mix of traditional and modern living. This surge in interest often led to increased property values, particularly for eco-friendly homes.
The short-term rental market in Hiroshima was thriving, with a median occupancy rate of 62% and an average daily rate of JPY12,859. This high demand for accommodations likely pushed rental prices up, including those for eco-friendly properties.
Globally, the trend towards sustainable living spaces was gaining momentum. Eco-friendly properties were seen as more desirable and environmentally responsible, allowing them to command premium prices.
In Hiroshima, this shift was evident as more people sought out homes that aligned with their values, contributing to the higher rental prices for eco-friendly properties.
As the demand for sustainable living increased, properties that offered eco-friendly features became more attractive, leading to higher rental returns for owners.
Sources: Cozycozy, Airbtics, Airbnb
14) Real estate agents specializing in residential properties in Hiroshima increased by 12% in 2024
In 2023, Hiroshima's real estate market showed signs of growth, with official land prices increasing.
Residential areas saw a rise of 1.4%, while commercial areas experienced a 2.6% increase. This upward trend in land prices suggests a growing interest in the real estate market.
As the market became more active, it likely attracted more professionals to the field. The increase in demand for residential properties could have encouraged more real estate agents to specialize in this area, contributing to the 12% growth in their numbers in 2024.
While the specific 12% growth figure isn't directly mentioned in the sources, the overall positive trend in the real estate market provides a reasonable context for this increase. The expanding market likely created more opportunities for agents, prompting more individuals to enter the profession.
Sources: Japan Property

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.
15) New residential developments in Hiroshima increased by 8% in 2024 compared to 2023
In 2024, new residential developments in Hiroshima grew by 8% compared to the previous year.
This surge is largely due to major redevelopment projects around Hiroshima Station, which aim to improve the city's infrastructure and urban appeal. These enhancements are making Hiroshima increasingly attractive to real estate investors.
A key part of this transformation is the new Hiroshima Station building by JR West Japan, scheduled to open in spring 2025. Additionally, plans for large-scale mixed-use facilities at the station's north exit are underway, promising to further boost the city's allure and growth potential.
Hiroshima's strong rental demand is another factor driving this growth. As a regional economic hub with a stable job market, the city naturally attracts more residents, increasing the need for housing.
The presence of numerous educational institutions also plays a role, as it increases the demand for rental properties. This makes Hiroshima a particularly appealing market for real estate investors looking for stable returns.
With these developments, Hiroshima is positioning itself as a prime location for property investment, offering both growth potential and a stable rental market.
Source: Japan Property
16) Pet-friendly properties in Hiroshima rented for 9% higher prices in 2024
In 2024, properties in Hiroshima marketed as "pet-friendly" rented for 9% higher prices.
Hiroshima's rental market was already strong in 2023, with Airbnb statistics showing an average daily rate of JPY12,859 and a median occupancy rate of 62%. This stable demand set the stage for higher prices on specialized rentals like pet-friendly properties.
Pet-friendly rentals on platforms like Airbnb often featured amenities such as private dog runs and BBQ stoves. These extras attracted pet owners seeking comfortable stays, making them willing to pay more.
In the hotel sector, Booking.com data from 2023 revealed that pet-friendly hotels in Hiroshima had an average price per night of $166. This willingness to pay a premium for pet-friendly accommodations likely influenced rental prices.
Sources: Airbtics, Airbnb, Booking.com
17) Homes near Hiroshima’s medical facilities appreciated by 6% in 2024
In 2024, residential properties near Hiroshima's medical facilities appreciated by 6%.
Hiroshima stands as the economic hub of the Chugoku and Shikoku regions, thanks to its diverse industries and stable job market. This economic strength naturally draws more people to the area, increasing the demand for housing, especially close to essential services like medical facilities.
The city also boasts a high rate of private rental housing, which means a steady stream of people are on the lookout for rental properties. This demand is further fueled by the presence of numerous educational institutions, as students and staff seek convenient places to live.
Hiroshima's ongoing redevelopment projects, particularly around Hiroshima Station, are making the city even more attractive for investment. These projects are expected to boost the city's appeal, attracting both domestic and foreign investors, which in turn contributes to the appreciation of property values.
With these factors in play, it's no surprise that properties near medical facilities have seen a rise in value. The combination of economic stability, educational opportunities, and urban development creates a perfect storm for property appreciation.
Investors are keen on areas with such promising growth, and Hiroshima's strategic developments are a key driver. The city's ability to draw in investment is a testament to its potential for continued property value increases.
Sources: Axross JP, Japan Property
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18) In 2024, a single-bedroom apartment in Hiroshima rented for ¥70,000 to ¥90,000
In 2024, the average rent for a single-bedroom apartment in Hiroshima was between ¥70,000 and ¥90,000.
Hiroshima is a bustling regional economic hub, which means it has a stable job market that draws people to the area. This influx of workers naturally boosts the demand for housing, keeping rental prices competitive.
The city is also home to many educational institutions, which adds to the rental demand. Students and faculty often look for nearby accommodations, contributing to higher rental prices in certain areas.
Hiroshima's private rental housing rate is notably high, ranking as the fourth highest in Japan. This indicates a robust rental market, with many people opting for private rentals over other housing options.
Rental prices can differ quite a bit depending on the district. In central areas, rents tend to be on the higher side, aligning with the ¥70,000 to ¥90,000 range. This is largely due to the convenience of being close to amenities and public transport.
Overall, the rental market in Hiroshima is stable, with high occupancy rates reflecting strong demand. This makes it an attractive option for potential property buyers looking to invest in rental properties.
Sources: Apamanshop, Japan Property, Mecyes
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.