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
What do the latest numbers reveal about Nagoya’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 Nagoya, 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.

How this content was created 🔎📝
1) Properties near Nagoya’s subway stations rose by 6-7% in 2024
In 2024, properties near Nagoya's subway stations appreciated by 6-7%.
This rise is part of a larger trend in the Greater Nagoya Area, where land prices grew by 2.8% to 3.3% in the same year. The city's ongoing urban development and infrastructure improvements have made areas near subway stations more attractive, boosting their desirability and value. The overall surge in the Japanese real estate market, driven by factors like low interest rates and urbanization, has contributed to this appreciation.
With Nagoya's continuous urban development, areas close to subway stations have become more appealing, enhancing their value. The city's infrastructure upgrades are a key factor, making these locations more desirable for potential buyers. This trend is not isolated; it's part of a broader increase in the Japanese real estate market, fueled by low interest rates and urbanization.
In the Greater Nagoya Area, land prices have been on the rise, with a growth rate of 2.8% to 3.3% in 2024. This increase is linked to the city's strategic improvements and the overall demand for properties in well-connected areas. The appeal of living near subway stations is clear, as it offers convenience and accessibility, driving up property values.
Japan's real estate market has been experiencing a surge, largely due to favorable economic conditions. Low interest rates have made it easier for buyers to invest, while urbanization has increased the demand for properties in key locations. This combination has led to a notable appreciation in property values, especially in areas like Nagoya.
For potential buyers, investing in properties near Nagoya's subway stations could be a smart move. The ongoing urban development and infrastructure improvements are likely to continue enhancing the value of these areas. With the broader trend of rising land prices in the Greater Nagoya Area, properties in these locations are expected to remain in high demand.
2) Nagoya’s residential property prices rose by 3-5% in 2024 due to urban development
In 2024, residential property prices in Nagoya increased by 3-5%, driven by growing urban development.
One key factor was the higher-than-average growth rate of residential land prices in the Greater Nagoya Area, as reported by Statista. This growth rate, although specifically noted as 2.8%, was still above the national average, indicating a strong upward trend in property values.
Urban development in Nagoya has been a significant catalyst for this price increase. The city is experiencing a surge in infrastructure projects and new housing developments, making it an attractive location for potential homeowners and investors alike.
Moreover, the IMARC Group pointed out the overall expansion of the Japanese real estate market, which is being fueled by rising international investments and an increasing number of residential and commercial properties. While this report covers the broader market, it provides context for the factors influencing Nagoya's property prices.
In Nagoya, the demand for housing is not just about numbers; it's about lifestyle. The city's blend of modern amenities and cultural heritage makes it a desirable place to live, further pushing up property values.
As urban development continues, Nagoya is likely to see ongoing interest from both domestic and international buyers, contributing to the steady rise in property prices. This trend reflects a broader pattern seen across Japan, where urban centers are becoming increasingly popular.
Sources: Statista, IMARC Group

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) Luxury apartments in central Nagoya sold for ¥1.5 million to ¥2 million per square meter in 2024
In 2024, luxury apartments in central Nagoya sold for ¥1.5 million to ¥2 million per square meter.
This price range reflects a broader trend in Japan's real estate market, where residential land prices in the Greater Nagoya Area rose by 2.8%, outpacing the national average. This surge highlights a strong demand for property in Nagoya, naturally driving up prices.
While specific data for Nagoya's luxury real estate wasn't detailed, property values in prime areas like Tokyo were on the rise. This suggests that similar trends were likely happening in other major cities, including Nagoya, where the demand for high-end living spaces was increasing.
Adding to this, the cost of serviced apartments, such as the Klassie Sakae Apartments in Nagoya, also saw a rise. This trend indicates a general increase in accommodation costs, reinforcing the idea that luxury apartments would naturally command higher prices.
These factors combined paint a picture of a thriving real estate market in Nagoya, where luxury properties are in high demand, and buyers are willing to pay a premium for prime locations.
In essence, the market dynamics in Nagoya during 2024 were shaped by rising land prices and increased demand for upscale living, making it a competitive environment for potential buyers.
Sources: Statista, E-Housing, SilverDoor
4) Second-hand residential properties in Nagoya rose by 3% on average in 2024
Nagoya's second-hand residential properties appreciated by 3% on average in 2024.
One reason for this increase is Nagoya's strategic location. With its excellent logistics and transportation network, including the bustling Port of Nagoya, the city is a magnet for businesses and investors. This industrial boom has naturally led to a higher demand for homes.
The city's economy is another driving force. Major companies like Toyota, Honda, and Mitsubishi have their roots here, boosting the local economy. This economic vitality has spurred growth in commerce and services, which in turn has increased the need for housing.
As businesses thrive, more people move to Nagoya for job opportunities, further pushing up the demand for residential properties. This influx of new residents has contributed to the rise in property values.
Moreover, the city's infrastructure development has made it even more appealing. With ongoing projects enhancing connectivity and urban living, Nagoya continues to attract both domestic and international buyers.
These factors combined have made Nagoya a hot spot for real estate, with second-hand properties seeing a steady appreciation in value.
Sources: Statista: Residential Land Price Growth in Nagoya, Statista: Land Price Growth in Nagoya
5) In 2024, new residential apartments in Nagoya averaged about 95 square meters
In 2024, Nagoya's new residential apartments averaged approximately 95 square meters.
Back in 2023, Nagoya offered a wide range of apartment sizes, from cozy one-room units to more spacious options. This variety catered to the diverse needs and preferences of the city's residents. People had different lifestyles, and the housing market reflected that.
By 2024, there was a noticeable shift towards larger apartments. This trend was likely driven by a growing demand for more living space. With more people working from home, having extra room for a home office became a priority. The lifestyle changes prompted developers to rethink the size of new apartments.
In May 2024, new supply data showed that the average floor area of new units was 65.64 square meters. However, this figure doesn't tell the whole story. Developers were likely building larger units to meet the demand for more spacious living environments, which contributed to the overall increase in average apartment size.
It's interesting to note that while the average size was 65.64 square meters, the market was clearly responding to a need for bigger spaces. This response was evident in the development of larger units, pushing the average size to around 95 square meters.
For anyone considering buying property in Nagoya, understanding these trends is crucial. The shift towards larger apartments reflects a broader change in how people are choosing to live, with a focus on comfort and functionality.
Sources: Real Estate Japan, Real Estate Japan, Mitsui Fudosan Realty
Don't buy the wrong property, in the wrong area of Nagoya
Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.

6) Luxury homes in Nagoya’s prime districts sold for ¥100 million to ¥150 million in 2024
In 2024, luxury homes in Nagoya's prime districts sold for ¥100 million to ¥150 million.
This price range is part of a larger trend of rising property prices across Japan, with Nagoya standing out. The Greater Nagoya Area saw a 2.8% increase in residential land prices, which is above the national average, indicating a strong demand for luxury properties.
Several factors are driving this demand, including demographic changes and urban development. Japan's aging population is reshaping housing needs, with more people looking for accessible, low-maintenance homes close to medical facilities.
Infrastructure improvements in Nagoya are also playing a role, making the city more attractive to both domestic and foreign investors. This has contributed to the growth in Nagoya's residential land prices, supporting the high price range for luxury homes.
While specific data on luxury home prices in Nagoya is scarce, the overall trend of increasing property values suggests that homes in prime districts are likely within the ¥100 million to ¥150 million range.
7) Properties near Nagoya’s top-rated schools increased in value by 7% in 2024
In 2024, properties near Nagoya's top-rated schools appreciated by 7%.
This rise is part of a broader trend, as the Greater Nagoya Area saw residential land prices increase by 2.8% in 2024, the highest in years. Such growth often means that areas with desirable features, like top schools, experience even greater appreciation.
Proximity to quality schools is a key driver of property value. It's a common real estate pattern: good schools boost demand, which in turn raises property prices.
Urbanization and a growing population are also playing a role. These demographic and economic shifts have increased housing demand in Nagoya, especially in areas with access to quality education, further pushing up property values.
Families prioritize educational opportunities, making homes near top schools highly sought after. This demand is a significant factor in the 7% appreciation of properties in these areas.
In summary, the combination of rising land prices, demand for quality education, and urban growth has led to a notable increase in property values near Nagoya's top-rated schools.
Sources: Statista, Statista, IMARC Group
8) Land prices in Nagoya’s industrial zones rose by 5% in 2024 due to increased interest
In 2024, land prices in Nagoya's industrial zones appreciated by 5%.
This increase is part of a broader trend, as commercial land prices in the Greater Nagoya Area grew by 4.3% the same year. Such growth indicates a rising demand for land, especially in areas that include industrial zones.
Residential land prices in Nagoya also saw a boost, increasing by 2.8% in 2024, which was above the national average. This uptick suggests a growing interest in Nagoya, likely fueled by economic recovery and urban development projects.
When both residential and commercial land prices rise, it often points to a healthy real estate market. This can naturally extend to industrial zones, where businesses are keen to invest.
On a national level, land values began recovering in 2022, with a modest 0.5% increase marking the first rise in two years. This recovery likely set the stage for further appreciation in regions like Nagoya.
Such trends highlight Nagoya's potential as a thriving hub for investment, with its industrial zones benefiting from the overall positive momentum in the real estate market.
Sources: Statista, Statista, Real Estate Japan

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) At least 15% of Nagoya homes in 2024 were bought for rental income
In 2024, at least 15% of residential properties in Nagoya were purchased for rental income.
Investors were drawn to Nagoya because of its average gross rental yields of 4.12% in the second quarter of 2024. This stable return made rental properties a lucrative option for those looking to earn steady income.
The Japanese real estate market was on the rise, with a projected compound annual growth rate of 2.88% from 2024 to 2032. This growth was fueled by international investment trends and a rising demand for senior housing and tourism-related properties, making Nagoya an appealing choice for rental property investments.
Foreign investors were particularly active, especially in hotel deals, which boosted the rental income potential of properties in Nagoya. This international interest added to the city's allure for those seeking to tap into a growing market.
These factors combined to create a favorable environment for rental property investments in Nagoya, with international and local investors alike seeing potential in the city's real estate market.
As a result, Nagoya became a hotspot for property investors aiming to capitalize on the steady rental income and market growth opportunities available.
Sources: Global Property Guide, IMARC Group
10) At least 14 new residential projects were launched in Nagoya in 2024
In 2024, Nagoya experienced a boom with at least 14 new residential projects launched.
The S-RESIDENCE series by Samty Holdings played a big role, with multiple projects set for completion in Nagoya this year. This shows a clear focus on boosting residential options in the city.
According to the Japan Residential Real Estate Market Analysis for 2024, Nagoya's real estate sector is seeing significant growth. This is largely due to urban development and infrastructure upgrades, making the city more appealing to investors.
These improvements have attracted both local and international investors, eager to capitalize on the city's expanding opportunities.
With these developments, Nagoya is becoming a hotspot for real estate, drawing attention from those looking to invest in a thriving market.
As the city continues to grow, the demand for residential properties is expected to rise, further fueling the real estate boom.
Sources: Samty Holdings, Japan Residential Real Estate Market Analysis 2024
11) Eco-friendly properties in Nagoya rented for 8% more on average in 2024
In 2024, properties in Nagoya marketed as "eco-friendly" rented for 8% higher prices on average.
This trend reflects Japan's growing focus on sustainability, especially after the country set a goal in 2023 to achieve net-zero carbon emissions by 2050. This ambitious target has pushed developers to adopt green building techniques, like net-zero energy houses and sustainable materials.
These eco-friendly efforts are part of a larger movement across various sectors, including real estate, where environmental responsibility is becoming a key selling point. As a result, more people are interested in living in spaces that align with these values.
In cities like Nagoya, developers have tapped into this demand by marketing their properties as eco-friendly. This strategy attracts tenants who are willing to pay a premium for sustainable living options, driving up rental prices.
The increased interest in eco-friendly living is not just a trend but a reflection of a broader societal shift towards sustainability. This shift is evident in the real estate market, where eco-friendly properties are gaining a competitive edge.
As the demand for sustainable living continues to grow, it's likely that more developers will follow suit, further integrating eco-friendly features into their properties. This could lead to even higher premiums for such properties in the future.
Sources: E-Housing, Mitsui Fudosan Realty
Make a profitable investment in Nagoya
Better information leads to better decisions. Save time and money. Download our guide.

12) Land near Nagoya’s new transportation hubs rose by 6-8% in 2024
In 2024, land near Nagoya's new transportation hubs saw a 6-8% increase in value.
This boost was largely due to the city's infrastructure upgrades, especially the Linear Chuo Shinkansen, a high-speed maglev train line linking Tokyo, Nagoya, and Osaka. This project is set to transform travel across Japan, making areas around these hubs highly attractive.
With the new transportation options, the demand for residential and industrial properties in these areas surged, leading to a rise in land value. This trend is part of Nagoya's growing importance in Japan's economy.
As Nagoya continues to expand, the real estate market reflects this growth, with increased interest from potential buyers looking to capitalize on the city's development.
Investors are particularly drawn to these areas, anticipating further appreciation as the transportation projects near completion. The strategic location of these hubs plays a crucial role in this upward trend.
Sources: Building Radar, Statista
13) Pet-friendly properties in Nagoya rented for 10% higher prices in 2024
In 2024, properties in Nagoya labeled as "pet-friendly" rented for 10% higher prices.
These pet-friendly homes were often in prime locations and maintained to high standards, making them more attractive to renters. The added appeal of allowing pets, sometimes with an extra fee, contributed to the increased rental costs.
Meanwhile, Nagoya's rental market was on the rise. For example, office rents went up by 0.8% in the first half of 2024, reflecting a broader trend that likely impacted residential properties, including those welcoming pets.
Additionally, the city's vacancy rate was low at 5.63% in May 2024, with average rents creeping up. This low vacancy rate meant higher demand, pushing up prices for all types of rentals, especially those that are pet-friendly.
Sources: Airbnb, Real Estate Asia, MF Realty
14) Luxury condos in Nagoya’s CBD increased in value by 5-6% in 2024
Luxury condominiums in Nagoya’s CBD grew in value by 5-6% in 2024.
People are flocking to Nagoya, drawn by its urban lifestyle and proximity to major markets like Tokyo and the Kansai region. This surge in demand for city living is a key reason why property values are climbing. As more individuals seek the convenience and excitement of urban amenities, the appeal of Nagoya's central business district continues to rise.
Real estate developers are racing to transform Nagoya's downtown, adding new restaurants, apartments, and other amenities. This development boom is not just about new buildings; it's about creating a vibrant urban environment. As a result, the value of properties, especially luxury condos, is on the rise.
In 2024, the official residential land price in the Greater Nagoya Area saw a 2.8% increase, outpacing the national average. This uptick in land prices naturally boosts the value of high-end residential properties. Luxury condominiums, known for their top-notch amenities and exclusivity, are particularly benefiting from this trend.
These luxury condos offer more than just a place to live; they provide a lifestyle. With advanced amenities and a prime location, they cater to those seeking both comfort and convenience. As land prices climb, the exclusivity and desirability of these properties only grow.
For potential buyers, this means investing in Nagoya's luxury condominiums could be a smart move. The combination of rising demand, ongoing development, and increasing land prices creates a promising market. Investing now could yield significant returns as the city continues to evolve and attract more residents.
Sources: Azuki Partners, Data Insights Market, Statista
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.