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
Nagoya is Japan's fourth-largest city, and its real estate market sits between Tokyo's frenzy and slower regional cities.
In this article, we cover the current housing prices in Nagoya, market momentum, neighborhood trends, and what foreign buyers should realistically expect in 2026.
We constantly update this blog post to keep it fresh and accurate for you.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Nagoya.
How's the real estate market going in Nagoya in 2026?
What's the average days-on-market in Nagoya in 2026?
As of early 2026, a well-priced used condominium in Nagoya City typically takes around 75 to 120 days to sell from first listing to accepted offer, while single-family homes usually need 90 to 150 days depending on location and condition.
This range covers most typical listings in Nagoya, though properties near major stations like Nagoya Station or Sakae tend to move faster (closer to 75 days for condos), while homes in car-dependent outer areas can sit longer, sometimes past 150 days if not priced correctly.
Compared to one or two years ago, the days-on-market in Nagoya has remained relatively stable, with some tightening in prime central areas due to steady demand from both domestic buyers and increased interest from foreign investors drawn by the weaker yen.
Are properties selling above or below asking in Nagoya in 2026?
As of early 2026, the typical resale condominium in Nagoya City sells at around 94% to 97% of the original asking price, meaning buyers generally negotiate 3% to 6% below list price if the property sells within about three months.
Most properties in Nagoya sell at or below asking price, with roughly 70% to 80% of transactions closing below list, though prime units near Nagoya Station, Sakae, or Fushimi sometimes reach 98% to 101% of asking when demand is strong. We are reasonably confident in this range, though exact percentages vary by property type and timing.
Bidding wars and above-asking sales in Nagoya are most common for newer condominiums (under 10 years old) in Nakamura-ku near Meieki, Naka-ku around Sakae and Fushimi, and well-managed buildings with strong reserve funds and good transit access.
By the way, you will find much more detailed data in our property pack covering the real estate market in Nagoya.
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.
What kinds of residential properties can I realistically buy in Nagoya?
What property types dominate in Nagoya right now?
In Nagoya, the residential property market breaks down roughly into used condominiums (making up the largest share of central city transactions), new-build detached houses (common in suburban areas), and older detached houses that often require renovation.
Used condominiums represent the largest share of the Nagoya City market, with 868 resale condo transactions recorded in Nagoya City alone during October to December 2025 according to Chubu REINS data, compared to fewer detached house transactions in the same period.
Condominiums became so prevalent in central Nagoya because land is expensive and limited near transit hubs, making high-density housing the practical choice, plus Japanese buyers increasingly prefer the convenience of station-adjacent living over car-dependent suburban houses.
If you want to know more, you should read our dedicated analyses:
Are new builds widely available in Nagoya right now?
New-build detached houses are generally available in Nagoya's suburban areas, but brand-new condominiums in prime central zones are more limited and often priced at a premium, leading many buyers to choose newer resale stock (5 to 15 years old) instead.
As of early 2026, the highest concentration of new-build developments in Nagoya is found in Nakamura-ku (near Nagoya Station), parts of Naka-ku (Sakae area), and expanding residential zones in Midori-ku and Tempaku-ku where developers have more land to build on.
Get fresh and reliable information about the market in Nagoya
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
Which neighborhoods are improving fastest in Nagoya in 2026?
Which areas in Nagoya are gentrifying in 2026?
As of early 2026, the neighborhoods in Nagoya showing the clearest signs of gentrification include Sakae and Hisaya-Odori in Naka-ku, Fushimi (also Naka-ku), Imaike in Chikusa-ku, and parts of Kanayama straddling Naka-ku and Atsuta-ku.
In these areas, visible changes include new specialty coffee shops and lifestyle retail replacing older storefronts, renovated "mansion" buildings with modern interiors, increased foot traffic from younger professionals, and upgraded public spaces like the Hisaya-Odori Park redevelopment that transformed a dated park into a popular gathering spot.
Price appreciation in these gentrifying Nagoya neighborhoods has been modest but steady over the past two to three years, with estimates suggesting 5% to 15% gains depending on the specific micro-location and property condition, though central Naka-ku near Sakae has seen stronger upward pressure.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Nagoya.
Where are infrastructure projects boosting demand in Nagoya in 2026?
As of early 2026, the areas in Nagoya where major infrastructure projects are most actively boosting housing demand include the Nagoya Station (Meieki) district in Nakamura-ku, the Sakae-Fushimi corridor in Naka-ku, and the Kanayama station area.
The main projects driving demand are the massive Nagoya Station District Redevelopment (a 540 billion yen mixed-use project replacing six buildings with new towers, hotel, and expanded rail platforms), the Linear Chuo Shinkansen preparation works connecting Nagoya to Tokyo, and the SRT surface transit system planned to improve district connectivity.
The Nagoya Station redevelopment's first phase is expected to complete around 2033, with full completion in the early 2040s, though recent contractor difficulties have introduced some schedule uncertainty. The Linear Shinkansen to Tokyo was tentatively targeted for 2027 but may face delays.
In Nagoya, properties near announced infrastructure projects typically see a 5% to 10% price bump upon announcement, with additional gains (another 5% to 15%) as completion approaches and the benefits become tangible, though the effect varies by proximity and property type.
We have made this infographic to give you a quick and clear snapshot of the property market in Japan. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
What do locals and insiders say the market feels like in Nagoya?
Do people think homes are overpriced in Nagoya in 2026?
As of early 2026, the general sentiment among locals and market insiders in Nagoya is mixed: many feel that new condominiums have become expensive relative to local incomes, but well-priced resale properties near stations are still seen as fair value compared to Tokyo or Osaka.
When arguing that Nagoya homes are overpriced, locals typically point to the gap between average salaries (around 4 to 5 million yen annually for many workers) and new condo prices that can exceed 50 to 70 million yen in central areas, making homeownership feel out of reach for young families.
On the other hand, those who believe Nagoya prices are fair argue that the city offers much better value than Tokyo (where similar condos cost 50% to 100% more), that resale options remain accessible, and that strong local employment from companies like Toyota supports stable demand.
Nagoya's price-to-income ratio sits around 3.5 to 4.5 times annual household income for a typical property, which is moderate by Japanese standards and significantly better than Tokyo's ratio that often exceeds 10 times income in central wards.
What are common buyer mistakes people regret in Nagoya right now?
The most frequently cited buyer mistake in Nagoya is purchasing a condominium without thoroughly checking the building's management health, including the reserve fund balance, repair history, and meeting minutes, which can lead to unexpected special assessments or declining building quality.
The second most common regret is underestimating total acquisition costs (taxes, agent fees, registration, and potential renovation) and ignoring local hazard maps, especially flood risk in low-lying areas near rivers like the Shonai-gawa, which can affect both safety and resale value.
If you want to go deeper, you can check our list of risks and pitfalls people face when buying property in Nagoya.
It's because of these mistakes that we have decided to build our pack covering the property buying process in Nagoya.
Get the full checklist for your due diligence in Nagoya
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.
How easy is it for foreigners to buy in Nagoya in 2026?
Do foreigners face extra challenges in Nagoya right now?
The overall difficulty level for foreigners buying property in Nagoya is moderate: there are no legal restrictions on foreign ownership, but practical hurdles like bank financing, language barriers, and documentation requirements make the process harder than for Japanese buyers.
Japan has no blanket restrictions on foreign property ownership, so foreigners can legally buy land and buildings in Nagoya just like Japanese citizens, though purchases near sensitive infrastructure may face additional scrutiny under national security guidelines.
In Nagoya specifically, practical challenges include the fact that most real estate agents and judicial scriveners (shiho shoshi) operate primarily in Japanese, property documents use specialized terminology, and many sellers are unfamiliar with foreign buyer processes, which can slow negotiations and require a bilingual intermediary.
We will tell you more in our blog article about foreigner property ownership in Nagoya.
Do banks lend to foreigners in Nagoya in 2026?
As of early 2026, mortgage financing is available to foreign buyers in Nagoya, but options are narrower than for Japanese nationals: permanent residents have access to most lenders, while non-permanent residents must use specialized "foreigner-friendly" banks like Tokyo Star Bank, Prestia (SMBC Trust Bank), or Suruga Bank.
Foreign buyers in Nagoya can typically expect loan-to-value ratios of 70% to 80% (meaning a 20% to 30% down payment), with interest rates ranging from around 0.4% to 1.4% for variable-rate loans depending on residency status and bank, with non-permanent residents usually paying toward the higher end of that range.
Banks typically require foreign applicants to provide proof of stable employment in Japan (usually 1 to 3 years), residence card, tax certificates, income documentation, and often the ability to communicate in Japanese or use a translator, with some banks like Prestia offering English-language support.
You can also read our latest update about mortgage and interest rates in Japan.
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 risky is buying in Nagoya compared to other nearby markets?
Is Nagoya more volatile than nearby places in 2026?
As of early 2026, Nagoya's property market shows moderate volatility, sitting between Tokyo's more speculative swings and the slower, steadier pace of smaller regional cities like Shizuoka or Gifu, making it a "middle ground" option for risk-conscious buyers.
Over the past decade, Nagoya has experienced gentler price movements than central Tokyo, where prime wards saw 30% to 50% gains followed by occasional corrections, while Nagoya's residential land prices have grown more steadily at around 2% to 3% annually without dramatic spikes or crashes.
If you want to go into more details, we also have a blog article detailing the updated housing prices in Nagoya.
Is Nagoya resilient during downturns historically?
Nagoya has shown reasonable historical resilience during economic downturns, supported by its diversified economy anchored by Toyota and other major manufacturers, plus steady commuter demand that keeps the residential market from collapsing even when national conditions weaken.
During the 2008 to 2012 period following the global financial crisis, Nagoya property prices dropped roughly 10% to 15% from their peaks, with recovery taking about 4 to 6 years to return to pre-crisis levels, which was milder than more speculative markets.
In Nagoya, properties that have historically held value best during downturns include well-managed condominiums in Naka-ku and Nakamura-ku near major stations, newer buildings (under 15 years old) with strong management reserves, and locations with multiple transit options rather than car-dependent areas.
Get to know the market before you buy a property in Nagoya
Better information leads to better decisions. Get all the data you need before investing a large amount of money. Download our guide.
How strong is rental demand behind the scenes in Nagoya in 2026?
Is long-term rental demand growing in Nagoya in 2026?
As of early 2026, long-term rental demand in Nagoya is modestly positive, particularly in central, transit-rich zones where job growth and urbanization continue to draw tenants who prefer renting near work over buying in distant suburbs.
The tenant demographics driving long-term rental demand in Nagoya include young professionals working for Toyota-linked companies and other manufacturers, university students (Nagoya has several major universities in Chikusa-ku), and increasingly, foreign workers and families relocating for employment.
The neighborhoods with the strongest long-term rental demand in Nagoya right now are Nakamura-ku (near Nagoya Station), Naka-ku (Sakae and Fushimi), Chikusa-ku (near universities and Imaike), and Higashi-ku, where 1LDK to 2LDK units targeting single professionals and couples move quickly.
You might want to check our latest analysis about rental yields in Nagoya.
Is short-term rental demand growing in Nagoya in 2026?
Short-term rentals in Nagoya operate under Japan's national minpaku (home-sharing) regulations, which require licensing and registration, and many condominium buildings explicitly prohibit short-term rental use in their management rules, limiting where you can legally operate.
As of early 2026, short-term rental demand in Nagoya is growing modestly, driven by increased domestic and international tourism as Japan's borders remain fully open and the weak yen continues to attract foreign visitors.
Average occupancy rates for short-term rentals in Nagoya vary significantly by location and season, but well-positioned properties near Nagoya Station or Sakae can achieve 60% to 75% occupancy, while less central listings may struggle to reach 50%.
The guest demographics driving short-term rental demand in Nagoya include domestic business travelers, international tourists visiting nearby attractions (Toyota museum, Legoland, Ise Shrine day trips), and increasingly, digital nomads and long-stay visitors attracted by Japan's affordability for foreign currency holders.
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Nagoya.
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.
What are the realistic short-term and long-term projections for Nagoya in 2026?
What's the 12-month outlook for demand in Nagoya in 2026?
As of early 2026, the 12-month demand outlook for residential property in Nagoya is stable to slightly softer, as rising interest rates may cool some buyer enthusiasm, but prime station-adjacent areas should maintain healthy transaction volumes.
The key factors most likely to influence Nagoya demand over the next 12 months are Bank of Japan interest rate decisions (with further hikes expected), the pace of wage growth relative to housing costs, and continued foreign investor interest tied to yen weakness.
Price forecasts for Nagoya over the next 12 months suggest flat to modest growth of 0% to 3% for well-located properties, with potential softening of 2% to 5% for older, poorly-located stock as buyers become more selective amid higher borrowing costs.
By the way, we also have an update regarding price forecasts in Japan.
What's the 3 to 5 year outlook for housing in Nagoya in 2026?
As of early 2026, the 3 to 5 year outlook for Nagoya housing is cautiously positive, with expectations of steady (not explosive) price growth in well-connected areas, while outer suburbs and older poorly-managed buildings may see stagnation or declines.
Major development projects expected to shape Nagoya over the next 3 to 5 years include the Nagoya Station District Redevelopment (first phase completion around 2033), continued Linear Chuo Shinkansen preparation, and the SRT transit system designed to improve cross-district connectivity.
The single biggest uncertainty that could alter Nagoya's 3 to 5 year outlook is the trajectory of interest rates: if the Bank of Japan raises rates faster than expected while wages stagnate, affordability could deteriorate significantly, dampening both prices and transaction volumes.
Are demographics or other trends pushing prices up in Nagoya in 2026?
As of early 2026, demographic trends in Nagoya are having a moderate upward impact on housing prices in central areas, as population concentration continues even while the broader region faces long-term aging and slow overall growth.
The specific demographic shifts affecting Nagoya prices most are the continued migration of young workers toward transit-accessible urban cores, smaller household sizes increasing per-capita housing demand, and an aging population that frees up suburban housing while intensifying competition for convenient central units.
Beyond demographics, non-demographic trends pushing Nagoya prices include foreign investor demand driven by yen weakness, rising construction and material costs (up roughly 25% to 29% since 2021) that support existing-home values, and lifestyle preferences shifting toward walkable, amenity-rich neighborhoods.
These demographic and trend-driven price pressures in Nagoya are expected to continue for at least the next 5 to 10 years, though the magnitude will depend on whether wages keep pace with prices and whether interest rates rise enough to offset demand.
What scenario would cause a downturn in Nagoya in 2026?
As of early 2026, the most likely scenario that could trigger a housing downturn in Nagoya would be interest rates rising faster than incomes, creating an affordability shock that reduces buyer purchasing power and forces sellers to cut prices to attract offers.
Early warning signs that such a downturn is beginning in Nagoya would include a noticeable increase in days-on-market for typical listings, growing inventory of unsold units in the monthly Chubu REINS reports, and an expansion of the gap between asking prices and final sale prices beyond the current 6% to 8% discount range.
Based on historical patterns, a potential downturn in Nagoya could realistically see price declines of 10% to 20% from peak levels over 2 to 4 years, with older buildings and car-dependent suburbs hit hardest while prime station-adjacent properties would likely experience milder corrections of 5% to 10%.
Make a profitable investment in Nagoya
Better information leads to better decisions. Save time and money. Download our guide.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Nagoya, we always rely on the strongest methodology we can and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| Chubu REINS | It's the official MLS-style aggregator designated by Japan's land ministry for the Chubu region, based on registered transactions. | We used it to anchor Nagoya City transaction averages including prices, unit sizes, and counts. We treat it as the most reliable lens on actual resale market conditions. |
| Tokyo Kantei | It's a long-established housing data firm with repeatable, published methodologies for comparing listing prices to transaction prices. | We used it to quantify sale-to-ask price dynamics and sell-through time benchmarks for the Chubu used-condo market. We then adjusted for Nagoya's better liquidity. |
| MLIT (Ministry of Land, Infrastructure, Transport and Tourism) | It's the national government's official land price framework and data distribution point for Japan. | We used it to anchor long-run land value direction and compare Nagoya's volatility to other cities. We treat it as the best official cross-city comparator. |
| Bank of Japan | It's the central bank's primary source for monetary policy decisions that directly affect mortgage rates. | We used it to frame current and expected interest rate conditions that impact affordability in 2026. We monitor BOJ releases to update our forecasts. |
| Japan Housing Finance Agency (JHF) | It's a government-affiliated agency managing Flat 35, a core reference rate for long-term fixed mortgages in Japan. | We used it to ground what typical long fixed mortgage pricing looks like in early 2026. We also use it to explain rate risk scenarios for buyers. |
| Tokyo Star Bank | It's a primary source from a bank that explicitly markets mortgage products to foreign nationals without permanent residency. | We used it to show that some banks do lend to foreigners under specific criteria. We treat it as a reality check against generic claims about foreign buyer financing. |
| Japan Tourism Agency | It's the national tourism regulator under MLIT overseeing short-term rental regulations. | We used it to anchor what is regulated about short-term accommodation. We treat it as the authoritative body for anyone considering Airbnb-style investments. |
| CBRE Japan | It's a leading global commercial real estate services firm with detailed Japan market outlooks. | We used it to contextualize Nagoya within broader Japan market trends and cross-check our demand and supply assessments for 2026. |
| E-Housing | It's a Japan real estate analysis platform providing detailed market outlooks and policy tracking. | We used it to incorporate construction cost data, rate hike impacts, and the "multilayered" market dynamic affecting different property tiers. |
| Numbeo | It's a crowdsourced database widely cited for city-level affordability comparisons including price-to-income ratios. | We used it to benchmark Nagoya's affordability against national and regional averages. We cross-checked with official data to confirm reasonableness. |
Related blog posts