Nagoya, Japan
Property prices · 2024 · Asia
Property price trend in Nagoya (2024–2026)
Property comparison — cities in Japan (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Nagoya |
|---|---|---|---|---|
| Nagoya | JPY 720,000 | JPY 520,000 | JPY 105,000 | — |
| Tokyo | JPY 1,200,000 | JPY 750,000 | JPY 150,000 | +66.7% |
| Yokohama | JPY 950,000 | JPY 680,000 | JPY 130,000 | +31.9% |
| Osaka | JPY 780,000 | JPY 480,000 | JPY 100,000 | +8.3% |
| Fukuoka | JPY 600,000 | JPY 430,000 | JPY 88,000 | -16.7% |
| Sapporo | JPY 450,000 | JPY 320,000 | JPY 72,000 | -37.5% |
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Nagoya in 2024?
In Nagoya, the average price per sqm in the city centre is JPY 720,000, and JPY 520,000 outside the centre (2024 data). Prices have risen 9.5% since 2024.
How much is rent in Nagoya in 2024?
A 1-bedroom apartment in Nagoya rents for approximately JPY 105,000 per month in 2024. A 3-bedroom apartment costs around JPY 170,000/month.
Is it better to buy or rent in Nagoya?
Renting is generally more cost-effective in Nagoya. The price-to-rent ratio is 27.0x — it would take approximately 27.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 1.00%.
What are mortgage rates in Japan in 2024?
The average mortgage rate in Japan is approximately 1.00% as of 2024. With a price-to-rent ratio of 27.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Nagoya?
The average property price per square metre in Nagoya city centre is JPY 720,000 in 2024. Outside the centre, expect to pay around JPY 520,000/sqm.