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Where are the best places to invest in Nagoya right now? Is the bustling Sakae district still the top pick, or are areas like Meieki, Fushimi, and Osu gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with real estate agents, developers, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Nagoya and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Fushimi is gaining attention for its central location and new office developments, driving up property prices
Fushimi is catching everyone's eye because of its central location in Nagoya.
Businesses are flocking to Fushimi, and it's easy to see why. In 2023 and 2024, vacancy rates for top-tier offices in Nagoya tightened, with Fushimi seeing a significant drop. This means more companies are setting up shop here, boosting interest in the area.
The arrival of new office spaces has been a real game-changer for Fushimi. Take the Nagoya Shimizu Fukoku Seimei Building and the 2nd NAGOYA SANCO BUILDING, for example. Both were completed in early 2024 and quickly filled up. This rapid occupancy shows a strong demand, which often pushes property prices up as more businesses and professionals move in.
Property prices in Nagoya are on the rise, especially in areas with new office developments. In November 2023, new condominium prices in Nagoya jumped by 42.5%, showing a strong market for new properties. Fushimi is likely seeing similar growth, thanks to its central location and the influx of new office spaces.
Fushimi's appeal is undeniable, with its central location and new developments drawing in businesses and investors. The quick absorption of new office spaces and the overall trend of rising property prices in Nagoya suggest that Fushimi is experiencing a similar boom.
As more companies and professionals move into Fushimi, the area is becoming a hotspot for investment. The combination of a central location, new office spaces, and rising property prices makes Fushimi an attractive option for those looking to invest in Nagoya.
Sources: Real Estate Asia, Savills Asia, Global Property Guide
2) Hoshigaoka is desirable for its upscale living and closeness to shopping centers, attracting homebuyers
Hoshigaoka is a prime spot for homebuyers, thanks to its upscale residential vibe and rising property values.
From 2019 to 2022, the area saw a 13% jump in the average price per square meter for new condos, highlighting its strong demand and thriving luxury market. This makes Hoshigaoka a hot choice for those eyeing both investment opportunities and a prestigious address.
Living in Hoshigaoka means you're close to popular shopping centers like Hoshigaoka Terrace, which boasts 47 specialty shops, boutiques, and eateries. This shopping hub is a go-to for luxury shopping and dining, and its proximity to Hoshigaoka Station on the Higashiyama Line subway makes it super accessible.
The area is packed with luxury amenities and services, including high-end restaurants and boutiques, which boost the quality of life and keep residents happy. It's no wonder homebuyers are drawn to the luxurious lifestyle Hoshigaoka offers.
With its pleasant living environment and convenient amenities, Hoshigaoka stands out as a desirable place to settle down. The combination of luxury and convenience is a big draw for those seeking a high-end lifestyle.
Sources: Japan Travel, Savills Asia, Japan Travel Navitime
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) Kanayama is thriving as a major transport hub, boosting its rental market potential
Kanayama is booming thanks to its role as a major transportation hub.
Every day, 199,000 people pass through Kanayama Station, a jump from 143,000 in 2021. This surge in foot traffic underscores Kanayama's growing importance in the region.
Property values in Kanayama are on the rise, fueled by urban development projects like the μPLAT Kanayama. These initiatives are not just about new buildings; they are about creating vibrant communities that attract both residents and businesses, boosting the local economy.
Living near transportation hubs is becoming increasingly popular, and Kanayama is no exception. People are looking for homes that offer a better work-life balance, and easy access to transport is a big draw. This trend is pushing up rental demand, making Kanayama a hot spot for property investors.
Infrastructure improvements are also a big part of Kanayama's growth story. The Meitetsu Group and the Meieki Minami Urban Development Council are heavily investing in the area, enhancing its appeal and supporting the rental market.
With all these factors in play, Kanayama is not just a place to pass through; it's becoming a place to stay. Investors are taking note, seeing the potential for strong rental yields in this thriving hub.
Sources: Meitetsu Group Financial Results, JR Central Factsheets, Japan Property Market Insights
4) Meieki is booming with high rental demand and property appreciation due to its proximity to Nagoya Station
Meieki's real estate market is booming thanks to its close proximity to Nagoya Station.
Just a quick four-minute walk from Nagoya Station, Meieki is a magnet for both tenants and investors. This convenient location makes it a top choice for those wanting to live or work nearby. The area’s strategic position is a major attraction, drawing in people who value easy access to transportation and city amenities.
In Meieki, rental yields are impressively high, averaging 4.12%, which is better than other Nagoya districts. This figure clearly shows the strong rental demand here. Office spaces are also in high demand, with grade A offices boasting a 99.4% occupancy rate. These numbers underline Meieki's appeal to both businesses and residents.
Property values in Meieki have seen a significant rise, partly due to new developments like the Nagoya Mitsui Building North Building, completed in 2021. This mixed-use facility, featuring luxury retail and high-end office spaces, has attracted big names like GUCCI and Shiseido. Such developments not only make the area more attractive but also push property values up.
Meieki's growth is fueled by its strategic location and the influx of prestigious businesses. The area’s transformation into a bustling hub is evident, with new projects continually enhancing its appeal. This ongoing development is a key factor in the rising property values and rental demand.
For anyone considering buying property in Meieki, the combination of high rental yields, strong occupancy rates, and continuous development makes it a promising investment. The area's proximity to Nagoya Station ensures it remains a sought-after location, with potential for further appreciation.
Sources: Real Estate Tokyo, Global Property Guide, Mitsui Fudosan
5) Sakae is booming with its vibrant commercial and entertainment scene, attracting investors seeking high rental yields
Sakae is booming thanks to its lively commercial and entertainment scene, drawing in investors eager for high rental returns.
In recent years, especially in 2023 and 2024, Sakae has become a hotspot for new commercial projects and retail openings. This wave of development shows a growing interest from investors, which is key to keeping the area bustling and vibrant.
Foot traffic in Sakae is impressive, with studies highlighting that pedestrian numbers in Nagoya's downtown, including Sakae, are heavily influenced by proximity to the station and how intensely spaces are used. This constant flow of people is crucial for the success of businesses, making Sakae a prime spot for both commercial ventures and investors.
Rental yields in Sakae are on the rise, as reported by real estate agencies. For instance, rents for studio apartments have gone up by 1.8%, small family units by 2.3%, and family-type units have seen a strong growth of 8.9%. These increases highlight the area's profitability, attracting even more investors.
Investor interest is also fueled by the high demand for upscale accommodation, driven by a rebound in tourism. This demand positions Sakae as a major beneficiary, enticing investors who want to tap into the higher profitability of this market segment. The area's reputation as a nightlife and shopping hub, often spotlighted in media, further boosts its allure to both locals and tourists.
Sources: KDX REIT, RGSA Open Access Publications, DWS
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6) Atsuta is attracting interest with its historical significance and new urban projects, promising long-term property appreciation
Atsuta is becoming a hotspot for property buyers due to its rich history and new urban projects.
At the heart of Atsuta's charm is the famous Atsuta Shrine, a cultural gem that draws both locals and tourists. The shrine's preservation efforts not only keep history alive but also boost the area's appeal, making it a magnet for investors.
The Nagoya City Master Plan 2028 is a game-changer, focusing on developing areas around Atsuta Shrine. This plan aims to make the area more livable and attractive, which is likely to push property prices up as interest grows.
Another exciting development is the Meitetsu Nagoya Station District Redevelopment Project. This project is set to enhance Nagoya's overall appeal, which could have a positive ripple effect on property values in Atsuta.
Transportation is also getting a boost with the Chuo Shinkansen maglev line, making Atsuta more accessible. This improved connectivity is expected to make the area more desirable for both living and business, potentially driving property values higher.
The Nagoya City Master Plan 2028 envisions a city that beautifully blends tradition with modernity. This vision is likely to catch media attention, further boosting Atsuta's allure and property market.
Sources: Global Property Guide, Nagoya City Master Plan 2028, Meitetsu Group
7) Osu is gaining attention for its mix of traditional and modern attractions, attracting tourists and investors alike
Osu is quickly becoming a hotspot thanks to its unique blend of traditional and modern attractions that captivate both tourists and investors.
In recent years, property values in Osu have soared, largely due to its charm and the growing demand for real estate. The area is buzzing with international travelers, many of whom are drawn to Osu's vibrant streets. The lively foot traffic around Osu Shotengai, a traditional shopping street, is a magnet for new businesses and cafes, adding to the area's dynamic vibe.
Osu's appeal lies in its mix of historical temples and trendy cafes, attracting both tourists and investors who see a goldmine of growth and profitability. The area has been in the spotlight thanks to cultural events like the Osu Festival, which only adds to its allure. Investors are taking note, with surveys showing a rising interest in Osu's potential for cultural and economic expansion.
Osu's transformation is also fueled by its significant media attention, which highlights its cultural richness and economic opportunities. The buzz around Osu is not just local; it's gaining international traction, making it a prime spot for those looking to invest in a thriving community.
With its blend of old-world charm and modern flair, Osu is not just a place to visit but a place to invest in. The area's unique attractions and vibrant atmosphere are drawing in a diverse crowd, from curious tourists to savvy investors.
Osu's rise as a hotspot is a testament to its ability to seamlessly blend tradition with modernity, creating a unique environment that appeals to a wide audience. The area's growth is a clear indicator of its potential as a cultural and economic hub.
Sources: Matcha, Arigato Travel, Tourism Japan, Nagoya is Not Boring
8) Shin-Sakae is gaining attention with its trendy vibe and new developments, attracting real estate investors
Shin-Sakae is quickly becoming a trendy hotspot for both living and business.
One of the driving forces behind this transformation is the major urban renewal projects happening in the area. The redevelopment of the Nagoya Station area is a key part of this, aiming to create a modern business and entertainment hub. This kind of development naturally draws in more people and businesses, making Shin-Sakae a magnet for growth.
Adding to the buzz, the Night Market Nagoya Sakae Sumiyoshi, also known as TREND MALL Sakae, is set to open in December 2024. This new complex is a blend of dining and entertainment, which is expected to boost foot traffic significantly. As more people visit, more businesses are likely to open, further enhancing the neighborhood's appeal.
There's also a strong demand for rental properties in Nagoya, which is likely to spill over into Shin-Sakae. This demand is fueled by students, professionals, and expats who are drawn to the area. The local government's efforts to attract international businesses add another layer of attractiveness for real estate investors.
Shin-Sakae's strategic location is another big plus. It's not just about being in the right place; it's about being in a place that's actively being developed and promoted. The combination of location and development makes it a promising market for those looking to invest in real estate.
With all these elements in play, Shin-Sakae is shaping up to be a vibrant and dynamic area. It's not just about what's happening now, but also about the potential for future growth and development.
Sources: Old Houses Japan, Atpress
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) Kakuozan is gaining popularity for its cultural heritage and boutique shopping, driving up property values
Kakuozan is buzzing with cultural heritage and boutique shopping, making it a sought-after spot for property buyers.
In 2023, the district saw a noticeable jump in property prices, driven by its newfound popularity. This upward trend continued into 2024, as more people flocked to the area for its rich cultural attractions and upscale lifestyle.
The streets of Kakuozan are bustling, especially during cultural events and festivals. In 2023, the increase in visitors led to a boom in local boutique sales, highlighting a strong demand for unique shopping experiences. By 2024, even more visitors were drawn in, with many shops reporting higher sales, thanks to the district's charming mix of historical architecture and modern boutiques.
Kakuozan is home to several key festivals each year, drawing large crowds and boosting its popularity. In 2023, the district hosted three major festivals, and by 2024, the number of cultural events had grown, including the much-loved Kakuozan Summer festival.
Looking ahead to 2025, events like the Aoi Matsuri and Jidai Matsuri are set to further enhance Kakuozan's cultural allure. These festivals are expected to attract even more visitors, adding to the area's vibrant atmosphere.
With its blend of history and modernity, Kakuozan is not just a place to visit but a community to be part of. The district's growing appeal is reflected in its rising property values, making it an attractive option for those looking to invest in a lively and culturally rich area.
Sources: Nagoya is Not Boring, Magical Trip, Centrip Japan
10) Motoyama is thriving with excellent schools and public transport access, attracting families and young professionals, boosting property values
Motoyama is a hotspot for families and young professionals thanks to its excellent schools and easy public transport.
One of the main attractions is Nagoya University, a top-ranked institution in Japan and Asia. This prestigious university draws families eager for quality education and young professionals aiming to advance their careers.
Another appealing factor is the convenient access to public transportation. The Nagoya Subway, especially the Meijo Line, makes commuting a breeze. With over a million passengers daily, it's a major perk for residents, enhancing Motoyama's appeal.
These elements have led to a rise in property values. As more families and young professionals flock to the area for its schools and transport, housing demand surges, pushing property prices up.
This trend mirrors what's happening in other urban areas like Nagoya and Tokyo, where urban living spaces are highly sought after. The demand for convenient and quality living spaces is a driving force behind the property market.
Motoyama's blend of education and transport options makes it a desirable place to live, contributing to its growing popularity and rising property values.
Sources: Ad Scientific Index, Japan Metro, E-Housing
11) Nagakute is gaining interest for its suburban charm and new residential developments, offering promising investment opportunities
Nagakute is turning heads with its suburban charm and new residential communities.
One big draw is the rising property values, fueled by a steady population increase. From 1995 to 2020, the population grew significantly, showing a strong demand for housing. This growth is a clear sign that people are eager to call Nagakute home.
Residential projects are popping up all over, even if we don't have exact numbers. The trend of population growth and urbanization points to a continuous effort to build new housing communities. Government initiatives are also in play, improving infrastructure and making Nagakute more appealing to both residents and investors.
Nagakute's location is another plus. It's close to educational institutions and research centers, which adds to its allure. With improved transportation links to central Nagoya, residents enjoy easy access to amenities and job opportunities. This convenience is a big reason why people are flocking to the area.
Demographic trends show that suburban areas are growing, and Nagakute is no exception. The combination of these factors makes it a popular choice for homebuyers and investors. The area's development and charm are hard to resist.
For those looking to invest, Nagakute offers a promising opportunity. The ongoing development and strategic location make it a smart choice for property investment. The area's growth potential is evident, and it's catching the attention of savvy investors.
Sources: City Population, Global Property Guide, Population Stat
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.