Tokyo, Japan
Property prices · 2026 · Asia · Price +2.9% vs 2025
Property price trend in Tokyo (2024–2026)
Property comparison — cities in Japan (2026)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Tokyo |
|---|---|---|---|---|
| Tokyo | JPY 1,284,000 | JPY 802,500 | JPY 160,500 | — |
| Yokohama | JPY 1,040,250 | JPY 744,600 | JPY 142,350 | -19% |
| Osaka | JPY 834,600 | JPY 513,600 | JPY 107,000 | -35% |
| Nagoya | JPY 788,400 | JPY 569,400 | JPY 114,975 | -38.6% |
| Fukuoka | JPY 657,000 | JPY 470,850 | JPY 96,360 | -48.8% |
| Sapporo | JPY 492,750 | JPY 350,400 | JPY 78,840 | -61.6% |
Other Asia cities (2026)
Frequently asked questions
How much does property cost in Tokyo in 2026?
In Tokyo, the average price per sqm in the city centre is JPY 1,284,000, and JPY 802,500 outside the centre (2026 data). Prices have risen 7% since 2024.
How much is rent in Tokyo in 2026?
A 1-bedroom apartment in Tokyo rents for approximately JPY 160,500 per month in 2026. A 3-bedroom apartment costs around JPY 299,600/month.
Is it better to buy or rent in Tokyo?
Renting is generally more cost-effective in Tokyo. The price-to-rent ratio is 35.0x — it would take approximately 35.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 1.50%.
What are mortgage rates in Japan in 2026?
The average mortgage rate in Japan is approximately 1.50% as of 2026. With a price-to-rent ratio of 35.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Tokyo changed?
Property prices in Tokyo have changed +2.9% vs 2025. Since 2024, prices have increased by 7%. Use the year tabs above to compare prices across years.
What is the price per sqm in Tokyo?
The average property price per square metre in Tokyo city centre is JPY 1,284,000 in 2026. Outside the centre, expect to pay around JPY 802,500/sqm.